MONTRÉAL (BRAIN) — Canadian sporting goods distributor Raymond Lanctôt Ltd. has acquired British Columbia-based cycling distributor NRG Enterprises.
"This acquisition provides us with a solid foundation to grow our bike division" Lanctôt president Diane Lanctôt said. The company launched its bike division last fall.
Founded in 1989, NRG is a rider-owned cycling distribution company based in Nelson, British Columbia. It currently distributes Surly, Chromag, Ortlieb, Maxxis, Hope, HT, Early Rider, MRP, Küat, 7iDP, USWE, Orange Seal, Huck Norris, Red Monkey, WPL and Sensus to Canadian dealers.
"Lanctôt operates from a state-of-the-art 60,000-square-foot facility in Montréal, and we want to add some of our resources to NRG to make it easier for dealers to do business with them" said Jean Cloutier, Lanctôt's vice president of operations.
Ramin Sherkat, NRG's outgoing owner, said, "There is an exciting future for NRG with this acquisition. Lanctôt's financial, IT and warehousing resources will combine with NRG's core cycling culture to create a new powerhouse in Canadian cycling distribution."
