Lowe’s selling Ace Canada business to owner of TSC for undisclosed price

It will also transfer agreements with 104 independent Ace Hardware stores in Canada that will see Peavey gradually assume responsibility to supply the stores and its website.

Lowe’s will continue to be wholesale supplier of lumber and building materials for Peavey Industries’ independent dealers after the transition period. The Canadian division of the U.S. retailer says the business being transferred represents less than 10 per cent of to sales volume of Lowe’s affiliated dealer division

“We understand Canadian communities and we are looking forward to building even stronger community relationships, strengthening our bond with our loyal customers,” stated Doug Anderson, president and CEO of Peavey Industries LP. Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening.

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