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."
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.
For further information: Faiz Karmally, Chief Financial Officer, Phone: (604) 881-1982, Fax: (604) 881-1995, Email: firstname.lastname@example.org, Website: http://www.hdidist.com