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Home Depot Inc. is looking to build up its building-products offerings, as the home-improvement retail giant has reportedly entered a battle to buy ceilings, wallboard and tools supplier GMS Inc.
The late-Thursday report of Home Depot’s buyout offer
by the Wall Street Journal comes a day after roofing products company QXO Inc. made an “unsolicited” bid valued at $5 billion for GMS. It also comes almost exactly a year after Home Depot completed its largest-ever acquisition, the $18.25 billion purchase of roofing, landscaping and pool products distributor SRS Distribution Inc.
This post was originally published on Market Watch
