Richelieu Hardware has purchased Task Tools. The Delta, B.C.-based hand and power tool accessory company, which also has a facility in Brantford, Ontario, represents brands such as Task Signature and Tuf-E-Nuf.
Founded in 1968, Task Tools has been providing leading edge, innovative and unique tool and hardware products to independent retailers, hardware stores, distributors and home supply stores for over 50 years.
Throughout North America Richelieu has been on an acquisition trajectory for many years, buying companies in both Canada and the U.S. Last year, the company acquired The MIBRO Group, a Toronto-based supplier of hardware, hand tools and power tool accessories.
CCC Investment Banking acted as the exclusive financial advisor to Task Tools.