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- The deal, expected to close in early 2023, will establish Lowe's Canada and Rona as a standalone, Quebec-headquartered company. 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.
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Most of Rona's big-box format stores in the rest of Canada are entirely corporate-owned. In December 2016, Lowe's Canada announced that 40 large-format Rona stores outside of Quebec would be rebranded under the Lowe's name, as part of an effort to re-position the Rona brand for mid-size stores. [16]
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.
Feb 3, 2023 · Lowe's Canada to now operate as RONA inc. RONA, Lowe’s, Réno-Dépôt and Dick’s Lumber stores continue to serve Canadians and their home improvement projects, offer Lowe’s private brands, provide compelling financing plans to customers, and honor warranties and gift cards.
Nov 3, 2022 · Lowe's originally purchased Rona and Lowe's Canada for $3.2 billion. North Carolina-based Lowe’s Cos. Inc. announced Thursday it would sell the Canadian arm of its business to Sycamore Partners, a private equity firm based in New York, for US$400 million in cash, as well as a performance-based deferred consideration.
Nov 3, 2022 · Based in Boucherville, Quebec, Lowe's Canadian retail business operates or services approximately 450 corporate and independent affiliate dealer stores in a number of complementary formats under different banners, which include RONA, Lowe's Canada, Réno-Dépôt and Dick's Lumber.
May 20, 2016 · RONA brings to Lowe's a network of 496 corporate and dealer-owned stores in a number of complementary formats, as well as nine distribution centres serving corporate stores, dealer owners operating under various banners, and Ace for which RONA owns the licensing rights and is the exclusive distributor in Canada.
Feb 3, 2023 · All RONA inc. banners will still offer Lowe's private brands, provide compelling financing plans to customers, and honour warranties and gift cards issued by Lowe's stores in Canada.
