Rona aims to capitalize on strong loonie through acquisitions

04/22/2011 | Reuters

Rona, the Canadian home improvement retail chain, is looking to take advantage of economic weakness in the U.S. and the strength of the Canadian dollar by investing up to C$300 million on acquisitions. Robert Dutton, CEO at Rona, said the firm is targeting U.S. businesses. "We realize that we can be the consolidator in this side of the business in the United States," Dutton said.

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