Home Depot Acquires Blinds.com
ATLANTA-The Home Depot has purchased blinds.com, the online window coverings retailer, in a deal that closed yesterday.
Terms of the deal were not disclosed. Home Depot plans to work with blinds.com to expand its technology into homedepot.com and the company's stores. The goal will be to improve the entire end-to-end shopping process for window coverings, Home Depot said in its statement announcing the deal.
The blinds.com management team and staff will remain in its headquarters in Houston. Jay Steinfeld, blinds.com's founder and CEO, said, "We will continue to build the blinds.com brand and culture in our own unique way, and we believe The Home Depot is the best partner to help us do this over the long term."
Frank Blake, Home Depot's chairman and CEO, said, "The acquisition of blinds.com positions us well for expansion in the quickly growing online window coverings market. In addition, their unique sales and service model is one we hope to learn from as we continue to create even better interconnected retail experiences for our customers."