Acquiring Company
Richelieu Hardware Ltd
Acquired Company
The Penrod Company
Montreal
United StatesFinancial Servicesbuilding materialsManufacturingDescription
Richelieu Hardware Ltd. has acquired the hardware division of The Penrod Company, enhancing its presence in the U.S. market. This strategic acquisition adds approximately US$70 million in annual sales. The move strengthens Richelieu's relationships with industry professionals and improves service capabilities across North America. The acquisition aligns with Richelieu's growth strategy.
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M&A Insights
Based on deal dataFrequently asked
Who acquired The Penrod Company?
The Penrod Company was acquired by Richelieu Hardware Ltd, based in Montreal. The deal was reported on September 17, 2026. Richelieu Hardware Ltd. specializes in the distribution of hardware and renovation products. The company serves various markets, including retail and industrial sectors in North America. Richelieu Hardware Ltd is privately held and operates in Financial Services.
When did Richelieu Hardware Ltd acquire The Penrod Company?
Richelieu Hardware Ltd's acquisition of The Penrod Company was reported on September 17, 2026. Richelieu Hardware Ltd. has acquired the hardware division of The Penrod Company, enhancing its presence in the U.S. market. This strategic acquisition adds approximately US$70 million in annual sales. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does The Penrod Company do?
The Penrod Company has a history spanning over a century and serves the door hardware and components market for more than 35 years. It is privately held, operating in Manufacturing, and is based in United States.
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