Following RONA’s acquisition by Sycamore Partners in November 2022, the company has now re-established itself as an independent company. And over time, Lowe’s Canada stores in Canada will be converted to the RONA banner.
RONA Inc., founded in Quebec in 1939, will continue to operate from its head office in Boucherville, QC. The company has a network of 450 corporate and affiliated dealer stores across Canada under its RONA, Lowe’s, Reno-Depot, and Dick’s Lumber banners.
All Lowe’s stores in Canada remain open and will continue to offer home improvement products. All RONA inc. banners will still offer Lowe’s private brands, provide 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,” says 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.”
RONA inc. says it will maintain a strong commitment to its RONA affiliated dealer network and to its Canadian- and Quebec-based vendors, including through its ongoing involvement with the “Well Made Here” initiative, intended to encourage the purchase of domestically manufactured quality products.