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.

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