Canadian Distributor Shnier Recapitalized
Cleveland, OH, March 4, 2013 -- Private equity firm Blue Point Capital Partners said flooring distributor Shnier has been recapitalized.
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Shnier is the largest full-service distributor of floor coverings in Canada, selling proprietary and branded products and programs spanning all flooring categories through an established base of independent retailers.
Blue Point said its investment in Shnier is focused on leveraging Blue Point’s operating resources and experience to optimize Shnier's supply chain and begin an acquisition campaign to add revenues.
Founded in 1938, sells and services over 4,000 residential and commercial flooring customers. Shnier is headquartered in Brampton, Ontario, and operates five warehouse, sales office and showroom facilities across Canada.