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
Location
United States
Transaction Type
Buyout

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