Richelieu Hardware is a Canadian specialty hardware distribution and manufacturing company based in Montreal, Quebec. It has two manufacturing plants and 104 distribution centres in Canada and the United States, and is listed on the Toronto Stock Exchange. Richelieu was founded in 1968. Its current CEO, Richard Lord, joined it in 1988, when it had annual sales of $30 million. The company subsequently undertook a significant expansion program, acquiring 50 companies between 1988 and 2014, and was listed on the Toronto Stock Exchange in 1993. By 2008 it had sales of $441 million. In the 2000s, it began focusing on acquisitions in the United States; between 2009 and 2012, half of its acquisitions were there. Between 2007 and 2017, U.S. sales grew from 20% to 36% of its business. More information...
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