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The first Lowe's store, Mr. L.S. Lowe's North Wilkesboro Hardware, opened in North Wilkesboro, North Carolina, in 1921 by Lucius Smith Lowe. [8] After Lowe died in 1940, the business was inherited by his daughter, Ruth Buchan, who sold the company to her brother, James Lowe, for $4,200, [ 9 ] that same year.
Lowe's acquired Rona for $3.2 billion CAD in May 2016. [5] In November 2022, Lowe's announced it would sell its Canadian operations, including Rona, to Sycamore Partners; the deal was completed the following February. [6] [7] Rona announced in July 2023 that it would begin converting Lowe's locations to the new banner Rona+.
In 2003, the Danaher Corporation began producing the majority of Kobalt hand tools. [3] [4] In 2011, Lowe's ended its arrangement with Danaher and switched to a different supplier for its mechanic's hand tools, [5] JS Products of Las Vegas, Nevada. [6] Screwdrivers continue to be supplied by Great Neck. [7]
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A tool library is an example of a library of things. Tool libraries allow patrons to check out or borrow tools, equipment and "how-to" instructional materials, functioning either as a rental shop, with a charge for borrowing the tools, or more commonly free of charge as a form of community sharing. [1] A tool library performs the following main ...
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