RONA TO ACQUIRE RENO-DEPOT
By Adnews Staff
Home improvement and gardening retailer Rona, based in Boucherville, PQ is set to acquire the Réno-Dépôt chain of big-box stores from Kingfisher for $350 million in cash. There are 14 Réno-Dépôt stores in Quebec and six stores in Ontario operating under the name The Building Box. The deal, still subject to regulatory approvals, is expected to close in late summer. Rona operates approximately 500 stores nationally of various sizes and in various formats.
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