Mondou pet stores, owned by Legault Group, has acquired a pet supply retailer Ren’s Pets, based in Guelph, Ontario, Canada. The company has acquired 100 percent of the shares of Ren’s Pets making this the first acquisition outside of Quebec for Legault Group.
“This transaction is part of Legault Group’s growth plan, which is based on expanding our activities in Canada through acquisitions and partnerships focused on innovation,” said Martin Deschênes, CEO of Legault Group. “It will allow both companies to combine their strengths and accelerate their growth in Canada by opening new stores through an agile and flexible approach.”
Ren’s Pets, founded in 1975 in Oakville, Ontario, Canada, is growing rapidly and has 35 stores including 31 in Ontario, two in New Brunswick and two in Nova Scotia, as well as a distribution center in Guelph. The company opened three stores this year and plans to open three more by the end of the year. It employs close to 500 people and also has a transactional website for online orders that it ships across the country.
Mondou and Ren’s Pets will continue to pursue their multi-channel distribution strategy, including stores and online sales, in order to meet the ever-changing needs of their customers, officials added.
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