Richelieu Hardware Ltd., distributor, importer and manufacturer of specialty hardware and complementary products, has announced two new acquisitions in North America and signed an agreement to complete another acquisition.

 
The two recently closed acquisitions add annual sales of approximately $6 million to Richelieu’s revenues and contribute immediately to its earnings.

 
In keeping with its “one stop-shop” strategy, Richelieu has acquired Paint Direct, a distributor of finishing products, stains, lacquers and various other products located in Calgary. This acquisition brings Richelieu’s Canadian network to 30 distribution centres.
In the U.S., Richelieu has acquired Woodland Specialties, distributor of hardware products, high-pressure laminates, finishing products and other complementary products targeted mainly to kitchen cabinet makers and the commercial woodworking segment. The company is based in Syracuse, N.Y. With the acquisition of Woodland, Richelieu penetrates a new geographic market and increases its U.S. distribution network to 18 centres.