St. Louis-based Huttig Building Products, Inc. (NASDAQ: HBP), a domestic distributor of millwork, building materials and wood products, announced that its board of directors — consistent with its strategic review process and in consultation with its financial and legal advisors — is evaluating potential strategic alternatives to maximize shareholder value.
Huttig said it has not set a timetable for completion of the review process and does not intend to disclose developments related to the process unless and until the board determines that further disclosure is appropriate or required.
The company has retained Lincoln International as its financial advisor to assist with the strategic review process.
Huttig distributes millwork, building materials and wood products used principally in new residential construction and in-home improvement, remodeling and repair work.
The company distributes products through 25 distribution centers serving 41 states. Huttig’s wholesale distribution centers sell principally to building materials dealers, national buying groups, home centers and industrial users, including makers of manufactured homes.