Lowe’s closes acquisition

MOORESVILLE, N.C. — Lowe’s Cos. has completed the acquisition of Maintenance Supply Headquarters, a distributor of maintenance, repair, and operations products to the multifamily housing industry, for a total value of $512 million. Based in Houston, Maintenance Supply Headquarters operates 13 distribution centres serving customers primarily in the western, southeastern, and south central U.S., with a portfolio of more than 5,300 products. The acquisition is part of Lowe’s outreach strategy to pro customers.