Groupe BMR is now a wholly owned subsidiary of the agricultural and agri-food cooperative La Coop federee.

Looking to build on the retail sector, particularly in renovation and hardware, La Coop federee has purchased the remaining shares of the independent retailer group after holding a minority ownership since November 2013.

“BMR is a leader in Quebec and Canada’s retail, renovation and construction sectors,” said Denis Richard, president of La Coop federee. “Uniting our operations strengthens our leadership in the hardware sector.

Groupe BMR’s annual sales total more than $1.4 billion, while its stores employ about 5,000 people. With its head office in Boucherville, Groupe BMR is also present in Ontario, the Maritimes and Saint-Pierre and Miquelon.

“With this partnership, we become the second largest player in Quebec, with a total of 350 renovation centres and hardware stores offering the best products and services in the industry,” added Yves Gagnon, honorary president of Groupe BMR. “This is great news for our clients, retailers and employees alike.”