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Rugby Architectural Building Products announces acquisition of Larson Distributing Co., Denver, CO.

Concord, NH, April 25, 2014 - Rugby Architectural Building Products announces the acquisition of Larson Distributing Co., Denver, CO. Founded in 1922, Larson is a distributor of decorative surfacing, cabinet hardware and related products. As part of Rugby, the product lines will be expanded to include architectural wood products, consistent with Rugby’s strategy in all markets. Mike Rook, a veteran of the Denver market, has been appointed General Manager of the Denver operation.

“It has been a pleasure working with John and David Larson and the Larson team to put this opportunity together, and we look forward to building upon Larson’s long-standing, excellent reputation in this key growing western market,” commented David Hughes, Rugby President and CEO.

About Rugby Architectural Building Products

Rugby Architectural Building Products (www.rugbyabp.com) is a full-line wholesale distributor of specialty building products. Its primary business is the wholesale distribution of non-structural architectural grade building products sold principally to customers who supply end-products for the commercial, industrial, retail, residential and institutional markets. The company’s key product offerings include hardwood plywood, composite panels, solid surface countertops, high-pressure laminate, interior and exterior doors and millwork, hardwood lumber, cabinet hardware, mouldings, Rugby brand sinks and faucets, and industrial wood coatings. Value-added services include custom color matching, laminated panels, cut-to-size panels, edge-banding, custom hardwood molding, hardwood lumber ripping and facing, and interior and exterior door pre-hanging. Headquartered in Concord, NH, with over $200 million in annual revenues, the company’s 350 employees serve over 17,000 customers in the largest metro centers in the U.S. with a geographic footprint covering 30 states from 20 distribution facilities servicing markets in Bronx, NY, Moonachie, NJ, Deer Park, NY, Metro Boston, Atlanta, GA, Tampa, FL, Indianapolis, IN, Dallas, TX, Ft. Worth, TX, Houston, TX, San Antonio, TX, Phoenix, AZ, Las Vegas, NV, Los Angeles, CA, Portland, OR, Spokane, WA, Boise, ID, Salt Lake City, UT, Albuquerque, NM, and now, Denver, CO.

Industry Thought Leader David Hughes of Rugby Architectural Building Products Talks Economic Recover

The last several years of economic recovery have been hard on many building material suppliers. Some companies have coped by turning inward, focusing primarily on improving business practices and catching up on necessary technology investments. Rugby exemplifies another option, however, with the company spending the last several years growing by acquisition. Amongst Rugby’s most recent purchases are the Boise, Idaho operations of McKillican American, Inc.; Walden’s Distributing, Inc. in Fort Worth, Texas; and New York-based F. W. Honerkamp Co. Inc. In this interview, Rugby President and CEO David Hughes discusses the success of his company’s different approach to survival in the wake of the recession and shares his insights into the ongoing industry-wide recovery. READ MORE NBMDA

From “Industry Thought Leader David Hughes of Rugby Architectural Building Products Talks Economic Recovery and Expansion”
Information, Inc. (04/07/14)

Rugby purchases the Boise, Idaho operations of McKillican American, Inc.

Concord, NH, February 28, 2014 - Rugby Architectural Building Products announces a strategic exchange of operations, whereby Rugby has purchased the Boise, Idaho operations of McKillican American, Inc., and sold its operations in Reno, NV, to McKillican.

“Boise has been a fantastic market for Rugby beginning with our entrance into the market with the acquisition of the former Lumber Products operations in 2012, followed by our expansion into a new distribution center in 2013, and continuing with this exciting transaction today,” commented David Hughes, Rugby President and CEO. He continued, “We were pleased to work with the executives of McKillican to consolidate operations in a way that is beneficial to both customers and suppliers.”

About Rugby Architectural Building Products

Rugby Architectural Building Products (www.rugbyabp.com) is a full-line wholesale distributor of specialty building products. Its primary business is the wholesale distribution of non-structural architectural grade building products sold principally to customers who supply end-products for the commercial, industrial, retail, residential and institutional markets. The company’s key product offerings include hardwood plywood, composite panels, solid surface countertops, high-pressure laminate, interior and exterior doors and millwork, hardwood lumber, cabinet hardware, mouldings, Rugby brand sinks and faucets, and industrial wood coatings. Value-added services include custom color matching, laminated panels, cut-to-size panels, edge-banding, custom hardwood molding, hardwood lumber ripping and facing, and interior and exterior door pre-hanging. Headquartered in Concord, NH, with over $200 million in annual revenues, the company’s 350 employees serve over 17,000 customers in the largest metro centers in the U.S. with a geographic footprint covering 30 states from 19 distribution facilities servicing markets in Bronx, NY, Moonachie, NJ, Deer Park, NY, Metro Boston, Atlanta, GA, Tampa, FL, Indianapolis, IN, Dallas, TX, Ft. Worth, TX, Houston, TX, San Antonio, TX, Phoenix, AZ, Las Vegas, NV, Los Angeles, CA, Portland, OR, Spokane, WA, Boise, ID, Salt Lake City, UT, and Albuquerque, NM.

Rugby announces the acquisition of Walden’s Distributing, Inc., Fort Worth, TX

Rugby Architectural Building Products announces the acquisition of Walden’s Distributing, Inc., Fort Worth, TX.  Founded in 1962, Walden’s distributes high pressure laminate, cabinet hardware, tools, and accessories to the cabinet manufacturing and woodworking industries.

As part of Rugby, Walden’s Fort Worth distribution center will continue to represent top industry brands including Wilsonart, Salice, Knape & Vogt and many others and will operate in the same location, 5704 Airport Freeway, where it has operated since 1984.  “We are excited about the opportunity to join forces with the Walden’s team. With two locations in the DFW area and additional product offerings, it will allow us to broaden our level of service to our customers,” said Tommy Heard, Rugby Dallas-Fort Worth Regional Manager.”

This expansion marks Rugby’s eleventh acquisition since 2010, through which the company has more than doubled its revenue and customer base and grown to 20 distribution centers across the country.  “Walden’s, an iconic franchise in one of Rugby’s largest revenue markets, gives Rugby great additional market presence in the Dallas/Fort Worth/Arlington metropolitan area, which was number one in the nation in 2012 for population growth,” commented David Hughes, Rugby President and CEO.

Rugby Opens New Oregon Metro Center

Rugby Architectural Building Products announces the completion of its Northwest US consolidation plan with the opening of its new Portland Metro Center, located on Interstate 5 in Wilsonville, OR.

“Success in the era of modern distribution management requires strong execution in productivity, logistics, and inventory availability to achieve class-leading customer order fill rates,” commented David Hughes, Rugby President and CEO, “Rugby assumed short term leases in Eugene and Tualatin, Oregon, and Kent, Washington when we acquired the operations of the former Lumber Products businesses in mid-2012 in order to facilitate a smooth transition to Rugby ownership. Those facilities were unnecessarily close in proximity and have been consolidated into our new state-of-the-art Metro Center in Wilsonville, OR.”

Rugby’s Portland Metro Center is conveniently located at 29899 SW Boones Ferry Rd, Ste 300, Wilsonville, OR, 97070. For more information please contact metro center manager, Randy McComas, 503-692-3322 or rmccomas@rugbyabp.com.

Rugby announces the acquisition of F.W. Honerkamp Co., Inc

Rugby Architectural Building Products, along with its financial sponsor Leading Ridge Capital Partners, announce the acquisition of F. W. Honerkamp Co. Inc., a New York City-based distributor of architectural building products founded in 1871.

F.W. Honerkamp Co. distributes a full line of architectural wood products, decorative surfacing and cabinet hardware. “The Honerkamp family has stood for quality and service for over 140 years, anchored by our strong relationships with our customer and vendor partners. The combination with Rugby positions us ideally for growth into the future,” commented Phil Honerkamp, Honerkamp CEO.

With the addition of Honerkamp’s Bronx, NY distribution center, Rugby will service the greater New York City metropolitan region from three locations situated in Northern New Jersey, Long Island and New York City. “New York City is the largest metropolitan area in the United States with a population base of 20 million,” says Drew Dickinson, Rugby COO. Dickinson continued, “Metro New York has a particularly high density of companies in the woodworking industry, and having such strong distribution in this market will allow us to provide the highest levels of service to our customers.”

This expansion marks Rugby’s tenth acquisition since 2010, through which the company has doubled its revenue and customer base and grown to 21 distribution centers across the country. “F. W. Honerkamp is an iconic franchise in one of the largest US markets for our products,” commented David Hughes, Rugby President and CEO. Hughes concluded, “We are extremely excited to have the outstanding Honerkamp team become part of the Rugby organization”.

About F. W. Honerkamp

In May 1854, Friedrich W. Honerkamp immigrated to America, with his wife, Mary from Melle, Germany to make a new life. They settled in the New York City area and, in 1856, gave birth to Frank W. Honerkamp, the second of four children. Frank W. Honerkamp grew to work with his father in the family business. The company exported cattle to South America and imported lumber and veneer to the United States. With the rapid growth of furniture and woodworking trades in lower Manhattan and Brooklyn, the company shifted its full attention to lumber and veneer.

F.W. Honerkamp Co. Inc. was officially incorporated in New York City in 1871. In the late 1930’s, the third generation joined the company with the increased demand for new plywood panel products and the rapid development of lower Manhattan, F.W. Honerkamp Co. moved to the Bronx and participated in the commercial construction boom of the 1960’s and 1970’s. It was at this time the fourth generation began with the company. Honerkamp moved to the present location in the Bronx in 1981, and remains there to the present day. In the new millennium, the fifth generation has joined the team. In 2001, F. W. Honerkamp Co. made a significant addition when it acquired Central Islip, Long Island laminate distributor, Edgar Sabbeth Plywood – a high pressure laminate distributor with over 31 years experience. In 2011, given the industry downturn, the decision was made to consolidate all operations into the Bronx, but now with the combination with Rugby, operations will resume on the Island in Deer Park, NY.

About Leading Ridge Capital Partners

Leading Ridge Capital Partners, LLC (www.leadingridge.com) is a private equity firm, with offices in Maryland and New York, specializing in acquisitions, recapitalizations, and investments in value-added distribution, logistics, and light manufacturing companies in the lower-middle market. Leading Ridge is comprised of a successful team of operators with a broad array of business experience within the distribution and manufacturing sectors. The team possesses significant operational resources and the leadership experience needed to support rapid yet controlled growth of its portfolio companies.

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