Dick's Lumber, one of Canada's leading home improvement retailers operating or servicing some 425 corporate and affiliated stores, has completed the acquisition of ZyTech Building Systems, a leader in the manufacturing and distribution of building components and engineered wood products. This is the first strategic acquisition for Dick's Lumber under the ownership of private equity firm Sycamore Partners.
This transaction will allow Dick's Lumber to expand its design and manufacturing footprint to better serve developers and builders in Western Canada. The combined business will bring valuable resources to both companies and will deliver more value to customers via strengthened capabilities, increased product availability, and best-in-class talent.
"We are thrilled to welcome the ZyTech team to the Dick's Lumber and RONA families," explained Andrew Iacobucci, CEO of RONA inc. "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."
"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," said Paul McKeown, President of Dick's Lumber. "The combination of these highly complementary businesses will benefit all stakeholders, including ZyTech's dedicated employees. We are excited to begin this next chapter under RONA's ownership," added Mike Powell, President and CEO of ZyTech Building Systems.
