Lowe’s closes acquisition of Artisan Design Group

Lowe’s (LOW) announced it has completed its previously announced acquisition of Artisan Design Group, a nationwide provider of design, distribution and installation services for interior surface finishes to home builders and property managers. “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,” said Marvin Ellison, Lowe’s chairman, president and CEO. “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.”