💨 Abstract

Sure, here's a summary of the article: Home Depot plans to buy GMS Inc., a distributor of specialty building products, in a deal valued at around $4.3 billion. The move is aimed at strengthening Home Depot’s ties with professional contractors. The acquisition is expected to be completed by the end of fiscal 2025. Previously, Home Depot acquired SRS Distribution, a materials provider for professionals in 2024, for about $18.25

Courtesy: WTOP Staff