Vancouver, BC – February 21, 2019 – Krystal Growth Partners is proud to announce that Fraser Valley Building Supplies has acquired two new stores in British Columbia. Formerly owned by Tony Maglio, along with his brother Dominic and brother in law Russ Beauchamp, the Maglio Building Centres, respectively located at 29 Government Road in Nelson, and 8274 Waneta Highway in Trail, have been serving the West Kootenays communities for over 30 years. Together, they feature approximately 50,000 sq. ft. of sales area as well as 5 acres of lumberyard to meet the needs of local builders and DIYers.
“We had been looking to grow our business in the region for some time, and meeting with Tony convinced us that these stores were the right fit for us,” said Ray Cyr, President of Fraser Valley Building Supplies. “Just like our company, Maglio Building Centres is a family-owned business that has developed strong relationships with its customers and community. We are confident that these locations will be a great addition to our existing stores and will help us consolidate our position in the British Columbia market. We are excited to start working with the teams of both stores as well as with Tony, who has agreed to stay on to support us with the transition, to bring even more value and choices to local builders and DIYers.”
“We are glad to have found a partner we can trust to take over our family’s business and ensure its long-term success and growth,” added Tony Maglio. “Ray and his associates are committed entrepreneurs who have a clear vision for the future of their company. I know they will bring outstanding service and value to our community, and I look forward to working with them to ensure a successful transition.”
Over the coming months, the Nelson and Trail stores will be converted to the RONA banner and undergo renovations to enhance customers’ shopping experience. In addition to the services and products already available, customers can expect to see new product categories, such as appliances, as well as the introduction of new brands, including the iconic CRAFTSMAN® tools. Overall, the new owners will be adding approximately 5,000 items to the current selection. Plans also include the launch of online shopping through the rona.ca website with Click-and-Collect and parcel delivery services, making it even easier for local home improvement enthusiasts to carry out their projects.
“At RONA, we make it our priority to support our affiliated dealers with their growth projects. We work closely together to help them reach their business goals and we are always thrilled to witness their success,” mentioned Philippe Element, Vice-President, RONA & Ace, Sales and Dealer Support. “With this acquisition, Fraser Valley Building Supplies now offers its strong contractor expertise and superior shopping experience to six locations in British Columbia. I am immensely proud to work with a driven entrepreneur such as Ray and to see everything he and his team have achieved since they first joined the RONA banner in 2015.”
For more information please contact Lance Neale at lneale@krystalgp.com