Skip to main content

The Globe and Mail

Rona to sell commercial, professional division for $215-million

Rona’s Golden Mile store in Toronto is seen in this file photo.

Fred Lum/Fred Lum/The Globe and Mail

Hardware and home renovation company Rona Inc. says it will sell its commercial and professional division to EMCO subsidiary Talisker Plumbing Corp. for $215-million.

The division, which specializes in plumbing, heating, ventilation and air conditioning systems, was created when Rona acquired commercial trades supplier Noble in 2007.

It has 1,400 employees in Ontario, Quebec and British Columbia operating under the Noble, Don Park, MPH Supplies, Boutique Eaudace and Boutique Plomberie Decoration 25 banners.

Story continues below advertisement

A sale of the unit was expected as part of Rona's drive to improve its profitability by focusing on its retail and distribution business.

The transaction is subject to regulatory approvals and is expected to generate $215-million in cash after transaction expenses and fees, subject to working capital adjustments.

EMCO president Rick Fantham said all division locations will continue to operate under the same brand names and leadership.

He said EMCO is 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."

Rona's chief financial officer Dominique Boies thanked employees who helped to build this business over six years.

The Montreal-area company said it expects to record a pre-tax loss of about $125-million in the second quarter mostly related to a write-down of the division's goodwill.

EMCO, based in London, Ont., is a wholesaler and distributor of products for the construction industry. It sells products across Canada in plumbing and heating, waterworks, industrial, oilfield supply, irrigation, fire protection and HVAC/R (heating, ventilation, air conditioning and refrigeration).

Story continues below advertisement

Rona operates a network of more than 800 retail stores and 14 hardware and construction materials distribution centres. It has nearly 28,000 employees and generated $4.9-billion of annual revenues.

Report an error

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨

Combined Shape Created with Sketch.

Combined Shape Created with Sketch.

Thank you!

You are now subscribed to the newsletter at

You can unsubscribe from this newsletter or Globe promotions at any time by clicking the link at the bottom of the newsletter, or by emailing us at