Lowe's acquires StainMaster

Published: April 22, 2021 at 11:08 a.m. ET

By

Tonya Garcia

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LOW

-0.93%

SPX

-0.01%

Lowe's Cos. LOW, -0.93% announced its acquisition of StainMaster, the carpet and flooring brand. The financial details of the deal were not disclosed. Lowe's has exclusively sold StainMaster carpet for the last decade, and says this expands on that partnership. The acquisition includes all intellectual property and sub-brands. StainMaster will join the Lowe's lineup of private labels, which includes Project Source and Harbor Breeze. Lowe's stock has gained 26.2% for the year to date while the benchmark S&P 500 index SPX, -0.01% is up 10.9% for the period.

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Tonya Garcia

Tonya Garcia is a MarketWatch reporter covering retail and consumer-oriented companies. You can follow her on Twitter @tgarcianyc. She is based in New York. Tonya joined MarketWatch from Moguldom Media, where she was business editor for MadameNoire, a website targeting African-American women with a range of content from personal finance to economics, politics, education and lifestyle and entertainment. She also worked at Mediabistro, and previously handled media relations for MSLGroup’s consumer practice.