Lowe's to sell Canadian business, including Rona stores, to private equity firm

Lowe’s Canadian arm is based in Boucherville, Quebec, and operates or services around 450 corporate and independent affiliate dealer stores under a number of banners, including Lowe’s, Rona, Reno-Depot and Dick’s Lumber.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

The deal, expected to close in early 2023, will establish Lowe’s Canada and Rona as a standalone, Quebec-headquartered company.

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