Lowe's Canada

Lowe's Canada, Inc. was the Canadian subsidiary of American home improvement chain Lowe's.

This article is about the defunct Canadian home improvement store chain. For the American home improvement store chain, see Lowe's. For the company that took over Lowe's Canada, see Rona+.
For other uses, see Lowe's (disambiguation).
Lowe's Canada, Inc.
Company typeSubsidiary
PredecessorMr. L.S. Lowe's North Wilkesboro Hardware
FoundedDecember 10, 2007 (2007-12-10) in Hamilton, Ontario, Canada
Founders
  • Lucius Smith Lowe
DefunctDecember 7, 2023 (2023-12-07)
FateConverted into Rona+
SuccessorRona+
HeadquartersEtobicoke, Toronto, Ontario,
Canada
Number of locations
More than 470 with subsidiaries
Areas served
Key people
Marvin R. Ellison (CEO)
ProductsHome 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
Websitelowes.ca

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+.

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