Richelieu Hardware Acquires TASK TOOLS

Richelieu Hardware has acquired TASK TOOLS. TASK distributes power tool accessories and related products to retailers in Canada and the U.S. from two centres in British Columbia and Ontario. Richard Lord, president and CEO of Richelieu, says this ‒ and the acquisition of Mibro in 2020 ‒ strengthens its presence in these product lines. Founded in 1968, its brands are TASK Tools, TASK Signature, and Tuf-E-Nuf tools. Richelieu also acquired two Canadian distributors. These acquisitions combined would bring additional annual sales of approximately $36 million. In addition, it added a distribution centre in Rochester, NY, its fifth centre in this strategic market.