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M&A Deal Summary

Canadian Tire Acquires Padinox

On May 10, 2017, Canadian Tire acquired consumer products company Padinox

Acquisition Highlights
  • This is Canadian Tire’s 1st transaction in the Consumer Products sector.
  • This is Canadian Tire’s 3rd transaction in Canada.
  • This is Canadian Tire’s 1st transaction in Prince Edward Island.

M&A Deal Summary
Date 2017-05-10
Target Padinox
Sector Consumer Products
Buyer(s) Canadian Tire
Deal Type Add-on Acquisition

Target

Padinox

Winsloe, Prince Edward Island, Canada
Padinox, Inc. the company which owns the Canadian rights to the Paderno brand. Paderno is a well-known kitchenware brand with strong roots in Canada and holds a reputation for excellence in craftsmanship and quality. This brand, coupled with Canadian Tire's strength in product development and marketing, will play a central role in Canadian Tire's new cooking innovations and expanded Kitchen assortment.

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Buyer(S) 1

Buyer

Canadian Tire

Toronto, Ontario, Canada
Category Company
Founded 1922
Sector Retail
Employees13,973
Revenue 16.4B CAD (2024)
DESCRIPTION

Canadian Tire offer products and services that help Canadians live active, healthy lives and our store network and staff connect communities from coast-to-coast. Canadian Tire was incorporated in 1922 and is based in Toronto, Ontario.

DEAL STATS #
Overall 3 of 4
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 4
State: Prince Edward Island M&A 1 of 1
Country: Canada M&A 3 of 3
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-18 FGL Sports

Calgary, Alberta, Canada

FGL Sports Ltd. is the largest and only national sporting goods retailer in Canada.

Buy $797M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-10 Helly Hansen

Oslo, Norway

Helly Hansen develops professional-grade apparel that helps people stay and feel alive. Within its core categories of sailing, skiing, mountain, urban, rainwear, and workwear, Helly Hansen designs and delivers products used by professionals and outdoor enthusiasts around the world. Helly Hansen was formed in 1877 and is headquartered in Oslo, Norway.

Buy $985M
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