Toronto, ON, May 2--Sears Canada has announced that it has completed the acquisition of Cantrex Group Inc., including its wholly- owned subsidiary Corbeil Electrique Inc.
The acquisition forms part of Sears Canada's plan to further leverage its supply chain services in the furniture and appliances sectors and to provide independent retailers with the opportunity to continue to develop their business within the communities they serve.
Cantrex is Canada's largest buying group for independent merchants in the furniture, appliances, electronics, computers, floor covering and photography equipment sectors with more than 1,000 retail outlets across Canada, and offers the benefits of joint purchasing power and effective high-return marketing strategies. Cantrex has business dealings with more than 400 suppliers throughout North America.
Corbeil Electrique is Canada's largest specialty retailer of quality and innovative appliance products and services with 23 franchised stores and five company-owned stores located throughout the province of Quebec and the Ottawa Valley.
