Renin acquires Colonial Elegance

BBX Capital, Inc. announced that its subsidiary Renin Holdings has acquired Colonial Elegance for a deal worth about US$39 million before adjustments for working capital. Montreal-based Colonial Elegance is a supplier and distributor of building products, including barn doors, closet doors, and stair parts, with big box retailers in the United States and Canada among its customers. Renin is a maker and distributor of sliding doors, door systems and hardware, and home decor products.

“We believe the combination of these two businesses will establish Renin as a leader in barn doors and closet doors, support the expansion of the growing door hardware and stair parts business, and provide a promising avenue for continued growth,” Renin CEO Joseph Ruffo said in a release.