The Home Depot, Inc. (HD) acquired GMS Inc. for $5.5 billion, expanding its construction materials sector presence. GMS distributes steel framing, drywall, ceilings, and specialty goods to over 300 locations in the US and Canada. Approximately 79.5% of shares were tendered at $110 per share.

In a move to enhance its B2B operations, The Home Depot, Inc. (HD) introduced a Project Planning digital platform for professional remodelers and tradespeople. This platform enables project planning, order tracking, real-time collaboration with Home Depot employees.

The Home Depot, Inc. (HD) offers building materials, home improvement products, décor, and maintenance solutions in the US and internationally. It is recognized as one of the most profitable stocks in the industry.

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Read more at Yahoo Finance: The Home Depot, Inc. (HD) Successfully Acquires GMS Inc. for $5.5 Billion