Home Depot Acquires The Company Store

Atlanta, GA, December 21, 2017-The Home Depot has acquired The Company Store, an online retailer of textiles and home décor products, include area rugs, from Hanover Direct.

The deal closed on December 19 and terms were not disclosed.

"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.