Hardwoods Distribution (TSE:ADEN)

Hardwoods Distribution Inc. is a world-class distributor of architectural building products operating under multiple brands across North America. They are uncompromising in their commitment to be the preferred choice for their valued customers, the best partner for their vendors, and a great place to work for their valued employees.

HDI employs over 3,000 dedicated employees and maintains a pronounced professional and entrepreneurial sales and services culture. They operate from 88 locations across North America with approximately 90% of their annual sales generated in the United States and 10% in Canada.

HDI sells decorative surfaces and composite panels, hardwood plywood, high-grade hardwood lumber, and other architectural building products to industrial manufacturing customers across North America. Core to their product philosophy is the protection of the environment.

They embody this by manufacturing or distributing only wood products made from legally harvested forests and meeting and or exceeding industry and government regulatory guidelines. They estimate that approximately half of the products they sell to industrial manufacturers end up in residential construction applications. Approximately 30% reside in the commercial/institutional construction sector, and the remainder in other markets.

Hardwoods Distribution is built around renewable and recyclable resources and are active in their efforts to minimize their environmental impact in addition to providing products that are recognized for contributions to sustainability. HDI works hard to reduce the environmental impact of their operations through waste prevention.

Both paper and aluminum recycling programs are standard practice, as is electronic invoicing, which reduces their requirement for paper and the use of fossil fuels in the delivery of those invoices. Their distribution centers seek only to purchase consumable paper products made from post-consumer, recycled, or Forestry Stewardship Council (FSC) fiber, and all cardboard cover sheets are made from 100% recycled cardboard.

They look for vendors whose products have been certifies through a third party. Global and local communities vastly benefit from well managed forests, and HDI understand that the decisions they make in how they conduct their business and where they source products, also implies a social and economic responsibility to the people and communities that live in those regions. For this reason, the company asks that their foreign manufacturers supply them a statement of compliance with all government regulations regarding fair wages and labor unions’ rights to collective bargaining, as well as contribute to the laborer’s social insurance benefit programs as enforced by their local governments.

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