Lowe’s Canada CEO says growth, not consolidation after recent Rona acquisition

, Crisis

Lowe's Canada CEO Sylvain Prud'homme meets with media following the closing of the purchase of Rona hardware stores.

BOUCHERVILLE, QUE. — The CEO of Lowe’s Canada, Sylvain Prud’homme, says he has found a house just five minutes from the new national headquarters that was relocated here from Burlington, Ont., after the acquisition of Quebec’s Rona Inc. went through last Friday. 

However, Prud’homme says he isn’t quite ready to move into his new place. 

“It isn’t ready because we’re doing a bit of home improvement,” he said with a laugh. “The reality is now the (Canadian) head office is in Boucherville. I personally moved and I’m not planning to move back.”

This commitment to Canada, and particularly Quebec, has been almost a mantra for the North Carolina-based Lowe’s Cos Inc. since it announced its $3.2 billion purchase of Rona which would make itself one of the largest home improvement retailers in Canada.

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