RONA Inc. TSE: $RON JUL 04, 2015 LONG av $15.05
RONA Inc. (TSE:RON) JUL 04, 2015 LONG av $15.05
On February 3, 2016, U.S. retailer Lowe’s announced that it would acquire Rona for $3.2 billion.
Rona Inc. (RONA) is a company based in Canada. The Company is a distributor and retailer of hardware, building materials and home improvement products in Canada. The Company operates a network of over 500 corporate, franchise and affiliate stores. The Company operates through two business segments, which include the distribution and retail. RONA’s retail segment has a network of stores in different formats and banners. The positioning of the Company’s store network consists of four types of stores, including big box Réno-Dépôt, proximity and contractor specialists. The Company’s distribution network consists of 8 distribution centers, including lumber yards, Eastern, Central and Western Canada. RONA stores are supplied by two sources, such as direct deliveries from suppliers and delivery via its distribution centers.