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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. [13] 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. [14] [15]
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 .
In 2015, Rona announced that the brand would expand outside of Quebec with the re-opening of shuttered Rona locations in Calgary and Aurora, Ontario as Reno-Depot. [7] However, both locations were announced for closure in 2018 and 2019 respectively, leaving the chain once again restricted to Quebec. [8] [9]
At the time of its closing in 2008, it was the oldest bookstore in Canada. Highway Book Shop — near Cobalt, Ontario; Hyman's Book and Art Shoppe — an independent Jewish bookstore in Toronto, Ontario; Mondragon Bookstore & Coffeehouse — former political bookstore and vegan café in Winnipeg; This Ain't the Rosedale Library — in Toronto
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.
Peavey Industries completed its acquisition of the division in 2017, [2] [3] 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] [4]
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