Canadian firm Rona sells its plumbing, heating, ventilation and air conditioning business to...

|By:, SA News Editor

Canadian firm Rona sells its plumbing, heating, ventilation and air conditioning business to Emco Corporation for C$215M ($207.6M). Though the deal will give the company a little breathing room with its cash position, the retailer's 800 stores in Canada are still in limbo with Lowe's (LOW -2.2%) not too shy about its interest to expand into the region.