A group of investors, members of BMR le groupe, acquires the "Centres de rénovation Potvin & Bouchard"



    JONQUIERE, QC, Aug. 5 /CNW Telbec/ - Mr. Yves Gagnon, president and chief
executive officer of Groupe BMR, is proud to announce that a group of
investors, members of the BMR le groupe banner, has acquired the "Centres de
rénovation Potvin & Bouchard" of the Saguenay / Lac St- Jean region.
    "The BMR le groupe dealers are deeply involved in their respective
communities. They know what local needs are and how to fulfill them, not to
mention their social implication. The acquisition of the 5 "Centres de
rénovation Potvin & Bouchard" by a group of investors associated to BMR le
groupe is a logical move which will enhance the development of both Groupe BMR
and Potvin & Bouchard. Everybody wins, including the consumers" declared Mr.
Gagnon.
    As for Mr. Marcel Bouchard, the representative of the Potvin & Bouchard
shareholders, it is important to underline that the Potvin & Bouchard banner
will be kept and that the family will carry on with the administration of the
business. "We knew that we had to join a major organization to guarantee our
future. At the same time, we had the desire to protect our family heritage.
Only BMR le groupe could fulfill both needs." declared Mr. Bouchard.
    Founded in 1932, the "Centres de rénovation Potvin & Bouchard" now
include 5 stores totaling some 180 000 square feet. A distribution centre of
70 000 square feet completes the facilities. Potvin & Bouchard is a regional
business which employs more than 450 people and which takes pride in investing
regionally.

    Founded in 1967, BMR is a group of merchants who together operate some
175 renovation centres and hardware stores throughout Québec, Ontario, Nova
Scotia, New Brunswick and Prince Edward Island. Annual retail sales for the
BMR group are estimated at about 1.2 billion dollars. BMR le groupe is the
second largest retail renovation group in Québec.




For further information:

For further information: Michel Leclerc, Director of Operations, Potvin
& Bouchard, (418) 547-2083 ext. 237, Cell.: (418) 818-4137; Jean Falardeau,
Vice-president Operations, Groupe BMR, (450) 463-2441, Cell.: (514) 242-8338

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