Reported 1 day ago
Home Depot has acquired building products distributor GMS for $4.3 billion to strengthen its position in the commercial contractor market. This move comes as DIY home projects decline due to a slowdown in home sales and high interest rates. The addition of GMS, which operates 320 distribution centers, allows Home Depot to deepen its professional market presence, complementing its previous acquisition of SRS Distribution.
Source: YAHOO