Richelieu Hardware reported its second quarter 2025 financial results on July 10 and announced a total of six acquisitions completed in the first half of its fiscal year, which ended May 31.

The hardware and finishing products distributor and manufacturer completed two acquisitions in the second quarter of 2025 (March-May), following four in the first quarter, bringing the total to six in the first half of the year. On April 1, the company acquired Rhoads & O’Hara Architectural Products, a distributor of architectural panels and related products with operations based in Vineland, NJ. Richelieu acquired Les Industries Camcoat, a Montreal-based distributor of wood finishing products for the industrial market on May 1.

The following four acquisitions were completed in the first quarter of 2025 (Dec-Feb):

• DarMill Supply (Canada): A distributor of hardware and specialty products, acquired on Dec. 1, 2024
• Darant Distributing (Denver, CO): A supplier of specialized hardware, acquired on Jan. 6
• Midwest Specialty Products (Minneapolis, MN): A distributor of decorative surfaces, acquired on Jan. 13
• Modulex Partition (Hillside, NJ): A distributor of Division 10 products, acquired on Feb. 4

The company said these acquisitions strengthened its North American distribution network, particularly in architectural and finishing products. The six acquisitions completed so far in 2025 represent over $53 million in additional annualized sales.

MDM’s 1Q25 M&A Report (store link) 

Richelieu also expanded its Detroit distribution center by more than 50,000 square feet during the second quarter. The company said the expansion supports its network improvement plan and allows for an expanded product offering to meet growing demand. Earlier, the company consolidated two distribution centers in the Vancouver area into a single 140,000-square-foot facility during fiscal 1Q.

“Beyond their contribution to revenue, these acquisitions strengthen our North American distribution network and support the diversification of our market segments, the complementarity of our offering, the creation of synergies and the enhancement of our value-added service,” Richelieu President and CEO Richard Lord said in the company’s financial release. “We remain fully committed to executing our strategies focused on innovation, acquisitions and customer service, the main drivers of our growth.”

Based in Montreal, Richelieu brands itself as a North American importer, manufacturer and distributor of specialty hardware and related products. The company’s main product categories include:

• Furniture, glass and building decorative and functional hardware
• Fasteners and fittings
• Sliding systems solutions
• Decorative and functional panels
• Lighting solutions and accessories
• Finishing and decoration products
• Office accessories
• Kitchen and closet storage solutions
• Surfaces and quartz
• Baluster and railings
• Floor protection products
• Power tools accessories

Richelieu’s footprint spans 65 distribution centers in the U.S., 49 DCs in Canada and three manufacturing plants. Its customer base is comprised 88% of manufacturers and 12% retailers.

The company has over 3,000 employees.

2Q Financial Results

Canada-based Richelieu posted 2Q sales of $374.01 million (USD), up 6.4% year-over-year, including sales of $201.39 million in Canada and $168.1 million in the U.S., up 11.7% year-over-year.

The company noted that the sales growth was driven by both internal expansion and recent acquisitions, with strong performance across all U.S. market segments. Of the total growth, 6.6% was attributed to internal growth and 5.1% to acquisitions.

In the Store: MDM’s U.S. MRO Market Trends Report 

Net profit of $17.15 million (USD) decreased 4.5% year-over-year, while operating profit of $34.53 million likewise declined from 2Q24’s $40.66 million.

Richelieu’s 2Q EBITDA of $40.30 million (USD) increased 2.7% year-over-year, while EBITDA margin of 10.8% declined 40 basis points. The company said EBITDA margin was impacted by the lower margins of recent acquisitions.