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twitterRetailer buys chain in Mexico
Friday, May 14, 2004 | 9:05 a.m.
ATLANTA -- Home Depot will double its presence in Mexico with plans to buy Home Mart, the No. 2 player in home improvement in that country.
Buying Home Mart's 20 stores gives Home Depot 39 stores nationwide and broader access to Mexico City, where it opened two stores recently.
Home Depot, already the single biggest player in Mexico's fragmented home improvement market, Thursday didn't say how much it will pay.
The expansion south of the border comes as U.S. store growth opportunities tail off.
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