It’s still too early to tell what a blockbuster deal between Lowe’s and Rona means for the two Belleville stores.
Wednesday the US based Lowe’s announced it is buying Quebec-based Rona in a friendly $3.2 billion deal.
Rona spokesperson Valerie Gonzalo tells Quinte News that it’s still too premature to give specific details on the 260 Bell Boulevard location.
She says the transaction is not complete but is expected to close in the second quarter after receiving regulatory approvals and the support of Rona shareholders by April 8.
Gonzalo adds customers will continue to see great service from both stores.
Rona CEO Robert Chevrier says he’s impressed by Lowe’s sense of community and fairness, and says the American company has made commitments to Rona’s employees, suppliers and independent dealers.
Lowe’s CEO says they plan to keep Rona’s headquarters in Boucherville, Quebec, and intend to retain the vast majority of Rona’s 17,000 employees across Canada.
Our newsroom has reached out to Lowe’s for further comment.
