This Montreal-based company has 37 distribution centres in Canada and 31 in the eastern and southern U.S. It has two manufacturing plants in Canada: Cedan Industries Inc., which specializes in making of a wide variety of veneer sheets and edgebanding products, and Menuiserie des Pins Lte., which manufactures components for the window and door industry and a broad selection of decorative moldings.
The stock hit a 52-week high of $43.20 in January. Then Donald Trump was sworn in and the tariff talk, and action, began in earnest. Richelieu imports many of its products so every time a new tariff threat is raised it weighs on the stock. Since the January high, the shares have lost about 17%.