About Richelieu Hardware

Richelieu Hardware Ltd. manufactures, imports, and distributes specialty hardware and complementary products in North America. In 2019, the company acquired Blackstone Building Products Inc., a specialty hardware distributor serving a clientele of door and window manufacturers in Ontario. In 2019, the company acquired Truform Building Products Inc., a specialty hardware distributor serving a clientele of door and window manufacturers, In 2019, the company acquired Euro Architectural Components Inc., a distributor operating two distribution centers (Toronto, Ontario and Montreal, Quebec) in the stair and railing components, stainless steel and architectural and glass hardware markets. Distribution Activities The company’s customer base includes kitchen and bath cabinets, furniture, doors and windows and commercial and residential cabinet manufacturers, residential and commercial woodworkers and hardware retailers, including renovation superstores. In serving such markets, the company continuously monitors its product line, so as to emphasize products and to eliminate unprofitable slow moving product lines. The main product categories carried by the company comprise: Functional cabinet hardware and assembly products for manufacturing of kitchen cabinets and furniture, including traditional and concealed cabinet door hinges, drawer slides, sliding door systems, screws, fittings, swivels, lighting products, brackets and other related hardware products and specialized tools sourced from international manufacturers; Decorative hardware products, such as handles, knobs and mouldings available in a variety of styles, finishes and sizes; High pressure laminates in various colours and types of finishes, including decorative high pressure laminates, craftwood veneers, solid surfaces for countertops, decorative tambours, adhesives and related mouldings and panels; Decorative and functional panels which include particle boards, melamine panels and medium density fiber panels (MDF); Veneer sheets and edge banding products in wood, melamine or polyester and in a range of finishes and sizes; Kitchen accessories including storage systems, cutlery trays, sinks, Lazy Susans, towel racks, pull out storage and pantry systems, decorative kitchen accessories, waste bins and working surfaces; Closet storage solutions; Finishing products, such as lacquers, stains and varnishes; Glass, railing, baluster and related hardware products; Floor protection products; Ergonomic workstation components; Marker boards and Tackboards; and Door and window components Marketing The company’s client base of approximately 80,000 active customers is served through 39 sales locations across Canada, 36 sales locations across the United States, the web www.richelieu.com website, and two manufacturing plants in Canada. Of this total, approximately 68,800 customers are manufacturers of kitchen and bathroom cabinets, furniture, doors and windows manufacturers, or residential and commercial woodworkers. The other accounts are consists mainly of retailers, including large renovation superstores. In 2019, 28% of the company’s total sales originated from Eastern Canada, 20% from Ontario, 18% from Western Canada and 34% from the United States or abroad. Suppliers The company provides its customers with an assortment of products sourced directly from manufacturers worldwide. History Richelieu Hardware Ltd. was founded in 1968.

Country
Industry:
Hardware
Founded:
1968
IPO Date:
07/27/1993
ISIN Number:
I_CA76329W1032
Address:
7900 Henri-Bourassa Boulevard West, Montreal, Quebec, H4S 1V4, Canada
Phone Number
514 336-4144

Key Executives

CEO:
Lord, Richard
CFO
Auclair, Antoine
COO:
Data Unavailable