Posts Tagged ‘ Huttig Building Products Inc. ’

Woodgrain Purchase of Huttig Prompts Class-Action Lawsuit

Apr 18th, 2022

Don Reith filed a class action lawsuit against Huttig Building Products Inc. and its board of directors last week “for breaches of fiduciary duties in connection with the Board’s efforts to sell the Company to Woodgrain Inc.” The sale, announced in March, would see Woodgrain acquire all outstanding shares of Huttig for $10.70 per share […]

Woodgrain Inc. Announces Commencement of the Tender Offer for All Outstanding Shares of Huttig Building Products, Inc.

Mar 31st, 2022

Woodgrain Inc. has announced that its affiliate, HBP Merger Sub, Inc., commenced the previously announced cash tender offer for all of the issued and outstanding shares of Common Stock of Huttig Building Products Inc. at a price of $10.70 per share, net to the seller, in cash, without interest and less applicable withholding taxes. The […]

Woodgrain to Acquire Huttig Building Products

Mar 22nd, 2022

Woodgrain Inc. and Huttig Building Products Inc. have announced that the two companies have entered into a definitive agreement whereby Woodgrain will purchase Huttig, a distributor of millwork, building materials, and wood products. This acquisition will increase Woodgrain’s distribution network, its product offering, and its value-added services. “Huttig has a long history as a value-added […]

Huttig Building Products Reports Record Fourth Quarter And Full Year Net Income

Mar 4th, 2022

Huttig Building Products Inc., a domestic distributor of millwork, building materials and wood products, has reported financial results for the fourth quarter and year ended December 31, 2021. In the fourth quarter of 2021, the company’s net sales were $230.4 million, which were $45.8 million, or 24.8%, higher than the fourth quarter of 2020. The […]

Jeld-Wen, Huttig Report Strong 3Q Financial Results

Nov 5th, 2021

Jeld-Wen Holding Inc. and Huttig Building Products Inc. each announced financial results for the third quarter of 2021, with both companies making out better than this time a year ago. Jeld-Wen’s numbers are from three and nine months ended September 25, 2021, and the improved results were—in part—aided by the conclusion of a lawsuit. The […]

Huttig Building Products Enters Into New $250 Million Credit Facility

Oct 4th, 2021

Late last week, Huttig Building Products Inc, domestic distributor of millwork, building materials and wood products, entered into a new $250 million senior credit facility. The facility has a five-year tenure and can be expanded to $325 million through an uncommitted $75 million accordion, subject to certain conditions. JPMorgan Chase Bank, Bank of America, Fifth […]

Second Quarter Financials Prove Market Still Has Momentum

Aug 3rd, 2021

Three door and window related companies released their second quarter financial results in recent days, all proving that the market continues to have upward momentum with no signs of a slowdown. Door and window manufacturers Jeld-Wen and Fortune Brands both increased their 2021 outlooks, while distributor Huttig Building Products reported its second consecutive quarter of […]

Huttig Building Products Announces Record First Quarter Net Earnings

May 4th, 2021

Huttig Building Products Inc., a domestic distributor of millwork, building materials and wood products, released its financial results for the first quarter ended March 31, 2021. “The continued execution of our strategy combined with strong demand in residential construction resulted in substantial gains in our first quarter operating results,” said Jon Vrabely, president and CEO. […]

Huttig Building Products Releases Fourth Quarter, Full Year 2020 Financial Results

Mar 5th, 2021

Huttig Building Products Inc., a domestic distributor of millwork, building materials and wood products, has released financial results for the fourth quarter and year ended December 31, 2020. “The momentum we generated through the third quarter of 2020 continued and contributed to our solid fourth quarter results,” said Jon Vrabely, president and CEO of Huttig. […]

Huttig Announces New Director of Product Management

Sep 5th, 2014

Huttig Building Products Inc. has announced that Paul Colliton has rejoined the company as senior director of product management. Colliton was a part of Huttig management team from 1994-2007, holding positions of sales manager, district sales manager, regional director and regional vice president. In his new role, Paul will lead product management and programs around […]