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Lowe's Canada will be operated from Rona's headquarters in Boucherville, but remain under the leadership of its current CEO Sylvain Prud'homme. [14] The purchase was closed in May 2016. In December 2016, Lowe's announced that it planned to convert selected Rona-branded stores to the Lowe's brand. [15] [16]
Some of Rona's locations were converted to the Lowe's banner. In November 2022, Lowe's announced that it would sell its Canadian operations to Sycamore Partners for $400 million. Following the completion of the sale in 2023, Sycamore began to phase out the Lowe's brand in Canada, replacing it with the new Rona banner Rona+.
Rona, Inc. (2003–2016) Lowe's Canada (2016–2023) ... Rona indicated its intentions to rebrand all remaining Réno-Dépôt stores to RONA+ as of October 10, 2024.
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] Rona assigned the Winnipeg office as Ace Canada, formally TruServ Canada, to manage the Ace Brand. As of June 2016, there are 62 Ace-branded stores in Canada. [5]
Lowe's Canada — Hardware store, now RONA+; Lastman's Bad Boy — Furniture Store; Metropolitan Stores — variety store chain; Miracle Food Mart — grocery store chain; Miracle Mart — department store; Mondragon Bookstore & Coffeehouse — former political bookstore and vegan café in Winnipeg; Morgan's — department store
Home improvement chain Lowe's Companies Inc. (NYSE: LOW) this morning announced that it had dropped its hostile attempt to acquire Canadian home improvement retailer Rona Inc. Lowe's had offered ...
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.
In March 2020, Peavey Industries acquired the Canadian master license for Ace Hardware from Lowe's-owned Rona. Peavey is maintaining the 107-store Ace chain, but began to stock their store brands at its locations, and integrated the stores into Peavey Mart's expanded ecommerce operations. [5] [2]
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