Richelieu adds dealers in GTA
By Patrick Flannery
In comments on a shareholder call, Richelieu CEO Richard Lord reported the St. Laurent, Que.,-based hardware manufacturer acquired Decotec and Mibro in December 2019. They operate mostly in GTA and Lord said the move would allow Richelieu to “strengthen our activities in markets where we already are.” Richelieu also added O’Harco in February, which operates three centres in Nebraska, Iowa and South Dakota. Lord said the three acquisitions represent sales of approximately $60 million on an annual basis and should result in sales synergies. Richelieu is now up to 82 centres in North America.