The story
Beaver Lumber, once Canada's leading supplier of lumber, building materials and related products and services, began in 1883 as the Banbury Bros. Lumber Company in Wolseley, Saskatchewan. Banbury Bros. Lumber Company bought its local rival, Gibson Lumber, in 1904 and two years later joined with the Regina Lumber and Supply Co., creating a business with twelve lumberyards. A thirst for expansion resulted in the Banbury brothers striking a deal with some Winnipeg lumberyards. A new name was needed that was in some way connected to wood, so when Edwin Banbury suggested "Beaver", the company identity was created in 1906 and would become an institution in parts of Canada for another 90 years.
Beaver Lumber was a community-based business and focused on building relationships with its customers. The company eventually operated 130 stores across the country.
Molson, the Montreal-based brewing giant, bought Beaver Lumber for $40 million in 1972. In 1987, Groupe Val Royal entered into a strategic agreement with the Molson Companies to acquire the Castor Bricoleur locations in Quebec and integrated them to its Brico Centre chain, a hardware retailer that was already operating three stores at the time. Val-Royal later launched in early 1993 the Réno-Dépôt chain with a warehouse format and made no secret that the plan was to progressively shut down the eight existing Brico stores as they were deemed too small to continue in the new economy.
Molson sold the rest of the retail chain to Home Hardware for $68 million in 1999.
From Wikipedia’s article on Beaver Lumber, shared under CC BY-SA 4.0.4