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Lowe's acquired Rona for $3.2 billion CAD in May 2016. [5] In November 2022, Lowe's announced it would sell its Canadian operations, including Rona, to Sycamore Partners; the deal was completed the following February. [6] [7] Rona announced in July 2023 that it would begin converting Lowe's locations to the new banner Rona+.
In November 2022, Lowe's agreed to sell its Canadian operations to the private equity firm Sycamore Partners for $400 million, including the Lowe's locations and Rona's banners. [13] [14] It was stated that the Lowe's brand would be discontinued and replaced with Rona. [15] [14] The sale was completed on February 3, 2023. [16]
Lowe's opened its first three stores in Canada on December 10, 2007, in Hamilton, Brampton, and Brantford. On February 1, 2008, they opened three more stores in Toronto , East Gwillimbury , and a second store in Brampton, as well as a new location in Maple (Vaughan). [ 67 ]
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Brantford (2021 population: 104,688 [2]) is a city in Ontario, Canada, founded on the Grand River in Southwestern Ontario. It is surrounded by Brant County but is politically separate with a municipal government of its own that is fully independent of the county's municipal government.
This area, annexed by the city in the 1980s, is the most culturally diverse neighbourhood within Brantford. [14] The area in Brant County remains largely rural, with some industrial and commercial activity. The Hamilton–Brantford–Cambridge Trails, part of the Southern loop of the Trans Canada Trail runs through Cainsville. [15]