Richelieu Hardware Acquires Hardware Division of The Penrod Co.
MT newswire2026/09/03 10:20Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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06:20 AM EDT, 09/03/2026 (MT Newswires) -- Richelieu Hardware (RCH.TO) has acquired the hardware division of The Penrod Co., a US distributor specializing in commercial and residential doors hardware. The acquisition represents an additional $70 million in annual sales for Richelieu, the company said Wednesday. The deal also strengthens the company's presence in the US, including among door manufacturers, contractors and those in the construction industry.
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