MOORESVILLE, N.C.-- Lowe's Companies Inc. (LOW) has beefed up its web portfolio with the acquisition of Allied Trade Group (ATG) Stores, an online retailer of home improvement and lifestyle products based in Kirkland, WA.
Terms of the purchase were not disclosed.
ATG's Stores includes Home Furniture Showroom, Floors & Surfaces and Knobs and Hardware. ATG Stores will remain an independent, wholly-owned subsidiary of Lowe's, including maintaining separate branding and independent assortment planning and merchandising.
"The addition of ATG Stores is a strategic fit, providing more opportunities for Lowe's to be a relevant partner at every stage of the home improvement process and deliver better customer experiences from inspiration to planning to enjoyment," said Robert Niblock, Lowe's chairman, president and CEO. "ATG Stores is an extension of Lowe's commitment to providing consumers with flexibility, simplicity and value, whenever and wherever they choose to shop."
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