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RONA in Markham, Ontario Former RONA Cashway in Milton, Ontario Rona Home & Garden in Regina, Saskatchewan Réno-Dépôt in Laval, Québec RONA+ in Windsor, Ontario. 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.
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. Some of Rona's ...
Réno-Dépôt (known as Reno-Depot outside of Quebec) was a Canadian chain of home supply stores owned by Rona, Inc. Primarily operating in Quebec, Réno-Dépôt was a warehouse-styled format with a focus on discounted renovation and household hardware products.
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. [ 69 ] In 2012, Lowe's attempted to buy Rona, Inc. , a Quebec-based hardware chain.
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]
In 1928, with 69 stores throughout Ontario, the company unveiled its new state-of-the-art head office and warehouse at Fleet and Bathurst streets, along today's Lake Shore Blvd, in Toronto. At a cost of CA$1.25 million, the Loblaw warehouse was likened to a "temple of commerce" and hailed as a model of efficiency. [16]
Peavey Industries completed its acquisition of the division in 2017, [2] [4] more than doubling the company's retail footprint from 34 stores predominantly in Western Canada, to 85 with an expanded presence in Manitoba and Ontario. [2] The Manitoba TSC stores were rebranded as Peavey Mart in 2016, and the Ontario stores in 2021. [2] [5]
Canada is the world's eighth-largest economy as of 2022, with a nominal GDP of approximately US$2.2 trillion. [1] It is a member of the Organisation for Economic Co-operation and Development (OECD) and the Group of Seven (G7), and is one of the world's top ten trading nations , with a highly globalized economy.
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