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Stock impact report

Lowe's to acquire Artisan Design Group for $1.3B [Yahoo! Finance]

Lowe's Companies, Inc. (LOW) 
Last lowe's companies, inc. earnings: 2/26 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Lowe's has agreed to acquire Artisan Design Group for $1.3 billion, the home improvement retailer announced Monday . ADG provides interior design, distribution and installation services for interior surface finishes including flooring, cabinets and countertops. The retailer will purchase Artisan Design Group with cash on hand. The deal is expected to close in the second quarter of this year, pending regulatory approval and other customary closing conditions. The acquisition will expand Lowe's pro services, the retailer said. Lowe's aims to leverage Artisan Design Group's network as America's need for homes continues to grow. ADG generated $1.8 billion in revenue in fiscal year 2024 and has a network of more than 3,200 installers, single-family and multi-family builders and property managers. “With more than 18 million homes needed in the United States by 2033, we expect new home construction will be a major driver of Pro planned spend for the next decade,” Marvin Ellison, Low Show less Read more
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