Lowe’s said Thursday it will be expanding its private label brands, another move it hopes will help in the competitive home improvement market.
The Mooresville-based company acquired the carpet brand, Stainmaster. Terms of the sale were undisclosed.
“Today’s announcement adds the most trusted and recognized brand in carpet to our lineup of private brands,” Lowe’s CEO Marvin Ellison said in a statement.
Lowe’s was the only home improvement store to carry the brand exclusively for over a decade.
Bill Boltz, executive vice president