Majority stake Announced Nov 2010
RONA (via Noble) to acquire HVAC distributor/manufacturer Don Park from TerraVest
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Summary
RONA Inc. signed an agreement to acquire, through subsidiary Noble, the assets of Don Park Limited Partnership, an Ontario HVAC distributor/manufacturer owned since 2005 by TerraVest Income Fund. Deal expected to close by end of December 2010, pending regulatory approvals.