News | From Lowe‘s

Back

Peavey Industries acquires Ace Canada

Peavey Industries has acquired the master licence of the Ace brand in Canada. Ace Canada has been part of Rona since 2014, following which Rona was taken over in 2016 by the Canadian subsidiary of the US chain Lowe's. The Ace Canada brand consists of a total of 107 stores under Ace Hardware, Ace Country & Garden or Ace Building Centre banners. These stores will all continue to operate under their existing banners, according to the new parent company.

The Peavey Industries cooperative supports the three retail brands Peavey Mart, TSC and Mainstreet Hardware with a total of 92 stores across five Canadian provinces. Its corporate offices in Red Deer, Alberta, and London, Ontario, house large-scale distribution centres. The company is 100 per cent Canadian and employee-owned. Peavey Industries retail outlets have been serving their loyal customers since 1967.

"This is an exciting new chapter for Ace International and the Canadian Ace Hardware retailers," says Jay Heubner, Ace International president and general manager. "We're confident Peavey Industries will provide the independent Ace retailers with the best service and support to help them succeed and ensure the continued growth of the Ace Hardware brand in Canada."

|13 March 2020 | 14:06


SEND
 PRINT 

Post a comment

* Please complete the areas marked in red correctly and in full!.



(will not be published)

* obligatory fields


Latest news

Cesare Epinati new general director at Obi Italia

There's been a shake-up at the top of Obi Italia. The new general director is Cesare Epinati. Epinati has been with Obi since 2015 and has assumed View news...

Adeo to close Zôdio stores in Italy

The French outfit Groupe Adeo is to close its three Zôdio stores in Italy this autumn. This news was reported by the Italian press and the industry View news...

Romanians discover DIY in the pandemic

Many Romanians seem to have discovered DIY for themselves in the Covid-19 pandemic. In an online survey by gabiralea.ro, 60 per cent of participants, View news...

Dedeman and Hornbach open in September

The number of DIY stores in Romania grew by two further major locations in September. At the start of the month, market leader Dedeman opened its View news...

DIY International | Service

DIY International Corona special

The Coronavirus crisis and the DIY industry

All news, reports and information from the DIY International editorial team in connection with the corona epidemic at a glance. The pages are constantly updated. As the situation changes very quickly, please note the date and time of the respective publication.

CORONA special

Actual figures

Statistics Home Improvement Europe


Statistics Home Improvement
This brochure provides a competent overview of the situation in the Home Improvement sector in 31 European countries.

Order now!