Home Depot buying supplier to professional contractors in a deal valued at about $18.25B
- Home Depot plans to acquire SRS Distribution for $18.25 billion, aiming to expand its professional customer base in response to slower demand in the home improvement industry.
- Both Home Depot and Lowe's anticipate a sluggish recovery as US consumers scale back on major home renovation projects amidst persistent inflation.
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Leaning Left17Leaning Right4Center32Last Updated29 days agoBias Distribution60% Center