Lowe's makes $1.3B acquisition of design distributor with SC ties

Lowe’s drops $1.3B on bold new move to crush natiional rival in housing boom war

Home improvement giant Lowe's has acquired Artisan Design Group (ADG) for around $1.3billion in a bid to enhance its business and compete with Home Depot

Lowe's makes $1.3B acquisition of design distributor with SC ties

Lowe's, the blue-branded home improvement store, has made a billion-dollar deal to acquire a design distribution less than a year after Home Depot made a similar move.

Lowes makes huge $1.3bn move to take on rivals Home Depot

LOWE’S chiefs have announced a new $1.3 billion deal in a move that’s designed to take on competitors such as Home Depot. Execs have confirmed they’ve bought a new design company that specializes in products such as cabinets and worktops. The deal is expected to go through in the coming months, according to the company. Chiefs are buying the Artisan Design Group and bosses have hailed the move. “The acquisition of ADG allows us to build on our m…

Lowe's agrees to acquire Artisan Design Group - Floor Covering News

Mooresville, N.C.—Lowe’s Companies recently entered into a definitive agreement to acquire Artisan Design Group (ADG)—a leading nationwide provider of design, distribution and installation services for interior surface finishes, including flooring— from the Sterling Group, a private-equity interest. The deal is valued at $1.325 billion. “The acquisition of ADG allows us to build on our momentum with Pro planned spend and is expected to expand ou…