The rebrand comes nearly a year after Woodgrain's acquisition of Huttig.
Latest In Huttig Building Products
The company has completed its previously announced acquisition of Huttig, a distributor of millwork, building materials and wood products.
M&A activity in the distribution and manufacturing sectors has somewhat slowed since spiking in the fourth quarter of 2021. But while the deals may be fewer in number, multiple companies still reached billion-dollar agreements as 2022’s initial quarter wrapped up.
Woodgrain Inc. last month reached a deal to acquire Huttig Building Products for $350 million in an all-cash agreement.
The two companies have reached an agreement that will allow Woodgrain to buy Huttig Building Products in an all-cash deal.
The distributor also reported that 2021 year-end net sales increased 18.4% to $937.8 million, compared to $792.3 million in 2020.
Building materials distributor Huttig Building Products reported 2021 3Q sales of $245.3 million, 15.3% above the same period a year ago.
Millwork, building materials and wood products distributor Huttig will evaluate potential strategic alternatives to maximize shareholder value.
Building materials distributor Huttig Building Products reported second-quarter net income of $14.9 million compared to $1.6 million in 2020.
Building materials distributor Huttig Building Products Inc. reported first quarter net income of $8.1 million after posting a loss of $8.9 million in the first quarter of 2020.
Building materials distributor Huttig Building Products Inc. reported fourth-quarter sales of $184.6 million, a 2.3% increase over the prior-year period.
Building materials distributor Huttig Building Products Inc. (Nasdaq: HBP), St. Louis, Missouri, reported third-quarter sales of $212.7 million, a 1.4% decrease over the prior-year period.
Mill Road Capital Management LLC and its affiliated funds last week made an offer of $2.75 per share for the building materials distributor.
The company reported a loss of $8.9 million for the quarter compared to a loss of $3.2 million in the first quarter of 2019.
Millwork product sales decreased 3.9% in the second quarter of 2019.
Building products sales increased 2.9% in the first quarter.
Fourth-quarter sales increase 9.5% year-over-year.
Distributor appoints Philip W. Keipp vice president and chief financial officer.
Increase in residential construction drives growth.
