Announced
Synopsis
Hardwoods Distribution, one of North America's largest distributors of architectural grade building products to the residential, repair and remodel, and commercial construction industries, agreed to acquire Novo Building Products, a manufacturer and value-added distributor of mouldings, millwork, stair parts and other specialty building products, from Blue Wolf Capital, a New York-based private equity firm, for £217. "Under George’s leadership, the Novo management team executed a set of strategic initiatives that expanded the company’s footprint, diversified its product offering and improved its operational performance, creating a substantially larger, more diversified and more efficient enterprise," James Shovlin, Blue Wolf Vice President.
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