West Fraser Timber sells Revy Home Centres to RONA Inc. ($220 million)

East met West and the Canadian Home Improvement industry consolidated on May 14, 2001 as Quebec-based RONA Inc. announced the purchase of substantially all of Revy’s home improvement business. Revy, a subsidiary of West Fraser Timber, operates from British Columbia to Ontario. As well, RONA had recently expended into Ontario. RONA paid $220 million for 50 stores with a total of 2.7 million square feet and 5,000 employees. In 2000, Revy’s sales reached $805 million. West Fraser Timber has retained ownership of many of the Revy store locations that will be leased to RONA.

West fraser and Revy were represented by Lang Michener’s Vancouver office by a team consisting of Larry Hughes, Gary Kehler, Michelle Simpson, Candice Alderson (all in respect of mergers and acquisitions), David McInnes (employment), Stacey Handley (real estate), Francois Tougas, Sandra Knowler (competition), and Peter Botz (tax). Cory G. Sherman of Sherman & Associates acted as special counsel to Revy for leasing and Ontario real estate matters.

Acting for RONA was a team from Ogilvy Renault comprised of Bogdan Teofilovici, Laverne jack, Nicole Sigouin, Norman Lieff (real estate), Martin Rochette (benefits and pension), Michael McFadden (employment), Jules Charette (tax) and Denis Gascon (competition) with oversight by RONA’s in-house counsel, France Charlebois.