Lowe’s Completes Acquisition of Orchard Supply Hardware
September 03, 2013
Mooresville, N.C.-based Lowe’s Companies Inc. has acquired Orchard Supply Hardware for $205 million. The acquisition expands Lowe’s presence in California through the addition of 72 Orchard’s smaller-format neighborhood stores. Orchard will continue to operate as a separate, standalone business, retaining its brand and its San Jose headquarters.