Rona takeover may affect North Okanagan company

By Kiss FM News
February 3, 2016 - 1:26pm Updated: February 4, 2016 - 1:48am

ENDERBY, B.C. — At least one Okanagan business will be watching to $3.2 billion dollar takeover of Rona by U.S. based Lowe's.

North Enderby Timber has been the main supplier nationally to Rona for all it's cedar wood products for a number of years.

NET Vice-President Sean Poggemoeller says Lowe's has been eyeing this takeover for the past six years.

"I don't think it will make really too much of a difference to the Rona stores in the end, especially out here in the west. Slap any name on it, it won't make any difference, as long as you get the service and the right price. That's what people go for."

Poggemoeller says he doesn't expect his contract to change with the takeover either.

"I assume they will go with the giant massive company compared to the small entrant just because Rona will have all their distribution centres and that type of stuff set up to handle it.  I don't think they will do too much with Rona.  They don't want to pull a Target and screw it up."

"We're in the wait a month and see if all the people you talk to in Rona are still there and that kind of thing. We won't told for a little while."

Rona is North Enderby's third largest customer.

Lowe's, based  says it will maintain Rona's store banners and keep its headquarters in Quebec.

It also says it's committed to keeping the vast majority of its current employees at the 500 Rona's in Canada which includes an outlet in Vernon.

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