Richelieu Sales Grow In Canada

In Canada, Richelieu Hardware recorded sales of $230.5 million, an increase of $37.3 million or 19.3 per cent over the first quarter of 2021. Of this, 13.2 per cent from internal growth and 6.1 per cent from acquisitions. Sales to manufacturers amounted to $186.7 million compared with $153.2 million in the first quarter of 2021, an increase of 21.9 per cent with 17.7 per cent from internal growth and 4.2 per cent from acquisitions. Sales to hardware retailers and renovation superstores grew to $43.8 million, up $3.8 million or 9.5 per cent, mostly resulting from  acquisitions. First-quarter net earnings grew by 44 per cent.