Richelieu acquires fasteners distributor

Richelieu Hardware announced the acquisition of Uscan Industrial Fasteners Ltd., effective June 1. Uscan is an importer and distributor of screws, bolts, and industrial fasteners. It was founded in 1970 in Montreal, where it operates a distribution centre serving the retail market, mainly in Eastern Canada. In a release, Richelieu said the acquisition will strengthen its presence in the retail home improvement channel.