RONA Inc.
TSX : RON
TSX : RON.PR.A

RONA Inc.

November 11, 2013 14:39 ET

RONA Acquires All Groupe Coupal Shares

BOUCHERVILLE, QUÉBEC--(Marketwired - Nov. 11, 2013) - RONA inc. (TSX:RON)(TSX:RON.PR.A), announces that it is acquiring all of the minority interest in Groupe Coupal inc., doing business under the name Matériaux Coupal, a banner that specializes in the sale of lumber and building materials to contractors. RONA, which has held a 51% interest in the company since February 2006, is buying the 49% interest held by Société de gestion Doucet inc., a family-run business that has operated Groupe Coupal since 1971.

"This transaction is fully in line with the consolidation of our strategic operations, particularly with respect to our offering to professionals in the building and home improvement segment," said Robert Sawyer, RONA's President and CEO.

Matériaux Coupal, which will celebrate its 100th anniversary next year, is a leader in its field in Quebec. It is a profitable company that has excellent growth potential. In 2012, its operations generated close to $130 million in sales.

The company has:

  • 9 outlets selling building materials (residential and commercial) in the Greater Montreal area
  • 2 plants specializing in structural components (roof trusses, floor joists and prefab walls)
  • 1 division specializing in indoor finishing (two plants that handle the assembly of doors and frames, moulding distribution and floor coverings, and one plant that makes prefab staircases)

RONA management is also pleased that it can continue to count on the experience and expertise of the Groupe Coupal management team and its entire workforce of more than 500 employees.

"We have been working closely with the RONA team for more than seven years. Today's transaction is the next logical step in this partnership. Our contractor customers will still be able to rely on our experts to provide them with quality products and services that meet their expectations," said François Doucet, President of Groupe Coupal, who will remain with the company as a strategic advisor.

RONA management continues to focus on its recovery plan and consumer offering through each of its four store categories: RONA's big-box and proximity stores, Réno-Dépôt and stores for specialists and building contractors.

About RONA

RONA Inc. is a major Canadian retailer and distributor of hardware, building materials and home renovation products. The Corporation operates a network of over 530 corporate, franchise and affiliate stores under several different banners, and in a number of complementary formats. With its 13 distribution centers and its specialized TruServ Canada wholesaler, RONA serves its network as well as many independent dealers operating under other banners. With some 25,000 employees, the Corporation generates annual consolidated sales of $4.9 billion. For more information, visit www.rona.ca.

Forward-looking statements

This Press Release includes "forward-looking statements" that involve risks and uncertainties. All statements other than statements of historical facts included in this Press Release, including statements regarding the prospects of the industry and prospects, plans, financial position and business strategy of the Corporation 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.

For more information on the risks, uncertainties and assumptions that would cause the Corporation's actual results to differ from current expectations, please also refer to the Corporation's public filings available at www.sedar.com and www.rona.ca. In particular, further details and descriptions of these and other factors are disclosed in the MD&A under the "Risks and uncertainties" section and in the "Risk factors" section of the Corporation's current Annual Information Form.

The forward-looking statements in this Press Release reflect the Corporation's expectations as at November 11, 2013, and are subject to change after this date. The Corporation 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.

Contact Information

  • Media
    Valerie Lamarre
    Senior Advisor
    Communications and Public Affairs
    514-599-5900, ext. 5271
    valerie.lamarre@rona.ca

    Financial Community
    Stephane Milot
    Vice President
    Finance and Investor Relations
    514-599-5951
    stephane.milot@rona.ca