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.