Consumer
Lowe’s Targets Professional Customers in $1.3 Billion Deal
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Lowe’s Cos. has agreed to buy an interior services provider for around $1.3 billion, the retailer’s latest effort to expand its footprint with professional contractors amid a soft housing market.
Artisan Design Group serves homebuilders and property managers, offering design, distribution and installation services for interior surface finishes such as cabinets and countertops. The company generated some $1.8 billion of revenue in fiscal 2024.