RTO SWALLOWS NORTH AMERICAN
By Adnews Staff
RTO Enterprises of Edmonton is buying North American TV and Appliance Rental of Peterborough, Ont. The deal is scheduled to close by the end of this week. North American is a privately owned 11-store chain with annual revenues of $6 million. RTO has 95 locations in eight provinces under the Rentown, RTO and Granada banners. Its revenues for the year ended July 31 were $47.8 million. Advertising for both companies is done in-house. Once the deal closes, advertising will be handled in-house by RTO. RTO supplies brand name household furnishings, appliances and home entertainment products to consumers.
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