The Home Depot has acquired The Company Store, a leading online retailer of textiles and home décor products, from Hanover Direct. The deal closed on December 19 and terms were not disclosed.
Founded in 1911, The Company Store has a history of developing and sourcing textiles across bedding, bath and related categories.
“The acquisition of The Company Store provides product development and sourcing capabilities to help us expand our online décor business into broader categories across the entire home,” said Craig Menear, chairman, CEO and president of The Home Depot.
The acquisition does not include The Company Store’s five retail locations.