Listen to this article

Lakewood-based Component Hardware Group Inc. announced Wednesday that it has acquired Canada-based Specialty Food Service Hardware Inc. and its sister company, Vision Parts & Accessories Inc.The deal provides Component Hardware’s expanded coverage of its products in the Canadian market.

Harold Clarke, president of Specialty and Vision, announced his retirement along with the acquisition.

“The sale of Specialty Food Service Hardware and Vision Parts to Component Hardware Group has provided a truly win-win situation for the customers we have dedicated ourselves to serving over the years as well as our employees,” Clarke said in a prepared statement.

“It was apparent from the start of our discussions that the business Harold and his team built would provide a great growth platform for Component Hardware Group in one of our key markets. After 25 successful years, we look forward to Harold helping us transition the business,” Harry Franze, CEO and president of Component Hardware Group, said in a prepared statement.

Specialty and Vision will remain at their current headquarters in Markham, Ontario.

Financial terms of the deal were not disclosed.