Lowe's Canada

Lowe's Canada, Inc.

Company type	Subsidiary
Predecessor	Mr. L.S. Lowe's North Wilkesboro Hardware
Founded	December 10, 2007; 16 years ago (2007-12-10) in Hamilton, Ontario, Canada
Founders	Lucius Smith Lowe
Defunct	December 7, 2023; 11 months ago (2023-12-07) (website) February 29, 2024; 8 months ago (2024-02-29) (stores)
Fate	Converted into Rona+, some stores closed (mainly former RONA Home & Garden locations)
Successor	Rona+
Headquarters	Etobicoke, Toronto, Ontario, Canada
Number of locations	More than 470 with subsidiaries
Areas served	Canada
Key people	Marvin R. Ellison (CEO)[1]
Products	Home 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)[2]
Operating income	CA$1669 (2023 02/03)[2]
Net income	CA$955.9 (2023 02/03)[2]
Total assets	CA$43708 (2023 02/03)[2]
Total equity	CA$-14254 (2023 02/03)[2]
Number of employees	26,000 employees
Website	lowes.ca

Lowe's Canada, Inc. was the Canadian subsidiary of American home improvement chain Lowe's.^[3]

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+.