Richelieu makes a new acquisition in Canada

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[{"type":"text","content":"\n\n\nMONTREAL, Sept. 4, 2013 /CNW Telbec/ - Richelieu Hardware Ltd. (TSX:\n RCH) is pleased to announce that it has acquired the net assets of Hi-Tech\n Glazing Supplies. This Vancouver-based distributor of door and window\n hardware serving the British Columbia market, realizes sales of\n approximatively $5 million.\n\n\nThis acquisition will enable Richelieu to enlarge its offer with\n products that feature in its short-and long-term strategy, in addition\n to reinforce its position in a specialized client base. \n\n\nProfile as at September 4, 2013\n\n\nRichelieu is a leading North American distributor, importer and\n manufacturer of specialty hardware and complementary products. Its\n products are targeted to an extensive customer base of kitchen and\n bathroom cabinet, furniture, and window and door manufacturers plus the\n residential and commercial woodworking industry, as well as a large\n customer base of hardware retailers, including renovation superstores.\n Richelieu offers customers a broad mix of high-end products sourced\n from manufacturers around the world. Its product selection consists of\n 100,000 different items targeted to a base of some 70,000 customers who\n are served by 62 centres in North America - 35 distribution centres in\n Canada, 25 in the United States and two manufacturing plants in Canada,\n specifically Cedan Industries Inc. which specializes in the manufacture\n of a wide variety of veneer sheets and edgebanding products and\n Menuiserie des Pins Ltée which manufactures components for the window\n and door industry and a broad selection of decorative mouldings.\n\nSOURCE: Richelieu Hardwood Ltd.\n\n\n Richard Lord  President and Chief Executive OfficerAntoine Auclair Vice-President and Chief Financial Officer Tel: (514) 336-4144 www.richelieu.com Copyright CNW Group 2013","length":2602,"tagName":"div"}]

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