August 7, 2012, 11:55 AM

Home Depot buys a home improvement supplier for $93 million

U.S. Home Systems makes kitchen and bath remodeling products.

Lead Photo

The Home Depot Inc. is buying U.S. Home Systems Inc., an exclusive supplier of kitchen and bath remodeling products to the home improvement retailer, for $93.4 million, Home Depot announced today.

Home Depot, No. 42 in the Internet Retailer Top 500 Guide, is paying $12.50 per share for U.S. Home Systems, which has 7.47 million outstanding shares. That price is a 38% premium over U.S. Home Systems’ closing price of $9.06 on Aug. 6. Home Depot expects to close the deal by the end of 2012.

A Home Depot supplier for more than 10 years, U.S. Home Systems makes products to reface kitchen and bath cabinets, and closet and garage organizational shelving and racks. It also provides installation services.

“By formally bringing U.S. Home Systems into the Home Depot family we expect to further enhance our customers’ home service experience,” says Kevin Hofmann, Home Depot senior vice president of home services. “Strategically we want to unify our customers’ home services experience under The Home Depot brand,” a Home Depot spokeswoman says.

In 2011, Home Depot’s web sales totaled an estimated $634 million, according to the Top 500 Guide.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Elizabeth Jackson / E-Commerce

What online apparel shoppers want

They want good imagery, and they’re apt to buy related products. They don’t take a ...

FPO

Walt Blum / E-Commerce

An e-retailer’s guide to personalized marketing

If data is the foundation of effective personalized marketing, then customer segmentation and personas are ...

Advertisement