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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Home Depot Inc | NYSE:HD | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 342.85 | 49 | 10:49:21 |
From May 2023 to May 2024
By Dean Seal
Home Depot has acquired the appliance delivery and installation company Temco Logistics.
The acquisition was disclosed at the home improvement retailer's annual investor day on Tuesday.
John Deaton, Home Depot's executive vice president of supply chain and product development, said Temco has served as one of the company's largest appliance and bulky delivery partners for over a decade.
"While this acquisition is not material to our enterprise, it is very material to our appliance experience and it is exactly the customer-first mindset we are applying to creating a frictionless customer experience," he said.
Deaton said the acquisition is part of Home Depot's effort to reduce complexity and drive efficiency in its appliance delivery experience.
A spokesperson for Home Depot confirmed that the acquisition has closed but didn't provide financial terms of the deal.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
June 13, 2023 11:51 ET (15:51 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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