RONA inc. has re-established itself as an independent company following its acquisition by Sycamore Partners from Lowe's Companies, Inc. RONA is a leading Canadian home improvement retailer that has served communities across the country for over 80 years since its founding in Québec in 1939. The company's head office will remain in Boucherville, Montréal.
RONA inc. will continue to operate and service a network of approximately 450 corporate and affiliated dealer stores across Canada under its RONA, Lowe's, Réno-Dépôt, and Dick's Lumber banners. All Lowe's stores in Canada remain open. Over time, they will be converted to the RONA banner in a seamless manner for both DIY customers and contractors. All RONA inc. banners will still offer Lowe's private brands, provide compelling financing plans to customers, and honour warranties and gift cards issued by Lowe's stores in Canada.
"The senior leadership team and I are very excited to begin this new chapter in the history of RONA, a brand that is valued by DIYers and contractors across the country," added Tony Cioffi, President of RONA inc. "This milestone is positive for all our stakeholders, including our employees, affiliated dealers, vendors, customers, and the communities where we operate. We look forward to a bright future and believe this will be a unique opportunity for our 26,000 employees to promote the RONA name and increase the visibility of this strong brand among consumers."