Legault Group, a Quebec, Canada-based family business that owns Mondou pet stores, has acquired Ren’s Pets, a pet supply retailer based in Guelph, Ontario, Canada. The company is acquiring 100 percent of the shares of Ren’s Pets. This is Legault Group’s first acquisition outside of Quebec, said company officials.
“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, CEOof 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.”
Founded in 1975 in Oakville, Ontario, Canada, 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 center in Guelph, officials said. In the past few months, the company has opened three stores and plans to open three more by the end of the year, officials added. It employs close to 500 people and also has a transactional website for online orders that it ships across the country.
“We are proud to join Legault Group and combine our strengths with the Mondou store network in order to pursue our development. 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,” said Scott Arsenault, president of Ren’s Pets. “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.”
The partnership holds significant growth potential for both pet retailers due to the growing popularity of the pet market in Canada, particularly over the past 18 months, officials said.
“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,” said 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.”
Mondou and Ren’s Pets will continue to pursue their multi-channel distribution strategy, including stores and online sales, in order to meet the ever-changing needs of their customers, officials added.