Lowe's wraps up $3.2 bln acquisition of Rona

Lowe’s Cos Inc (NYSE: LOW) has closed its buy of Rona Inc, a Boucherville, Québec-based retailer of home improvement and construction products. The deal, announced in February, was valued at $3.2 billion. U.S.-based Lowe’s said the acquisition represents a key step in its growth strategy, creating one of the largest home improvement retailers in Canada, with 539 store locations. Rona’s largest shareholder, the Caisse de dépôt et placement du Québec, supported the deal.

DealsCanadaNorth AmericaBriefs