A Fourth RONA store for Groupe LTM
Lowe’s Canada, one of Canada’s leading home improvement retailers operating or servicing some 470 corporate and affiliated stores under different banners, congratulates Groupe LTM for acquiring the RONA store located at 655, rue Sainte-Marie in Marieville, which is now named RONA Matériaux Marieville. Already owner of three RONA stores in the Greater Montreal area, the group is thus ensuring the long-term viability of the local business—which includes a hardware store, a stationery store, and several other services—as well as the preservation of a dozen jobs.
“Groupe LTM is a leader in the management of local hardware stores, and our strength lies in our commitment to provide excellent service tailored to the needs of each community. We are pleased to build on our partnership with RONA in order to perpetuate the proximity service that the former owners offered for over 20 years, while leveraging our expertise to enhance the customer experience,” says Bruno Paradis, General Manager of Groupe LTM.
The 5,000 sq. ft. store offers Marieville customers a wide range of products in the hardware, paint, tools, and seasonal departments, in addition to featuring school and office supplies through the Papetrie ABCD store. To offer even more options to the local community, the new administration will also present an online shopping service in the coming months. Customers will thus have access to thousands of products at rona.ca and be able to choose from in-store pickup or home delivery options.
“Succession is an issue faced by many local businesses. At RONA, we are proud to have dynamic and competent entrepreneurs within our dealer network, like the Groupe LTM owners, who have the willingness and tools to invest in existing stores to foster their long-term viability,” says Philippe Element, Vice-President, RONA Sales and Dealer Support at Lowe’s Canada. “We are pleased to pursue our partnership with Groupe LTM through this fourth RONA store, and thus contribute to the prosperity of the RONA store founded 23 years ago by Mr. Boulais and Mrs. Tremblay.”
About Groupe LTM
Groupe LTM is characterized by its strong dynamism and skills acquired through the management of an ever-growing portfolio of companies. Ensuring the sustainable management of its various companies is one of its main concerns. Not only does the group master the sectors in which it is active, but it is also willing to diversify into new economically attractive and promising sectors. The group is committed to manage its activities in a sound and responsible way, by carefully assessing the risks associated with its investments. In addition to managing companies in the fields of construction, real estate, and business coaching, the group owns four hardware stores in the Greater Montreal area (i.e., RONA Centre de rénovation Oka, RONA Matériaux Villeray, RONA Matériaux Des Ormeaux et RONA Matériaux Marieville). For more information, visit https://www.groupeltm.com/.
About Lowe’s Canada
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 20 million customers a week in the United States and Canada. With fiscal year 2020 sales of nearly $90 billion, Lowe’s and its related businesses operate or service more than 2,200 home improvement and hardware stores and employ over 300,000 associates. Based in Boucherville, Quebec, Lowe’s Canadian business, together with its wholly owned subsidiary RONA inc., operates or services some 470 corporate and independent affiliate dealer stores in a number of complementary formats under different banners, which include Lowe’s, RONA, Reno-Depot, and Dick’s Lumber. In Canada, they have more than 26,000 associates, in addition to approximately 5,000 employees in the stores of independent affiliate dealers operating under the RONA banner. For more information, visit lowescanada.ca.
Source: Lowe’s Companies Canada ULC