Noble, one of Canada’s largest distributors of PHCP supplies, has embarked on an expansion strategy that includes U.S. distributors.
Noble, one of Canada’s largest distributors of PHCP supplies,
embarked on an expansion strategythat includes U.S. distributors. "We're
hoping to have an acquisition in the United States in 2011," said Noble PresidentMichael
indicated proximity to Noble's Canadian operations isn't crucial.
comfortable just finding the right company with the right management team to do
it," Storfer stated. He added they aren't put off entering the U.S. market at
a time when the country is battered by a housing crisis. "Sometimes the
greatest opportunities are in markets that have hit the bottom."
which currently has 23 plumbing branches in Ontario, recently signed an agreement to
acquire the assets of $90 million Canadian HVAC distributor
Don Park Inc.Noble is owned by Canadian home
improvement retailer Rona Inc. The Quebec-based company is trying to offset
challenges to its retail business from lagging consumer confidence and
heightened competition by adding independent stores and expanding its trades
transaction has been finalized and, pending regulatory approvals, is expected
to close by late 2010.
Canada's Noble Looking To Buy U.S. Distributors
October 11, 2010