BuildDirect Completes Insourcing of Warehouse Operations in Northeastern United States

BuildDirect.com Technologies Inc. (TSXV: BILD) (“BuildDirect” or the “Company”), a leading omnichannel building material retailer, is pleased to announce that the Company completed a project to consolidate BuildDirect’s third-party warehouse operations in the Northeastern United States and will now insource those operations through a wholly-owned location in Michigan.

This initiative aims to continue to unlock inventory synergies between BuildDirect’s e-commerce and brick-and-mortar businesses and lower fulfillment costs for the Company’s e-commerce operations. As previously announced, BuildDirect will continue to evaluate opportunities to build out its network of warehouses or stores in major U.S. and Canadian markets that provide local products and services for Pros while also fulfilling e-commerce orders.

“While expanding our operations remains a key focus of our business, we also aim to maximize cost-efficiencies by insourcing our warehouse operations,” said Shawn Wilson, CEO of BuildDirect. “BuildDirect has produced five consecutive quarters of positive adjusted EBITDA results and we intend to continue to explore opportunities to improve our profitability by unlocking cost synergies between our e-commerce and brick-and-mortar operations. Moving forward, we will continue to evaluate different synergistic initiatives to achieve cost-savings and improve our bottom-line.”

About BuildDirect

BuildDirect (TSXV: BILD “BuildDirect” or the “Company”) is a growing omnichannel building material retailer. BuildDirect connects North American home improvement B2B and B2C organizations, and homeowners with quality building materials and services through its robust global supply chain network. BuildDirect’s growth trajectory, strong product offering, and proprietary heavyweight delivery network are delivering value today, solidifying its position as an innovative player in the home improvement industry. For more information, visit www.BuildDirect.com.

Source: BuildDirect.com Technologies Inc.