ACECRAFT TRADING SAL, Master Licensees of Ace Hardware Create Investor Opportunities for Expansion in Lebanon
Riding the wave of the construction boom in Lebanon, ACECRAFT TRADING SAL, Master Licensees of Ace Hardware (USA), a world leading retail chain providing home utility and improvement tools and supplies, announced its plans to open new 6 outlets within the Lebanese territory within the next 6 years.
Chairman Joe Boulos was upbeat in his announcement, citing that his company has already created a platform for this retail opportunity in the country by opening its first two pilot outlets.
“ We have witnessed a keen interest in our quality products and services both at the consumer and wholesale levels “ he said.
“Our group master plan calls for additional outlets within the country and business in this sector is booming”, he added.
“We are now open to investor participation through a structured equity purchase that will allow the company to increase its capital to expand ” said Boulos.
These investors will participate in the expansion raise of capital and the offering will close on August 1st, 2010.
“Our team will be meeting with interested retailers in the GCC, Qatar, Kuwait, Egypt, Jordan and the region who may wish to capitalize on this growing market, which surely will provide consistent dividends to our new shareholders”
“Ace Hardware has established more than 70 stores in the region who are experiencing healthy growth. There is every reason to predict that the dynamic consumer market in Lebanon will ‘hit the nail on the head’, he added.
Persons interested should contact us at joe.boulos@acecraft-
