USA - The Home Depot, the largest home improvement retailer globally, has finalized a definitive agreement to purchase International Designs Group (IDG).

IDG is a platform company that oversees Construction Resources and other design-oriented subsidiaries.

Construction Resources, a prominent distributor of design-oriented surfaces, appliances, and architectural specialty products, caters to professional (Pro) contractors specializing in renovation, remodeling, residential home building, and multi-family projects.

The Pro spend represents a USD 475 billion addressable market, and The Home Depot is focused on capturing a larger share by building capabilities to serve Pros of all sizes – from Pros working on smaller jobs to larger, more complex projects.

The acquisition combines Construction Resources' expertise in complex, cross-category professional projects with The Home Depot's scale, product authority and distribution expertise.

The acquisition is subject to customary closing conditions and regulatory approvals and is anticipated to be finalized by the end of 2023.