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In November 2022, Lowe's agreed to sell its Canadian operations (including the Lowe's-branded stores) to the American private equity firm Sycamore Partners, which also operates, among other properties, Staples Canada. [6] Following the sale, Rona planned to convert the Lowe's-branded stores to the Rona brand. [18]
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+.
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. [ 69 ] In 2012, Lowe's attempted to buy Rona, Inc. , a Quebec-based hardware chain.
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.
This is an accepted version of this page This is the latest accepted revision, reviewed on 28 January 2025. American multinational home improvement supplies retailing company The Home Depot, Inc. An aerial view of a Home Depot in Onalaska, Wisconsin Company type Public Traded as NYSE: HD DJIA component S&P 100 component S&P 500 component Industry Retail (home improvement) Founded February 6 ...
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. [6] [2]
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]
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