RONA INC.
TSX : RON

RONA INC.

April 01, 2009 08:31 ET

RONA Continues Expansion in Atlantic Provinces With Acquisition of Bishop's Building Center

BOUCHERVILLE, QUEBEC--(Marketwire - April 1, 2009) - RONA inc. (TSX:RON), Canada's largest distributor and retailer of hardware, home renovation and gardening products, today announced the acquisition of Bishop's Building Center Ltd. The acquired company will be integrated within the current network of 8 stores belonging to the Chester Dawe banner in Newfoundland. Including this acquisition, RONA and its affiliate dealer-owners now operate 26 stores in multiple formats in the Atlantic Provinces.

Bishop's Building Center Ltd., which has been in business for close to 100 years, is located in Bay Roberts, Newfoundland. The store has a retail sales area of 8,000 square feet for hardware and home renovation products, a 15,000 square-foot warehouse as well a 75,000-square-foot outdoor lumberyard. The home centre employs close to 30 people.

"Bishop's is an excellent addition to our network of Chester Dawe stores," said Pierre Dandoy, RONA's Executive Vice President for retail operations. "We're very happy to welcome Bishop's Building Center employees to RONA. This transaction meets our rigorous standards for acquisitions and will contribute toward improving our results in the region from day one."

"I'm delighted that Bishop's employees will continue to increase our business in cooperation with RONA through its Chester Dawe banner, a company with a very solid reputation in the region," said Calvin Spencer, President and owner of Bishop's Building Center. "Given RONA and Chester Dawe's strengths, combined with our own employees' expertise, I'm sure that our company will carry on as an influential force in the community while continuing to grow."

ABOUT RONA

RONA is the largest Canadian distributor and retailer of hardware, home renovation and gardening products. RONA operates a network of close to 700 corporate, franchise and affiliate stores of various sizes and formats. With close to 30,000 employees working under its family of banners in every region of Canada and more than 15 million square feet of retail space, the RONA store network generates over $6.3 billion in annual retail sales.

Contact Information