Lowe’s to buy maintenance supplies retailer for $512M

Lowe’s to buy maintenance supplies retailer for $512M

Mooresville-based Lowe’s Cos. Inc. has agreed to purchase a Texas-based retailer of maintenance supplies for $512 million, a move that will allow Lowe’s to expand its sales to construction contractors. Maintenance Supply Headquarters, based in Houston, operates 13 distribution centers, mainly in the western, southeastern and south-central United States. The company has a portfolio of 5,300 products and services for maintaining and renovating multifamily properties.

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