Lowe's Completes Acquisition of Canada's Rona for $2.4 Billion

Mooresville, NC, May 20, 2016—Lowe’s has completed its previously announced acquisition of Rona, in a transaction valued at $2.4 billion. 

The acquisition represents a key step in accelerating Lowe’s growth strategy.  It creates one of the largest home improvement retailers in Canada, with 539 store locations and pro forma revenues from Canadian operations of approximately C$6 billion.

As a result, Lowe’s Canada and RONA are well-positioned for continued success serving Canada’s over C$45 billion and growing home improvement market.