On October 16, 2003, one of the shareholders of Montreal-based BouClair Inc. acquired all the remaining shares of BouClair from his family members and from Hudson, Ohio-based Jo-Ann Stores. The value of the deal is undisclosed. RoyNat Capital Inc., the Business Development Bank of Canada (BDC) and Royal Bank of Canada provided the financing.

The purchaser and BouClair were represented by Davies Ward Phillips & Vineberg LLP in Montreal, with a team led by Robert Vineberg and Lloyd Perry Feldman (corporate), and including Marie- Emmanuelle Vaillancourt and Michael Kandev (tax)..."