The Home Depot has announced its acquisition of Wisconsin bedding and bath business The Company Store.
The Company Store operates five retail stores in Wisconsin, Maine and North Carolina, and an online store. Home Depot publicized the purchase Dec. 21, but has not released terms of the deal, such as price. The retailer did not acquire The Company Store’s brick-and-mortar locations.
“The acquisition of The Company Store provides product development and sourcing capabilities to help us expand our online decor business into broader categories across the entire home,” says Craig Menear, Home Depot chairman, CEO and president. “On behalf of our 400,000-plus associates, I want to welcome The Company Store’s talented associates into The Home Depot family.”
The Company Store has been in business since 1911 and sells home textiles, such as sheets, blankets, pillows and bath towels; home decor; and furniture.
Home Depot sees customer demand for the type and quality of products The Company Store specializes in, according to the home improvement retailer.
“The Company Store has a rich history of providing high quality bedding, bath and related products that put the finishing touches on a room,” according to Home Depot. “Their success for more than a century comes from their team’s expertise in developing and sourcing the textiles that make their products special.”
The company acquisition is not Home Depot’s first for the year. In July, the big-box chain announced its purchase of Compact Power Equipment Inc., a national provider of equipment rental and maintenance services, for $265 million.