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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Lowes Companies Inc | NYSE:LOW | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 1.15 | 0.49% | 232.605 | 232.71 | 229.00 | 230.51 | 1,014,728 | 20:31:31 |
From May 2019 to May 2024
By Colin Kellaher
Lowe's Cos. Thursday said it has acquired the Stainmaster flooring brand from a unit of Koch Industries Inc., the sprawling conglomerate headed by billionaire Charles Koch, for an undisclosed amount.
The Mooresville, N.C., company, which for a decade has been the only national home-improvement retailer to carry Stainmaster carpet, said the deal includes all related intellectual property, trademarks and sub-brands.
Lowe's said the acquisition of Stainmaster, which will join its private brand portfolio, is part of the "Total Home" strategy it unveiled late last year in a bid to provide products and services for everything a homeowner needs to repair and improve the home.
Lowe's acquired Stainmaster from Invista, the textiles business Koch acquired from DuPont in 2004, in a deal worth about $4.2 billion.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
April 22, 2021 11:11 ET (15:11 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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