Reno At Rona…Courtesy of Lowe’s

Lowe's to buy Rona

Lowe’s home improvement chain is buying Quebec-based Rona Inc. in a deal valued at $3.2 billion. If approved Lowe’s will become the Canadian leader among home improvement retailers. Lowe’s tried this a few years ago but opposition from the Quebec government and a large number of Rona’s independent dealers kept it from happening. Rona’s chairman says the timing is better now and Lowe’s has made commitments to the Canadian company’s employees, suppliers and independent dealers.