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Lowe’s Completes Acquisition of 72 Orchard Supply Stores
Sep 3, 2013
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Home improvement retailer Lowe's Companies completed its acquisition of most assets of Orchard Supply Hardware, including 72 stores, for $205 million in cash plus the assumption of payables. Lowe's previously announced the acquisition.

Lowe's said Orchard will operate as a separate, standalone business, retaining its brand and its San Jose headquarters.

The acquisition expands Lowe's presence in California through the addition of Orchard's smaller-format neighborhood stores, seen by Lowe's as a natural complement to Lowe's strengths in big-box retail.

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