MONTREAL, CANADA — The Québec-based owner of Mondou stores, Legault Group, announced July 30 it has fully acquired Ren’s Pets, a Guelph, Ontario-based pet supply retailer. The move marks Legault Group’s first acquisition outside Québec.
“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.”
Ren’s Pets was founded in Oakville, Ontario in 1975. The company currently operates 35 stores, including 31 locations in Ontario, two stores in New Brunswick and two in Nova Scotia. It also runs a distribution center in Guelph and an e-commerce platform that can ship product throughout Canada.
The retailer has opened three new stores over the last few months and plans to open three more by the end of 2021, Legault Group shared. Overall, Ren’s Pets employs approximately 500 people.
“We are proud to join Legault Group and combine our strengths with the Mondou store network in order to pursue our development,” said Scott Arsenault, president of Ren’s Pets. “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. 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.”
Together, Mondou and Ren’s Pets stores will leverage a multi-channel strategy to meet pet owners’ “ever-changing needs,” Legault Group stated. Mondou currently operates 74 stores and employs nearly 1,100 people in Québec. The pet retail chain is largely focused on pet food and pet accessories.
“It is very important for us to preserve the unique character of Ren’s Pets and respect the original concept that has made the company’s success and reputation for over 40 years,” explained Jules Legault, president and co-owner of Legault Group. “This acquisition therefore represents collaboration and continuity for Ren’s Pets, since the brand and all the personnel, including the current management team, will remain in place.”
Legault Group is vertically integrated and family owned.
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