U.S. home improvement retailer The Home Depot Inc. announced it has completed its acquisition of Home Mart, a 20-store Mexican chain.
Added to Home Depot's current 19 stores in Mexico, the purchase will give the Atlanta, GA, U.S.-based retailer a total of 39 stores south of the border, and outlets in more Mexican cities. Financial terms were not disclosed.
Home Depot, which entered the Mexican market in 2001, will now reportedly be the largest player in the country's U.S. $15 billion home improvement retail market, the company said.
Home Depot has a total of 1,740 stores in the U.S., Canada, and Mexico. (AP)
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