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home improvement retailerCNBC
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75% Informative
Home Depot bought SRS Distribution , a Texas -based company that sells supplies to roofing, pool and landscaping professionals, for $18.25 billion .
SRS CEO: "What we bring to them is an accelerant to their pro strategy" Home Depot has long acted as a convenience store for pros, who might drop in to buy a tool or last-minute item.
Deal buoyed business at a time when consumers are taking on fewer of their own home improvement projects.
SRS is expected to contribute about $6.4 billion in incremental sales this year .
SRS brings a larger and more mature logistics network that can speed up deliveries and lower costs.
Home Depot and SRS are in the early innings of testing how they can bring their operations together.
The retailer is still trying to attract more do-it-yourself sales.
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