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A mitre box or miter box (American English) is a wood working appliance used to guide a hand saw for making precise cuts, usually 45° mitre cuts. [ 1 ] [ 2 ] Traditional mitre boxes are simple in construction and made of wood, while adjustable mitre boxes are made of metal and can be adjusted for cutting any angle from 45° to 90°.
Kobalt is a line of hand and mechanics' tools, power tools, and tool storage products owned by the American home improvement chain Lowe's. It is the house brand for both Lowe's in North America and their joint venture with the now defunct Masters Home Improvement in Australia .
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+.
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] Beginning in 2017, Lowe's Distribution Center began to service Ace Canada retailers. [63]
Since the acquisition of Bunnings by Wesfarmers in 1994, the big-box store concept has changed how new hardware stores are built. In 2004, Mitre 10 built its first supercentre Mitre 10 MEGA with an average store size of 13,500 m 2. These were later either closed or turned into large-concept Mitre 10 stores.
The first Lowe's store, Mr. L.S. Lowe's North Wilkesboro Hardware, opened in North Wilkesboro, North Carolina, in 1921 by Lucius Smith Lowe. [8] After Lowe died in 1940, the business was inherited by his daughter, Ruth Buchan, who sold the company to her brother, James Lowe, for $4,200, [ 9 ] that same year.