US-based home improvement firm Lowe’s Companies has completed its previously announced $512m acquisition of Maintenance Supply Headquarters, which operates distribution centres.
Maintenance Supply distributes maintenance, repair and operations (MRO) products for the multifamily housing industry.
According to Lowe’s, the acquisition will allow it to broaden its relationship with pro-customers and better serve their needs.
First announced last month, the transaction comes after Lowe’s acquired MRO distributor Central Wholesalers last year.
Lowe’s pro-sales senior vice-president Michael Tummillo said: “Together, Maintenance Supply Headquarters and Central Wholesalers expand Lowe’s ability to serve the highly attractive and growing multifamily housing industry while strengthening our foundation for future growth with enhanced product and service offerings.
“With this latest transaction, we look forward to delivering even more value for our pro-customers.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataMaintenance Supply operates 13 distribution centres catering to customers in 29 geographic areas in the western, southeastern and south-central US.
It has a portfolio of more than 5,300 products and value-added services for maintaining and renovating multifamily properties, including appliances, plumbing, HVAC, lighting and hardware.
Lowe’s Companies serves more than 17 million customers a week in the US, Canada and Mexico.
The company and its related businesses operate or service more than 2,370 home improvement and hardware stores.