Ontario-based Ren’s Pets, which operates 35 stores, has been acquired.
The new owner is Legault Group, the Quebec-based company that owns Mondou stores.
Financial terms of the deal were not disclosed.
The transaction “will allow both companies to combine their strengths and accelerate their growth in Canada by opening new stores through an agile and flexible approach,” said Martin Deschênes, CEO of Legault Group.
Read the press release:
MONTREAL — Legault Group, the Quebec-based family business that owns Mondou stores, is proud to announce the acquisition of Ren’s Pets, a pet supply retailer based in Guelph, Ontario. The company acquires 100% of the shares of Ren’s Pets. This is Legault Group’s first acquisition outside of Quebec.
Founded in 1975 in Oakville, Ontario, Ren’s Pets is growing rapidly and now has 35 stores, 31 in Ontario, two in New Brunswick and two in Nova Scotia, as well as a distribution centre in Guelph. In the past few months, the company has opened three stores 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.
“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, Chief Executive Officer 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.”
“We are proud to join Legault Group and combine our strengths with the Mondou store network in order to pursue our development. We share common values with this respected team in the Canadian industry such as customer service excellence and a commitment to the community and the well-being and health of animals,” added Scott Arsenault, President of Ren’s Pets. “We are confident that this transaction will be beneficial not only to both banners, but also to all Canadian consumers who care about their pets.”
About Legault Group
Legault Group is a vertically integrated, family-owned Quebec company specializing in food and accessories for pets, notably through the Mondou chain of stores. With its Canada-wide retail network, multiple brands and local manufacturing facilities, Legault Group is the country’s reference in this sector.
About Ren’s Pets
Ren’s Pets carries the largest selection of pet supplies, including pet food, treats and toys for your Pet’s Best Life. Ren’s is an industry leader in high-quality professional grooming supplies. The Ren’s promise guarantees knowledgeable staff will help you find the best food for your pet. The Ren’s Reward program lets you earn free food and redeem points online or in-store. For more information, visit www.renspets.com.
About Mondou
Since 1938, Mondou has been a Quebec brand offering products, services and advice for the well-being and health of animals. Since the Legault family acquired this Quebec flagship in 1983, the number of stores has grown from one to 74, thanks to the exceptional commitment of its passionate employees, who now number nearly 1,100 across Quebec. Much more than a pet food store, Mondou stands out for the expertise of its team of experienced consultants and its commitment to not selling animals. With animal welfare at the heart of its values, Mondou is strongly committed to partner organizations and works to advance the animal cause through numerous initiatives. For more information, visit www.mondou.com.
Advertisement
