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Home Depot

Home Depot Acquires SRS Distribution – Paves the way for enhanced home improvement solutions

Home Depot, Inc. announced on March 28, 2024, that it has entered into a definitive agreement to acquire SRS Distribution Inc., for a total enterprise value (including net debt) of ~$18.25bn. The transaction is expected to be funded through cash on hand and debt. Moreover, the transaction is expected to close by the end of 2024, subject to customary closing conditions, including regulatory approvals.
Home Depot
HD has agreed to acquire SRS Distribution Inc., a leading company in supplying materials to professional roofers, landscapers, and pool contractors.
McCormick & Company
In the U.S., Cholula salsas in the Mexican aisle and branded food service items like Frank’s Mild Wings Sauce and Frank’s Nashville Hot were successful in attracting new consumers. In the U.K. and Australia, Cholula hot sauce contributed to the growth of the category.
PEP launched a new product called bubly burst, following the success of its bubly sparkling water in 2018. It’s like the previous bubly drink but with more intense fruity flavors and no added sugar.
Mondelez International
MDLZ continue to make strong progress in executing its growth strategy. It has managed to stabilize its chain in the U.S. and has expanded its reach by adding over 600,000 stores in emerging markets.
The company remains confident in China’s long- term market potential despite facing increased competition in the mass market segment. It anticipate significant changes in the market landscape over time, with increased competition eventually leading to a more diverse and mature market.
KO is strategically expanding its beverage portfolio across different markets, particularly focusing on North America and Europe to cater to a wider range of consumers while also appealing to different pricing preferences.
H&M is making strategic investments in technology and AI to enhance accuracy and quantification. This includes improvements in size availability, quicker response times, and more precise product purchasing.
The companies have signed a termination agreement that resolves all outstanding matters from the transaction, including Amazon paying iRobot the previously agreed upon termination fee.
The company is actively working to reduce excess inventory in North America, and it is focusing on selling products at full price through its own channels. This could affect its overall revenue growth.
Campbell Soup
The key to Goldfish’s success is its consistent innovation. It has recently launched a special holiday flavor called Goldfish Elf Maple Syrup Grahams, which is a partnership with Warner Bros. Discovery to celebrate the movie Elf’s 20th anniversary.
LULU expects to open approximately 25 net new company operated stores in Q4FY24. Moreover, the company expect to open approximately 55 net new company-operated stores in FY24. The new store openings, will include approximately 35 stores in its international markets, with the majority of these planned for China.