Together, Lowe’s Canada and RONA Have 539 Store Locations, Pro Forma Canadian Revenues of C$6 Billion
Companies are Well-Positioned for Growth in Canada’s Over C$45 Billion Home Improvement Market
MOORESVILLE , N.C. and BOUCHERVILLE, Quebec , 2016-May-24 — /EPR Retail News/ — Lowe’s Companies, Inc. (NYSE: LOW) ("Lowe’s" or the "Company") today…
COMPANY TO OPEN FIVE NEW STORES AND CONVERT TWO PROXIMITY INTO BIG BOX STORES
Boucherville, Quebec, 2016-Feb-11 — /EPR Retail News/ — RONA inc. (TSX: RON, RON.PR.A) is announcing the opening of three new Réno-Dépôt stores in Quebec (Boucherville, Trois-Rivières and Valleyfield), along with two new RONA stores (Saint-Félix-de-Valois, QC, and Moose Jaw, SK), and the expansion…
Transaction valued at C$3.2 billion (US$2.3 billion)
Transaction unanimously approved by both companies’ Boards of Directors
Agreement is based on compelling strategic rationale for both companies
Lowe’s pledges important commitments to RONA’s key Canadian stakeholders
Lowe’s to locate its Canadian head office in Boucherville, Quebec; Canadian operations to be headed by Sylvain Prud’homme, President of…