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Home Depot's $18.25 billion acquisition of SRS Distribution aims to enhance its pro business, which now accounts for a significant portion of its sales. The deal is expected to boost growth amid a challenging market, as Home Depot seeks to leverage SRS's specialized offerings and logistics network to cater to professional contractors. Despite current economic pressures, the acquisition is seen as a strategic move to expand into a $1 trillion market.
Dan Tinker
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
home depot bets on pro business with 18.25 billion dollar acquisition
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Dan Tinker
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17:04 15.11.2024
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