Lowe’s Companies, Inc. (LOW) Finalizes Purchase of Artisan Design Group

Lowe’s Companies, Inc. (NYSE:LOW) announced it has completed its acquisition of Artisan Design Group (ADG), a top nationwide provider of design, distribution, and installation services for interior finishes serving home builders and property managers.

Lowe's Companies, Inc. (LOW) Finalizes Purchase of Artisan Design Group

A family excitedly browsing through the aisles of a home improvement retail store.

ADG is a top provider across the US of design, distribution, and installation services for interior finishes such as flooring, cabinets, and countertops. It serves homebuilders and property managers at all levels—national, regional, and local. The company has grown both organically and through strategic acquisitions, helping it expand its reach and strengthen its position as an industry leader.

The deal was first announced in April. According to Lowe’s Companies, Inc. (NYSE:LOW)’s Chairman and CEO Marvin R. Ellison, ADG has built a strong reputation with top US builders through its customer-focused approach and high satisfaction scores. He made the following comment:

“We are pleased to complete this transaction and officially welcome the talented ADG team to Lowe’s. ADG has built an industry-leading position through consistent execution and outstanding customer service, earning strong customer satisfaction scores from the top homebuilders. This acquisition positions us to accelerate our growth in Pro planned spend and expand into an adjacent distribution channel in a highly fragmented, approximately $50 billion market.”

Lowe’s Companies, Inc. (NYSE:LOW), a FORTUNE 100 company, handles about 16 million customer transactions per week across the US. The stock has surged by over 4% in the past 12 months.

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