ReichmannHauer Capital Partners has acquired Canadian photo shop operator Black's Photo Corp. from FujiFilm Canada Inc. No financial terms were disclosed. Black's has a network of 116 stores.
RHCP acquires Black's Photography (www.blackphoto.com) Plan to reinvigorate and grow one of Canada's best known retail brands. RHCP Fund I LP and RHCP Fund I International LP (“RHCP”), funds advised by ReichmannHauer Capital Partners Inc. (“ReichmannHauer”), announced today that it has purchased Black's Photo Corporation from FUJIFILM Canada Inc. (“Fuji”) in a transaction that will reinvigorate one of Canada's most recognized brands and most trusted specialty retailers.
Established in the 1930s by Edward Black, Black's today has a network of 116 stores across Canada, a large base of loyal customers, and a leading position in the Canadian photo specialty industry. Over its proud 77 year history, Black's has earned a reputation for premium printing services and for being a top destination to buy digital camera equipment, digital supplies & accessories, media, frames & albums, and personal gifts.
The Black's opportunity resonates strongly with several of ReichmannHauer's value creation themes. ReichmannHauer believes that Black's is a very powerful brand