Komet and Rona end their business relationship
10 Novembro 2010 - 7:50PM
PR Newswire (Canada)
MONTREAL, Nov. 10 /CNW/ -- New partnership agreements signed with
other kitchen cabinet manufacturers will partially offset this loss
and allow Komet to look optimistically to the future MONTREAL, Nov.
10 /CNW Telbec/ - Komet Manufacturers Inc. ("Komet" TSX-V:
AQD) has announced the end of its business partnership with Rona,
including the Réno-Dépôt banner, for the manufacture of bathroom
furniture. The agreement in question, signed over five years ago,
represented 38% of Komet's sales. "While it's difficult to quickly
replace a big client like Rona, we are happy to announce to our
clients and shareholders that Komet is already positioned as a new
leader in kitchen cabinet manufacturing. As such we have signed new
agreements with leading contractors like Samcon, Les entreprises
Samig, and Habitations Voyer. These will gradually replace the
agreement with Rona, allowing us to continue our operations with
the optimism and enthusiasm Komet is known for," said company
president and CEO François Nadeau. About Komet Located in
Blainville, Quebec, Komet has been listed on the TSX Venture
Exchange since June 2007. The company specializes in the design and
manufacture of bathroom furniture marketed under the Aquadis brand
and is increasingly manufacturing kitchen cabinets for builders and
individual customers. Since its creation, Komet has been
tremendously successful in the residential renovation market thanks
to the quality, low prices, and easy assembly of its wide range of
bathroom furniture—features it has carried over into its kitchen
product line. Komet's furniture selection includes mirrors,
vanities, medicine cabinets, and linen storage units, all available
in a variety of colors and models for easy customization. Its
kitchen furniture collections are also offered in a range of
customizable options. *The TSX Venture Exchange has not approved
and accepts no responsibility for the authenticity or accuracy of
the information contained in this press release. %SEDAR: 00025587EF
pFrédéric Bérard,br/ Special Advisorbr/ HKDP Communications and
Public Affairsbr/ 514-395-0375, extension 259br/ a
href="mailto:fberard@hkdp.qc.ca"fberard@hkdp.qc.ca/a/p
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