Richelieu boosts Q1 sales

MONTREAL — Richelieu saw Q1 consolidated sales reach $195.9 million, compared with $188.9 million for last year’s first quarter, historically one of the weakest. The 3.7% increase included a 2.3% gain from internal growth, and 1.4% from acquisitions. In Canada specifically, the company logged $125.6 million in sales, increasing by 4.5% from the same period last year. Sales to manufacturers amounted to $98.4 million, against $95.7 million a year ago. Sales to hardware retailers and renovation superstores grew to $27.2 million, up by $2.7 million or 11%.