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In the 1990s, Rona established the Rona Home & Garden stores. Rona Home & Garden stores are large, ranging from 85,000 to 150,000 square feet (7,900 to 13,900 m 2), with a warehouse-style similar to The Home Depot and Lowe's. Faced with chronic under-performance in some markets outside of Quebec, Rona closed six big box stores in 2012, five in ...
In September 2003, Rona Inc. acquired Réno-Dépôt; following the merger, the Ontario-based Building Box stores were re-branded as Rona Home & Garden. [4] The purchase was part of a plan to establish more "big box" stores to accompany its smaller specialty outlets and compete with the U.S.-based chain The Home Depot. [5]
The Lowe's chain began an expansion into Canada in 2007, beginning with locations in Ontario, and later expanding into other provinces. In 2016, the company acquired its Canadian rival Rona Inc. for CDN$ 3.2 billion, assuming control of its store banners and relocating its operations to Rona's headquarters in Boucherville, Quebec .
On May 11, 2015, Lowe's Canada announced that it would acquire the leases of 13 former Target Canada stores, as well as an Ontario distribution centre, for $151 million. [ 70 ] In 2012, Lowe's attempted to buy Rona, Inc. , a Quebec-based hardware chain.
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In 2010, Tim-Br Mart Group acquired licensing rights to the Ace brand name in Canada. [60] By February 2012, Ace had 400 locations outside of the United States. [16] Four years later, Rona, Inc., signed an agreement with Ace Hardware for the master license to the Ace brand in Canada. [61] Lowe's completed its acquisition of Rona in May 2016. [62]
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