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MENARD Group USA history
MENARD Group USA company history timeline
By 1986, Menards ranked 15th among the top home improvement chains, with estimated sales from the 34 outlets approaching the half billion mark.
1987 marked a further turning-point in the history of the company, becoming independent once more, when it was sold by its shareholder and taken over by two company managers, Jean-Marie Cognon and Pierre-Marie Bic.
By the fall of 1993, 12 Menards stores served suburban Chicago and were in direct competition with the 28-unit, Illinois-based Handy Andy, as well as Builders Square and HomeBase.
The regional chain ended 1993 with a total of 88 stores and $1.7 billion in revenues.
In 1994, Menard qualified two out of the three cars he sponsored for the Indy 500 and placed 8th and 20th. 'He'll need to do a lot better than that to succeed in Chicago,' wrote Frank Wolfe for Forbes magazine in June 1994.
The $9 billion home improvement supply leader, Home Depot, entered the Chicago market in September 1994.
By the end of 1995, Menard operated 115 outlets and produced $2.7 billion in sales.
In college, he majored in business, math, and psychology, but his work philosophy was influenced by his upbringing. 'Menard remains a farm boy at heart, anchored by a few simple beliefs,' the National Home Center News (NHCN) stated in a 1996 profile.
In 1996, a new 165,000-square-foot format was introduced although the department store-like design was retained.
North Carolina-based Lowe's Companies Inc. operated 402 stores and reported 1996 sales of $8.6 billion.
1998 - Largest induced settlement
Menard had cut prices ten percent during a 1998 price war with Home Depot.
1999 - Integration of Menard into Freyssinet’s group (VINCI)
1999: Company enters into direct competition with the two largest home improvement chains in several key markets.
Sales: $4 billion (1999 est.)
Menard celebrated the opening of its 150th store in early 2000.
2006 - Deepest barrier wall constructed
2008 - Largest vibrocompaction project
2009 - Creation of the Soletanche Freyssinet group
2011 - Deepest vibroflotation for the largest onshore windmill
2012 - Largest ground improvement project in France
Controlled Modulus Columns set a world depth record in Louisiana in 2014
2017 - Acquisition of ConeTec
2021 - Acquisition of Farrell
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MENARD Group USA may also be known as or be related to Dgi-Menard Inc., MENARD Group USA and Menard - Usa.