February 22, 2010 11:45 ET

RONA Commercial and Professional Market Division Enters Quebec Specialized Plumbing Market With Acquisition of Plomberie Payette & Perreault

BOUCHERVILLE, QUEBEC--(Marketwire - Feb. 22, 2010) - RONA inc. (TSX:RON), the largest Canadian distributor and retailer of hardware, renovation and gardening products has acquired, through its subsidiary Noble Trade, the assets of Plomberie Payette & Perreault inc. This company, specialized in the distribution and retail sales of finishing plumbing products, has a 20,000-square-foot distribution centre in Le Gardeur, Quebec, and two retail outlets operating under Les boutiques Eaudace banner (, one in Repentigny and one in Boucherville, Quebec. The transaction has been finalized pending certain conditions and is expected to close on March 1, 2010.

"We're very pleased with this acquisition, which is another step toward achieving RONA's objective of establishing a national platform in the commercial and professional market. This transaction, a breakthrough for Noble Trade, our subsidiary specialized in the Ontario plumbing market, also represents the first step in our development plan for this market in Quebec," said Michael Storfer, vice president of RONA's Commercial and Professional Market division.

"Besides breaking into a new geographic market, the acquisition enhances our existing product and service offer in the specialized plumbing market. Plomberie Payette & Perreault has recognized expertise in the distribution and sale of finishing plumbing products, which we will quickly deploy in the Noble Trade network. Payette & Perreault's integrated distributor-retailer approach is another strength we will capitalize on in our Commercial and Professional Market division," Storfer said.

Payette & Perreault co-owners Claude Thibault and Alain Payette are very happy with their agreement with RONA. They have agreed to stay on with the Company to help develop the Commercial and Professional Market division. "The employees of Payette & Perreault are proud to be joining the RONA team. Our customers know they will still be able to count on our employees' know-how to get the same top-quality service they're used to. And we know that joining ranks with RONA will give our employees access to great development opportunities and a stimulating work environment. We're very enthusiastic about being part of a major company that has such extensive strong financial position and an impressive development plan for the years to come," Claude Thibault and Alain Payette said.

The acquisition of Plomberie Payette & Perreault meets RONA's rigorous acquisition criteria, which include:

  • Have an excellent management team
  • Be a profitable business
  • Add to RONA's earnings per share immediately on completion of the transaction
  • Operate in a sector related to the main activities of RONA's, to generate recurring annual synergies
  • Promise strong growth potential

Establishing a national platform in the commercial and professional market
This acquisition is another step toward achieving RONA's objective of establishing a national platform in the commercial and professional market. In 2007, RONA acquired Noble Trade, an Ontario plumbing supplies distributor with an experienced management team and now 22 points of sale, in addition to its distribution facilities. Noble Trade provided a solid foundation for RONA's expansion into the sector. RONA later acquired Best-MAR, a plumbing specialist with three outlets in the Ottawa region. Finally, in 2009, the main Noble Trade distribution centre was expanded by 188,000 square feet in order to introduce a complete line of heating, ventilation and air conditioning products, as well as related items to meet the needs of RONA's commercial and professional customers.

This news release includes "forward-looking statements" that involve risks and uncertainties. All statements other than statements of historical facts included in this news release, including statements regarding the prospects of the industry and prospects, plans, financial position and business strategy of the Company, may constitute forward-looking statements within the meaning of the Canadian securities legislation and regulations. Investors and others are cautioned that undue reliance should not be placed on any forward-looking statements. The forward-looking statements in this news release reflect the Company's expectations as at February 22, 2010, and are subject to change after this date. The Company expressly disclaims any obligation or intention to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by the applicable securities laws. For more information on the risks, uncertainties and assumptions that would cause the Company's actual results to differ from current expectations, please refer to the "Risks and uncertainties" section of the Company's annual report.

RONA inc. is the largest Canadian distributor and retailer of hardware, renovation and gardening products. RONA operates a network of close to 700 corporate, franchise and affiliate stores of various sizes and formats. With nearly 30,000 employees working under its family of banners in every region of Canada and more than 16 million square feet of retail space, the RONA store network generates over $6 billion in annual retail sales. Please visit

Contact Information

  • Media:
    RONA Inc.
    Julie Seidel
    Director, External Communications
    Financial Community:
    RONA Inc.
    Stephane Milot
    Senior Director, Investor Relations