Lowe’s Announces Acquisition of Dallas’ Artisan Design Group for Over $1.3B

Lowe’s Companies, Inc., a Mooresville, North Carolina-based home improvement-focused company, announced on Monday that it had entered an agreement to acquire Artisan Design Group, a Dallas-based designer, distributor and service provider for interior finishes, for $1.325 billion.

“We are thrilled for ADG to join forces with Lowe’s. Our leading position in flooring, cabinets and countertops, combined with Lowe’s scale and category breadth, will allow us to continue on our growth trajectory while providing an even more differentiated and comprehensive offering to the builders and property managers we serve today,” Steve Margolius, ADG’s CEO, said in a news release.