Richelieu Acquires Three Window and Door Hardware Distributors

April 5th, 2019 by Editor

Saint Laurent, Quebec-based Richelieu Hardware has acquired Lion Industries, Blackstone Building Products, and Truform Building Products, three specialty hardware distributors serving window and door manufacturers in Western Canada and Ontario, since the start of 2019. In doing so, Richelieu is seeking to “reinforce their presence” in the door and window market and increase sales.

These acquisitions went through despite generally weaker first quarter financial results, especially this year, that were affected by lower sales in the hardware retailers and renovation superstores market coming from the company’s retailer customers’ inventory realignment, “which have not shown sales growth.”

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