Richelieu Hardware acquires The Penrod Company’s hardware division
September 2, 2026
Richelieu Hardware Ltd. announced it has acquired the hardware division of The Penrod Company, a U.S. distributor of commercial and residential door hardware and related components. The deal is expected to add approximately US$70 million in annual sales and strengthen Richelieu’s presence in the United States and its door-industry customer base across North America.
- Buyers
- Richelieu Hardware Ltd.
- Targets
- The Penrod Company (hardware division)
- Sellers
- The Penrod Company
- Industry
- Industrial Services
- Location
- United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Murphy Door Acquires Merrill Hardwoods Division (MHD)
July 20, 2026
Manufacturing
Murphy Door, Inc. announced the acquisition of Merrill Hardwoods Division (MHD), a hardwood manufacturing company based in Rigby, Idaho. The deal brings a 22,500 sq. ft. manufacturing facility, manufacturing equipment, and a ~10-person team, with plans to double headcount within 12 months.
-
Richelieu Hardware Completes 10 North American Acquisitions, Including Ideal Security and Klassen Bronze
January 16, 2026
Building Products
Montreal-based Richelieu Hardware Ltd. completed ten acquisitions across Canada and the United States during fiscal 2025, adding roughly $100 million of annual sales and marking the 100th acquisition in the company's history. Transactions announced included the purchase of Ideal Security (Greater Montreal), Finmac Lumber (Winnipeg), Klassen Bronze (New Hamburg) and three distribution centres from McKillican American (Portland, Seattle and Spokane), among others, expanding Richelieu's private-brand portfolio and North American distribution footprint.
-
Richelieu Hardware Acquires Midwest Specialty Products, LLC
April 15, 2025
Building Products
Richelieu Hardware has acquired Midwest Specialty Products, LLC, a Shakopee, Minnesota-based distributor of premium countertop and surface solutions. The acquisition closed January 13, 2025 and was advised by Generational Group. The deal expands Richelieu's product offering in stone slabs and strengthens its distribution footprint in the U.S. Midwest.
-
Preformed Line Products (PLP) Acquires Fonderie Richelieu
June 28, 2022
Manufacturing
Preformed Line Products Company's Canadian subsidiary, PLP Canada, has acquired Fonderie Richelieu Inc., a Delson, Quebec-based supplier of cast aluminum components. Operations will be moved into PLP Canada's Montreal facility and Fonderie Richelieu's founder and team will join PLP Canada as PLP expands local manufacturing and adds aluminum casting capability to support Canadian energy and communications markets.
-
Tramec Sloan Acquires Penz Products, Inc.
January 4, 2022
Manufacturing
Tramec (a portfolio company of High Street Capital with support from Wells Fargo Strategic Capital) has acquired Penz Products, Inc., a designer and manufacturer of vent doors, fenders, and trailer landing gear components. Penz will be integrated into Tramec Sloan, expanding Tramec Sloan's manufacturing capabilities in metal forming, robotic welding, thermoforming and urethane foaming to better serve heavy-duty trailer OEM and aftermarket customers.
-
Specialty Product Hardware Acquires Ontario Commercial Doors Ltd.
December 3, 2020
Building Products
Specialty Product Hardware Ltd. (SPH) has acquired Ontario Commercial Doors Ltd., a Toronto-based manufacturer and supplier of industrial and commercial doors. The deal — terms undisclosed — expands SPH's supply, distribution and commercial door offerings across Ontario and follows the retirement of Ontario Commercial Doors' founder Charles Malone.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.