Hardwoods Distribution Inc. (“HDI”) has, through its subsidiary Hardwoods Specialty Products US LP (“Hardwoods”), purchased substantially all of the assets and assumed certain liabilities of Aura Hardwoods (“Aura”).
Aura is a wholesale architectural building products distributor with estimated annual sales of $53 million. Aura operates its business in Northern California across six locations in Modesto, Rancho Cordova, San Jose, San Luis Obispo, Fresno, and Santa Cruz. Aura will operate under the Hardwoods brand name going forward.
The transaction purchase price of $12.7 million (subject to final working capital adjustments) was financed by a draw on the company’s existing US credit facility.
HDI is North America’s largest distributor of architectural grade building products to the residential and commercial construction markets.
