Hardwoods Distribution Inc. announced that it has, through its subsidiary, Rugby Holdings LLC., purchased Downes & Reader Hardwood Company Inc.
Downes & Reader is a distributor of hardwood lumber with four locations in the U.S. Northeast and annual sales estimated at US $25 million. The company services both the wholesale and retail customer segments. The acquisition will add over 2,400 new customers and strengthen Rugby’s position overall, as a distributor of hardwood lumber products.