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Rona and its private equity partner have announced the acquisition of All-Fab Group, one of the largest building solutions providers across Western Canada. AFG has served the needs of building contractors, building owners, and dealers across western Canada for over 50 years. The transaction aims to provide AFG with additional resources to accelerate growth and invest in products and capabilities to better serve developers, builders, and families across western Canada and the United States. Closing terms for the transaction were not disclosed.<\/p>\n
The federal Competition Bureau has entered into a consent agreement with Rona to address competition concerns related to its proposed acquisition of All-Fab Building Components. A bureau review concluded that the proposed transaction would likely result in a substantial lessening of competition in the design, supply and manufacturing of roof and floor trusses used in housing construction in the Saskatoon, Sask., area. Specifically, the bureau found that the loss of rivalry between Rona and All-Fab would likely result in higher prices and fewer options for customers in the area. To resolve the bureau\u2019s concerns, Rona has agreed to sell a truss manufacturing facility that it owns in Martensville, Sask. The sale will be made to an independent purchaser to be approved by the Commissioner of Competition. The bureau says it is satisfied that the sale will resolve the competition concerns that could result from the proposed transaction. A consent agreement contains remedial measures meant to address the likely anti-competitive effects of a merger. It has the force and effect of a court order once it is registered with the Competition Tribunal.<\/p>\n