 | |
| Company type | Public |
|---|---|
| Industry | Hardware Manufacturing & Distribution |
| Founded | 1968; 57 years ago (1968) |
| Headquarters | Montreal, Quebec ,Canada |
Key people | Richard Lord (President andCEO) |
| Website | www |
Richelieu Hardware is a Canadian specialty hardware distribution and manufacturing company based inMontreal, Quebec. It has two manufacturing plants and 104 distribution centres in Canada and the United States,[1] and is listed on theToronto Stock Exchange.
Richelieu was founded in 1968.[2] Its current CEO, Richard Lord, joined it in 1988, when it had annual sales of $30 million.[3] The company subsequently undertook a significant expansion program, acquiring 50 companies between 1988 and 2014,[4] and was listed on the Toronto Stock Exchange in 1993.[2] By 2008 it had sales of $441 million.[5] In the 2000s, it began focusing on acquisitions in the United States;[3] between 2009 and 2012, half of its acquisitions were there.[6] Between 2007 and 2017,[3] U.S. sales grew from 20% to 36% of its business.[7]
Richelieu's primary business is the distribution of specialty hardware products. Products distributed by Richelieu include cabinet parts (such ashinges), decorative products (such asdoorknobs andmouldings), and kitchen accessories (such ascutlery trays).[2][4] Its primary customers are cabinet, furniture, door, and window manufacturers.[6] It also sells to retail home-improvement centres, such asRona.[6] As of 2018, it has 80,000 customers.[8]
The company has 47 distribution centres in Canada and 57 in the United States, as well as manufacturing plants inLongueuil andNotre-Dame-des-Pins.[1] It has 2700 employees.[8]