TIM-BR MART GROUP Announces Sale of Chalifour's Hardlines Assets to Orgill
 TIM-BR MART Group ("TIM-BR MART") announced the sale of the hardlines assets of its distribution arm, Chalifour Canada Ltd. ("Chalifour Canada") to Orgill Canada Hardlines, ULC. ("Orgill Canada"), a wholly owned, Canada-based subsidiary of Orgill, Inc. of Memphis, Tenn. The transaction is subject to government regulatory review."The strategic alliance resulting from this transaction will offer both our membership and the Canadian independent at large, many competitive advantages; they will have access to a Canadian hardlines distribution solution that will offer an expanded product selection, combined hardware buying power, hardlines security of supply, and international import opportunities," says Bernie Owens, president of the TIM-BR MART Group. "Ultimately, the alliance will provide the independent building material and hardware entrepreneur with a solid foundation to better compete every day against the growing box store formats in Canada." "Orgill Canada Hardlines will combine the best of both Chalifour and Orgill," says Ron Beal, chairman, president, and CEO of Orgill, Inc. "The new company will service the Canadian independent hardlines retailer, and will not offer a separate banner. Our goal is to be inclusive rather than exclusive, and we will focus on providing a unique mix of products, competitive pricing, and cutting edge services to help the independent retailer profitably compete in his or her local market throughout Canada." Orgill Canada’s acquisition of the assets will include their complete ownership and operation of Chalifour Canada’s London, Ont. distribution centre, as well as the ownership of the hardware inventory in Chalifour Canada’s Surrey, B.C. facility. TIM-BR MART will maintain ownership and operation of their lumber and building material (LBM) distribution centre in St-Nicolas, Que. and continue to operate their Surrey facility, including Orgill Canada’s hardlines offering from that location. Orgill Canada will ultimately integrate Orgill, Inc.’s current Canadian operations into the London facility. About TIM-BR MART Group In operation since 1967, TIM-BR MART Group is Canada’s buying group of choice for independents. It is a member- owned organization serving building material and hardware retailers, commercial dealers and manufacturers. TIM-BR MART Group exists to help Canadian entrepreneurs involved in the sale of building materials and hardware be more profitable. For more information, visit www.timbermart.ca. About Orgill, Inc. Headquartered in Memphis since 1847, Orgill, Inc. operates five modern distribution facilities in the U.S., a stocking flow-through centre in Canada, and three export consolidation centres. Customers in all 50 states, 10 Canadian provinces, and over 60 countries throughout the world are serviced from the Orgill distribution network. In addition to its distribution capabilities, Orgill, Inc. is recognized as an industry leader for its development of innovative retail programs and services that are designed to fulfill a simple mission – help its customers be successful. For more information, visit www.orgill.com. Media Contacts: Alexandra Kazan, Corporate Messaging Specialist Phone: 905-671-2424 ext. 3050 Email: alexandrakazan@hotmail.com Kristyl Lawson, Director of Executive Administration and Communication Phone: 901-754-8850 ext. 564 Email: kristyll@orgill.com |
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