RONA selling Noble, Don Park and other HVAC supply housesCanadian Contractor Mechanicals Business Commercial Financial Market Professional Service
Noble, Don Park and MPH Supplies, among other contractor supply houses, are being sold to EMCO, London, ON.
RONA is going back to its retail roots, getting out of the plumbing, heating and HVAC contractor supply businesses that is has accumulated since 2007.
It is selling its “Commercial and Professional Market” division (operating under the Noble, Don Park, MPH Supplies, Boutique Eaudace and Boutique Plomberie Décoration banners) to London, ON-based EMCO.
The transaction, which is subject to regulatory approvals, is expected to net RONA some $215 million (after transaction expenses and fees).
“Since 2007, we’ve been working with a group of skilled and dedicated employees who have helped build this business. We take this opportunity to sincerely thank them for their commitment. After all these years, we know we can count on them for their continued support in this transition,” said Dominique Boies, RONA’s Executive Vice President and Chief Financial Officer.
“RONA’s Commercial and Professional Market division has become a strong and unique business through its culture of outstanding customer service. We are proud to welcome its valued employees, suppliers and customers into our family. All locations will continue to operate under the same brand names and under the same leadership. As well, customers will continue to receive the excellent quality of service they have come to expect. We are committed to valuing and reinforcing the service culture so evident across the division while providing our new teammates with opportunities to develop themselves and their business,” said Rick Fantham, President of EMCO Corporation.