Lowe’s Completes Orchard Supply Hardware Acquisition

Lowe’s completed acquisition of Orchard Supply Hardware’s majority of assets for approximately $205 million. Orchard will continue to operate as a separate business. Goldman Sachs acted as financial advisor.

Orchard, Lowe’s Sale Receives Court Approval

Orchard Supply and Lowe’s received court approval for the acquisition of Orchard’s assets by Lowe’s. In addition, Richard D. Maltsbarger, Lowe’s business development executive, will become president of Orchard.

Orchard Supply to Proceed with Lowe’s Acquisition

Orchard Supply announced that, after completing a court-approved marketing process, it intends to proceed toward completing the previously announced acquisition agreement with Lowe’s Companies, pending court approval.