Legault Group gains stronger position in Canadian pet retail market
The Quebec-based family business that already owned Mondou expands its position with the acquisition of Ren’s Pets stores.
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.”
“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.”