Canada-based specialty hardware and complementary products manufacturer and distributor Richelieu reported its 2025 fourth quarter and full year financial results on Jan. 15, which included the disclosure of nine acquisitions made throughout its fiscal year that ended Nov. 30 and a trio of distribution centers shortly after.

For the full year, Montreal-headquartered Richelieu posted total sales of $1.96 billion that grew 7.2% year-over-year — powered by 4.0% organic growth and 3.2% acquisitive growth. EBITDA of $214 million grew 6.2% with margin of 10.9%; net profit of $91 million edged up 1.2%; and operating cash flow improved by $202 million alongside working capital of $624 million (3.3:1 ratio).

• 51.8% of annual sales were in Canada (48.2% U.S.), and 88.7% were from manufacturers (11.3% retailers)

Buffeting the sales increase were those nine acquisitions. Six of them were in the U.S. and three in Canada — with the latter each during 4Q25. 

In Richelieu’s 4Q (September-November), sales of $511 million increased 7.3% year-over-year, including 4.1% organic growth and 3.2% from acquisitions. Net profit of $27 million increased 5.7%; and EBITDA of $59 million increased 9.1% with margin of 11.6%. 

Acquisitions

During 4Q, Richelieu made the following acquisitions:

• Sept. 2: Ideal Security — a Canadian distributor located in the Greater Montreal area, whose specialized hardware products for doors and windows are sold to the hardware retailers and renovation superstores market.
• Oct. 1: Finmac Lumber — a distributor of specialized wood products, located in Winnipeg, in Western Canada.
• Oct. 29: Klassen Bronze — a distributor of a broad range of letters, numbers, mailboxes, signage and keys of all kinds, primarily serving the hardware retailers and renovation superstores market.

On Dec. 12, Richelieu acquired McKillan America’s three distribution centers in Portland, OR; Seattle, WA; and Spokane, WA that specialize in hardware and building materials.

All of that activity followed Richelieu completing six acquisitions during the first six months of its the fiscal year (December 2024-May 2025), two of which were in Canada (Mill Supply and Les Industries Camcoat). The other four were in the U.S.: Darant Distributing (Colorado); Midwest Specialty Products (Minnesota); Modulex Partition (New Jersey); and Rhoads & O’Hara Architectural Products (New Jersey).

Over the 13-month stretch that spanned December 2024-December 2025, those 10 acquisitions added approximately $100 million in combined revenue. The McKillan deal also represented Richelieu’s 100th acquisition in its history.

The deal spree illustrates Richelieu’s strategic leaning into private brands that target the retailer and renovation superstores market. The additions of Ideal Security and Klassen Bronze boost the company’s number of private brands to 10.

“We are maintaining our proactive market development strategy and will continue to invest in value creation in the short and long term,” said Richard Lord, Richelieu President and CEO. “These additions strengthen our position in this strategic segment and fully align with our “one-stop shop” strategy, to the benefit of our partners and customers. They also support the growth of our private brands and exclusive products.”

Lord added that the company’s private brands and exclusive products intended for manufacturers and retailers represent a significant portion of its total sales.