Rona purchases B.C. plumbing distributor
Financial terms of the acquisition, made through Rona subsidiary Noble, were not disclosed.
The deal will expand Quebec-based Rona’s presence in Western Canada, where MPH operates five locations in Vancouver and the Lower Mainland. Plumbing retailer Better Bathrooms and MPH generate nearly $15 million in sales and have 50 employees.
Michael Storfer, VP commercial division for Rona, said the acquisition will give Rona instant access to a new geographical area in specialized plumbing markets and offer a new territory for opening additional branches or making more acquisitions.
In October Rona announced its intent to “establish a national platform in the commercial and professional market,” and in recent weeks purchased Don Park LP, an HVAC distributor and manufacturer based in Ontario, and Boiseries Signees, a Quebec-based manufacturer of made-to-measure and prefabricated staircases.