TRADING SYMBOL: Toronto Stock Exchange – HDI
LANGLEY, BC, Aug. 16, 2018 /CNW/ - Hardwoods Distribution Inc.
("HDI" or the "Company") (TSX: HDI) today announced executive
leadership appointments effective August
16, 2018. HDI operates a North American network of 62
distribution centers utilizing three industry leading distribution
brands: Hardwoods Specialty Products; the Frank Paxton Lumber
Company; and Rugby Architectural Building Products ("Rugby").
Drew Dickinson is appointed to
the position of President, Rugby. Mr. Dickinson has been the
Chief Operating Officer of Rugby for the past eight years, and has
over 25 years of industry and progressive management experience
with Rugby operations.
"Drew brings a wealth of strategic, operational and financial
expertise and has been instrumental to Rugby's success," commented
Rob Brown, President and CEO of HDI.
"He is an exceptional leader and knows how to capitalize on the
exciting opportunities we see ahead for the Rugby business".
Mr. Dickinson succeeds David
Hughes, Rugby's previous President. Mr. Hughes will
assume new duties with HDI in the capacity of Senior Vice
President, Acquisitions. In this new role, Mr. Hughes will remain
part of the executive team of HDI but focus primarily on executing
the Company's acquisition strategy.
"Dave did an exceptional job building up and running the Rugby
business, a business that grew significantly through acquisitions
after acquiring 17 companies in a six year span" Mr. Brown added.
"There exists a significant M&A opportunity in our industry
which remains highly fragmented. We have a well-developed
acquisitions pipeline and the financial capacity to execute on
it. Dave is uniquely positioned to lead this effort on behalf
of all of our HDI distribution brands."
About HDI
HDI is North America's largest
distributor of architectural grade building products to the
residential and commercial construction markets. The Company
operates a North American network of 62 distribution centers
utilizing three industry leading distribution brands: Hardwoods
Specialty Products; the Frank Paxton Lumber Company; and Rugby
Architectural Building Products. HDI also operates one sawmill and
kiln drying operation, Hardwoods of Michigan.
SOURCE Hardwoods Distribution Inc.