BOUCHERVILLE, Que. ― RONA inc. has completed the acquisition of its 20 franchised stores. The deal, first announced in mid-July, reflects negotiations with each of the 15 franchisees. The franchise arrangement was unique to certain Quebec-based long-time RONA dealers.
RONA has made definitive purchase agreements with each of those franchisees to secure substantially all of the assets of 17 big box stores and three proximity stores operating under the RONA, RONA L’éntrepôt, and RONA Home & Garden banners. Two of the stores are in Ontario and the rest are in Quebec, and together generate more than $500 million in retail sales annually. RONA paid $193 million for the stores.
