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Professional Customers

All articles tagged with #professional customers

"Home Depot's $18.25 Billion Acquisition of SRS Distribution Signals Major Pro Sales Expansion"

Originally Published 1 year ago — by Reuters

Home Depot is set to acquire building materials supplier SRS Distribution in an $18.25 billion deal, aiming to expand its professional customer base amid slower consumer demand for home improvement projects. The acquisition will provide Home Depot with access to SRS' warehouse network and delivery fleet, allowing the company to better serve professional builders and contractors. This move reflects Home Depot's focus on driving sales and profitability by enhancing the customer experience, particularly for larger contractors who have faced logistical challenges with the company in the past.

business business acquisition building-materials business home-depot professional-customers srs-distribution

"Home Depot's $18 Billion Acquisition of SRS Distribution Targets Pro Customer Growth"

Originally Published 1 year ago — by USA TODAY

Home Depot is acquiring SRS Distribution for $18 billion in a move to attract more professional customers, particularly contractors and construction companies. SRS, a distributor of supplies for professional roofers and contractors, is expected to operate independently within Home Depot and will help the retailer expand its pro business. The acquisition is part of Home Depot's strategy to bolster its e-commerce sales, open new distribution centers, and strengthen its position in the professional customer market.

business business acquisition business contractors home-depot professional-customers srs-distribution