Lowe's Canada
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Nov 4, 2022 · Lowe's bought Rona Inc. in 2016 in a deal valued at $3.2 billion Cdn, or about $2.4 billion US, that at the time it said was a key step in accelerating its growth strategy.
Rona, Inc. (stylized as RONA) is a Canadian retailer of home improvement and construction products and services, owned by U.S.-based private equity firm Sycamore Partners.
Nov 3, 2022 · Retail giant Lowe’s Companies, Inc., based in the United States, is selling its Canadian retail business to Sycamore Partners, a private equity firm specializing in retail, consumer and distribution-related investments, for $400 million in cash, and performance-based deferred consideration.
Nov 3, 2022 · Lowe’s bought Rona and Lowe’s Canada for $3.2 billion, or US$2.4 billion, in 2016. The sale to Sycamore is $2.8 billion less than its original purchase price. The Lowe’s-Rona deal came under heavy criticism in 2016 from the Coalition Avenir Quebec.
Feb 3, 2023 · RONA inc. will continue to operate and service a network of approximately 450 corporate and affiliated dealer stores across Canada under its RONA, Lowe's, Réno-Dépôt, and Dick's Lumber banners.
Nov 3, 2022 · “We are honored to partner with Lowe's to establish Lowe's Canada and RONA as a standalone company headquartered in Boucherville, Quebec,” said Stefan Kaluzny, Managing Director of Sycamore Partners.
Nov 3, 2022 · "We are honored to partner with Lowe's to establish Lowe's Canada and RONA as a standalone company headquartered in Boucherville, Quebec," said Stefan Kaluzny, Managing Director of Sycamore Partners. "We look forward to working with the company's management team to build on its 83-year history as a leading Canadian home improvement business ...
