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

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  • Woodgrain Acquires Huttig Building Products

    FRUITLAND, Idaho and ST. LOUIS, May 03, 2022 (GLOBE NEWSWIRE) -- Woodgrain Inc. ("Woodgrain") and Huttig Building Products, Inc. ("Huttig,") are pleased to announce that Woodgrain has completed its acquisition of Huttig, a leading distributor of millwork, building materials, and wood products. This acquisition will significantly increase Woodgrain's distribution network, its product offering, and its value-added services. The cash tender offer for Huttig announced on March 28, 2022 expired at 11:59 p.m. on May 2, 2022. Based on information from the depositary for the tender offer, 19,250,622 shares representing approximately 70.4% of the outstanding shares of common stock of Huttig, were

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  • Woodgrain Announces Extension of Tender Offer for Huttig Building Products

    FRUITLAND, Idaho and ST LOUIS, April 25, 2022 (GLOBE NEWSWIRE) -- Woodgrain Inc. ("Woodgrain") today announced that it is extending its previously announced tender offer to purchase all outstanding shares of common stock of Huttig Building Products, Inc. ("Huttig") (NASDAQ:HBP) until 11:59 p.m., New York City time, on Monday, May 2, 2022. As announced on March 28, 2022, Woodgrain commenced, through its wholly owned subsidiary HBP Merger Sub, Inc., a tender offer to purchase all outstanding shares of Huttig for a purchase price per share of $10.70, net to the seller in cash, without interest and subject to any required withholding taxes. The tender offer was previously scheduled to expire

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

    NEW YORK, March 28, 2022 (GLOBE NEWSWIRE) -- Woodgrain Inc. ("Parent") announced today that its affiliate, HBP Merger Sub, Inc. ("Purchaser"), commenced the previously announced cash tender offer for all of the issued and outstanding shares of Common Stock (the "Shares") of Huttig Building Products, Inc. (NASDAQ:HBP) ("Huttig") at a price of $10.70 per share, net to the seller, in cash, without interest and less applicable withholding taxes. The tender offer is being made pursuant to the merger agreement (the "Merger Agreement") executed on March 20, 2022 and announced by Woodgrain and Huttig on March 21, 2022. The $10.70 per share all-cash tender offer is being made pursuant to an Offe

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  • Woodgrain Acquires Huttig Building Products

    FRUITLAND, Idaho and ST. LOUIS, May 03, 2022 (GLOBE NEWSWIRE) -- Woodgrain Inc. ("Woodgrain") and Huttig Building Products, Inc. ("Huttig,") are pleased to announce that Woodgrain has completed its acquisition of Huttig, a leading distributor of millwork, building materials, and wood products. This acquisition will significantly increase Woodgrain's distribution network, its product offering, and its value-added services. The cash tender offer for Huttig announced on March 28, 2022 expired at 11:59 p.m. on May 2, 2022. Based on information from the depositary for the tender offer, 19,250,622 shares representing approximately 70.4% of the outstanding shares of common stock of Huttig, were

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    Capital Goods

  • Huttig Building Products, Inc. Schedules Fourth Quarter 2021 Earnings Call

    ST. LOUIS, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Huttig Building Products (NASDAQ:HBP), one of the nation's largest wholesale distributors of millwork and specialty building products used principally in new residential construction and home improvement, plans to release its fourth quarter 2021 financial results on Wednesday, March 02, 2022 after market close. An earnings call with management is scheduled for Thursday, March 03, 2022 at 10:00 a.m. Central Daylight Time. Participants can listen to the call live via webcast by going to the investor portion of Huttig's website at http://investor.huttig.com. Participants can also access the live conference call via telephone at (866) 238-1641 or (

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  • Huttig Building Products, Inc. Announces Third Quarter 2021 Results

    Third Quarter 2021 Highlights (as compared to prior year quarter): Net sales of $245.3 million compared to $212.7 millionGross margins increased to 23.2% compared to 20.1%Net earnings increased to $18.7 million compared to $6.1 millionTotal liquidity increased to $168.5 million compared to $69.8 millionAdjusted EBITDA increased to $17.5 million compared to $8.5 million ST. LOUIS, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Huttig Building Products, Inc. ("Huttig" or the "Company") (NASDAQ:HBP), a leading domestic distributor of millwork, building materials and wood products, today reported financial results for the third quarter ended September 30, 2021. "Despite the continued challen

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