Huttig Building Products Sells Builder Resource Operations in Kansas City

 McCray Lumber Purchases Merriam and Topeka, Kansas, and Lee's Summit and Liberty, Missouri Branches

ST. LOUIS, Aug. 30 /PRNewswire-FirstCall/ -- Huttig Building Products, Inc. (NYSE: HBP) today announced that it has completed the sale of its operations and certain assets, including inventory and equipment, of its Builder Resource branches located in the Kansas City area to McCray Lumber Company for approximately $6.6 million. Huttig will retain accounts receivable of approximately $8.1 million. Huttig will use the proceeds to reduce debt.

Michael A. Lupo, Huttig's President and Chief Executive Officer, said, "The sale of these one-step branches in the Kansas City area is another important step in our strategy to focus on our core wholesale distribution business. It also gives us the opportunity to enter into and grow a new customer relationship with McCray Lumber, a significant one-step business in the greater Kansas City area, which we can serve from our Kansas City, Missouri wholesale distribution center."