Home » Industry News » Rona Inc. to Sell Commercial and Professional Market Division

Rona Inc. to Sell Commercial and Professional Market Division

Rona Inc., the largest Canadian distributor and retailer of hardware, renovation and gardening products, has entered into an agreement to sell its Commercial and Professional Market division specializing in plumbing, heating, ventilation and air conditioning (HVAC) systems to Talisker Plumbing Corporation, a subsidiary of EMCO Corporation.

The transaction, which is subject to regulatory approvals, is expected to net approximately C$215 million ($209 million). Rona expects to record a pre-tax loss of approximately C$125 million resulting from the transaction, mostly related to a write-down of the division’s goodwill.

Rona “has been focusing on unlocking the full potential of its retail and distribution business,” according to a company release.

The Commercial and Professional Market division was created when RONA acquired Noble in 2007. The division, which has expanded through acquisitions, has 1,400 employees in Ontario, Quebec and British Columbia and has been operating under the Noble, Don Park, MPH Supplies, Boutique Eaudace and Boutique Plomberie Décoration 25 names.

About Amanda Bell

Amanda Bell
Amanda Bell was an assistant editor of Hardware Retailing and NRHA. Amanda regularly visited with home improvement retailers across the country and attended industry events and seminars. She earned a degree in magazine journalism from Ball State University and has received honors for her work for Hardware Retailing from the Association of Marketing and Communication Professionals.

Check Also

CODB 2021

2021 Cost of Doing Business Study Is Now Available

After a seismic year in home improvement retail, understanding how your performance compares to industry …

Leave a Reply