Richelieu Completes Acquisitions

Richelieu Hardware completed four acquisitions in Canada in January – Rabel Hardware, a specialty hardware distributor in Terrebonne, QC; Trans-World Distributing, a distributor of industrial fasteners in Dartmouth, NS; and Unigrav and Usimm, companies offering custom products including a 3D scanning centre for the architectural and industrial market, located in Drummondville and Montreal, QC. Subsequent to the end of the quarter, it acquired Maverick Hardware, a specialty hardware distributor based in Eugene, OR, reinforcing its presence in a market where it has a distribution centre. The expansion and modernization projects it has undertaken at several of its U.S. centres are progressing on schedule, namely in Atlanta, GA; Nashville, TN; Pompano, FL; Seattle, WA; and the brand-new Chicago, IL, centre. The Fort Myers, FL, centre, where the corporation moved its operations to a new location, is now operational as are its new centres in Carlstadt, NJ, and Minneapolis, MN. In the Calgary, AB, area, it will consolidate two of its centres at the end of the year and set up a premier showroom while increasing its service capacity in western Canada.