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BuildDirect.com Technologies Inc ( (TSE:BILD) ) has shared an announcement.
BuildDirect.com Technologies Inc. has acquired the operating assets of Greyne Custom Wood Co., an online flooring marketplace business with products placed across major U.S. home improvement e-commerce platforms, for US$450,000 in cash. The deal gives BuildDirect immediate access to hard‑to‑enter U.S. retail marketplace channels, a broader assortment of engineered hardwood and rigid core flooring products, and a U.S.-based fulfillment infrastructure. Greyne generated approximately US$6 million in unaudited sales and US$320,000 in Adjusted EBITDA in fiscal 2025, and BuildDirect plans to integrate logistics, warehousing, and back-office functions to eliminate third‑party logistics costs and other overlaps, targeting about US$405,000 in annual savings. The acquisition is expected to strengthen BuildDirect’s U.S. marketplace presence, accelerate product launches, and enhance operational efficiency as the company continues to pursue growth through targeted acquisitions in the building materials sector.
More about BuildDirect.com Technologies Inc
BuildDirect.com Technologies Inc. is an expanding omnichannel building materials retailer listed on the TSX Venture Exchange and OTCQB, focusing on Pro Centers that act as strategic distribution hubs for professional contractors and trades. The company is growing its North American footprint through a mix of organic expansion and strategic acquisitions aimed at improving efficiency and deepening its presence in the building materials and flooring market.
Average Trading Volume: 3,726
Technical Sentiment Signal: Buy
Current Market Cap: C$132.8M
For an in-depth examination of BILD stock, go to TipRanks’ Overview page.