Dick’s Lumber, a banner of home improvement retailer RONA, has completed the acquisition of ZyTech Building Systems for an undisclosed amount.
ZyTech Building Systems manufactures and distributes building components and engineered wood products for the construction industry.
Among others, the company creates premium quality trusses, floor systems, wall panels and stairs.
The acquisition will enable the company to expand its design and manufacturing operations to address growing demands in Western Canada.
RONA said that the combined business will deliver more value to customers by strengthening capabilities and increasing product offerings.
ZyTech hopes the combination will benefit all stakeholders, including its dedicated employees.
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Dick’s Lumber president Paul McKeown said: “ZyTech is known for providing customers with superior service and high-quality products. We are looking forward to better serving our customers through the combined Dick’s Lumber and ZyTech enterprise.
This is the first acquisition for Dick’s Lumber after private equity firm Sycamore Partners acquired Lowe’s Canadian retail business in February this year. The business is now operating under the name RONA.
Headquartered in Boucherville, Québec, RONA operates 450 corporate and affiliate stores under different banners, including Dick’s Lumber, RONA, Réno-Dépôt and Lowe’s.
RONA CEO Andrew Iacobucci said: “We are thrilled to welcome the ZyTech team to the Dick’s Lumber and RONA families. ZyTech is a very strong player in its field. This acquisition will strengthen our position in the Alberta and Saskatchewan markets and improve how we serve our valued customers.”