Lowe's Canada
| Company type | Subsidiary |
|---|---|
| Founded | December 10, 2007 in Hamilton, Ontario, Canada |
| Defunct | February 29, 2024 |
| Fate | Converted into Rona+, some stores closed (mainly former RONA Home & Garden locations) |
| Successor | Rona+ |
| Headquarters | Etobicoke, Toronto, Ontario, Canada |
Number of locations | More than 470 with subsidiaries |
Areas served | |
Key people | Marvin R. Ellison (CEO) |
| Products | Home appliances, tools, hardware, builders hardware, lumber, building materials, paint, plumbing, flooring, garden supplies, plants, housewares, furniture, home decor, bedding, and curtains |
| Revenue | CA$22445 (2023 02/03) |
| CA$1669 (2023 02/03) | |
| CA$955.9 (2023 02/03) | |
| Total assets | CA$43708 (2023 02/03) |
| Total equity | CA$-14254 (2023 02/03) |
Number of employees | 26,000 employees |
| Website | lowes |
Lowe's Canada, Inc. was the Canadian subsidiary of American home improvement chain Lowe's.
The Lowe's chain began an expansion into Canada in 2007, beginning with locations in Ontario, and later expanding into other provinces. In 2016, the company acquired its Canadian rival Rona Inc. for CDN$3.2 billion, assuming control of its store banners and relocating its operations to Rona's headquarters in Boucherville, Quebec. Some of Rona's locations were converted to the Lowe's banner.
In November 2022, Lowe's announced that it would sell its Canadian operations to Sycamore Partners for $400 million. Following the completion of the sale in 2023, Sycamore began to phase out the Lowe's brand in Canada, replacing it with the new Rona banner Rona+.