Henry's and Lozeau announce their partnership and become the largest photography group in Canada

MONTREAL, April 15, 2019 /CNW/ - On Wednesday, the employees of Henry's, a division of Cranbrook Glen Enterprises Ltd, and Lozeau learned they would form one great family as of June 2019. With stores across the country, Henry's continues to grow in the photography and videography market by acquiring the Lozeau banner, Quebec's leader in the industry.

"We are absolutely thrilled to come to an agreement with such a well-respected brand and family in Montreal, and now have the opportunity to further grow the business with a partner who has the same DNA, core values and quality of customer experience. We've had a close relationship with the Lozeau family for more than 45 years, so it only seemed natural for us to build this alliance. It is our goal to continue the great work of Lozeau's management team and employees, who built the reputation of this company, and continue to offer the best service to the wonderful creative community in Quebec." Gillian Stein, Chief Executive Officer at Henry's.

''We've been running a successful, healthy company for the last 90 years. Thanks to this agreement with Hnry's, a team for which our family has always had great respect, we can ensure the future growth and sustainability of our banner in an industry undergoing constant change. With my parents looking to retire, it is an honour for my brother and I to take this new step with another family-owned business that has been operating for 100 years, and most importantly, shares similar ideals and business values." Manon Lozeau-Simard, Vice President Administration and Human Resources at Lozeau.

This agreement will allow Henry's to enter the Quebec market and continue its expansion in Canada. The company believes it is important to preserve the identity and history behind this pillar of Montreal's digital imaging landscape by ensuring that it continues to operate under the Lozeau banner after the transaction is completed. No changes are expected for the current store's customers, staff and operations.

About Henry's
Proudly Canadian, family owned and operated, Henry's first opened its doors in 1909 and has evolved into the leading specialty digital imaging retailer in Canada. With locations all across Canada and a strong B2B and ecommerce business, they are the source for the best and newest products, expert advice and award-winning customer service in camera-related hardware and accessories for photography, videography and online content creation.  Henry's carries over 15,000 imaging-related products across all of the top brands it is the source for creators across Canada.  For more information please visit henrys.com

About Lozeau
L. L. Lozeau was founded in 1927 by Leo Laurent Lozeau, primarily as a wedding photography and photo finishing business. Today, after more than 90 years of service, the family business enjoys the respect of the Quebec photography world and an unquestioned reputation for service quality and technical expertise. Its success is based in large part on the competence of its personnel. L. L. Lozeau is noted for its customer-based approach as well as for the wide variety of products and services on the cutting edge of imaging technology.

SOURCE Henry's

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