HDI Purchases Novo

Hardwoods Distribution Inc. (HDI) will purchase Novo Building Products Holdings, LLC from an affiliate of Blue Wolf Capital Partners. Novo is a U.S. distributor of architectural grade building products to home centres and to home builder distribution yards across the U.S.. Its product suite includes moulding and millwork, stair systems, decorative boards, and doors which are complementary to the company's own offering. HDI says this strategic acquisition provides a symbiotic fit with its existing operations as a distributor of specialty, non-commodity building materials. Operating 14 locations with a strong eastern U.S. presence, Novo's footprint complements that of HDI.