1847 Provides Further Detail On Previously Completed Sale Of High Mountain Door & Trim Division; Reports Sale Price Of ~$17M, More than Double The Original Purchase Price

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1847 Holdings LLC

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1847 Holdings LLC ("1847" or the "Company") (NYSE:EFSH), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, today provided further detail on the previously announced, successful sale of High Mountain Door & Trim Inc. ("HMDT"), a division of 1847 Cabinets, to Builders FirstSource, Inc., the largest U.S. supplier of building products, prefabricated components, and value-added services to the professional market segment for new residential construction and repair and remodeling. The Company reports it completed the sale for approximately $17 million, more than double the original purchase price.

Based in Reno, Nevada, and founded in 2014, HMDT specializes in finished carpentry products and services. The sale agreement includes a working capital adjustment and other standard terms. 1847 plans to reinvest part of the proceeds to continue its strategy of identifying, operating, and selling undervalued assets.

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