Featured photo: An aerial view of the 1.4 million-square-foot distribution center The Home Depot has purchased in Savannah, GA. (The Home Depot photo)
The Home Depot shared Jan. 29 that it bought the 1.4-million-square-foot Savannah Distribution Center in Georgia that the company has leased since 1995.
SRS Distribution Posts Healthy 3Q Sales Under Home Depot (November 2024)
Terms were not disclosed, but the purchase also includes over 100 acres of adjacent land from the Savannah Economic Development Authority. The transaction was approved at a public meeting on Jan. 23 and subsequently completed on Jan. 29.
Home Depot said the Savannah area has been an integral part of its supply chain for nearly 30 years, due partially to its proximity to the port. The DC supports hundreds of Home Depot locations with products and provides hurricane relief during emergencies. The facility typically employs around 250 associates.
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“This purchase is a testament to the incredible partnerships we’ve built here over the past three decades,” The Home Depot VP of Distribution Heather Tenney said in a Jan. 29 news release. “Savannah’s thriving economic environment and its vital role in our supply chain make this investment a natural progression in our commitment to the community. Our partnership with the Georgia Ports Authority is a critical part of ensuring we can deliver products to our customers quickly and efficiently.”
The company also said the acquisition solidifies its long-term presence in the region, strengthening its decades-long partnership with the SEDA and the Georgia Ports Authority (GPA).
MDM’s 4Q24 M&A Report (store link)
The Home Depot’s Pro operations were No. 8 on MDM’s Top Distributors List for Industrial Supplies, No. 4 for MRO and No. 8 for JanSan, Packaging and Disposables.
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