RONA BUILDING ONTARIO PRESENCE WITH CASHWAY BUILDING CENTRES
By Adnews Staff
Hardware, renovation and garden supplies retailer Rona Inc. of Boucherville, Quebec is building a stronger Ontario presence with the acquisition of Cashway Building Centres Ltd. of Port Hope, Ontario. The acquisition, which is valued in the range of $50 million, includes Cashway's 61 stores in the province. All exiting Cashway stores will now use the name Rona Cashway. Jim Pybus, president of Rona Cashway, said the integration of the Cashway stores into Rona's various banners will be gradual, with all stores having a temporary Rona Cashway sign by the end of the year. Rona operates 400 stores throughout Quebec, New Brunswick, Nova Scotia and Ontario under more than 10 different banners including: Rona Cashway, Rona L'entrepot, Rona Warehouse, Rona Le Renovateur Regional and Rona Regional Home Centre. Advertising for Rona Inc. is handled in-house. Public relations are handled by GPC Communications of Montreal.