Ace and Lowe s are two of the most well-known retailers of hardware in the US. There are currently 2,000 Lowe’s stores in operation and 5,000 Ace hardware stores around the United States.
If you’re a fan of hardware outlets, you may be wondering whether is Ace Hardware owned by Lowes and how these companies are similar and different.
Does Lowes own Ace hardware in reality? Well, I figured out through research and found out important information!
Is Ace Hardware Owned By Lowes?
No it is not! Lowe’s and Ace Hardware are two of America’s most iconic stores. But contrary to popular belief, Lowe’s is not actually owned by Ace Hardware or vice versa.
Lowe’s is actually owned by Carl Buchan, while Ace Hardware is an affiliate of the SM Group of Companies.
This obscure business relationship means that Ace Hardware cannot sell Lowe’s products, and vice versa.
However, Lowe’s and Ace Hardware both provide similar services and products, including tools, raw materials, equipment for rent, and more.
The main way that Lowe’s and Ace Hardware differ from each other is in their business models.
Does Lowe’s Own Ace Hardware?
Lowe’s and Ace Hardware are two of the most well-known stores in America. But, who actually owns Lowe’s? And who owns Ace Hardware?
Lowe’s is owned by Carl Buchan, whereas Ace Hardware is an affiliate of The SM Group of Companies. The SM Group is made up of over 100 companies, including Ace Hardware.
So, while Lowe’s and Ace Hardware are separate entities, they both belong to a much larger company.
Who Owns Ace Hardware?
Ace Hardware is an affiliate of The SM Group of Companies, which includes some of the largest hardware stores in the United States.
This relationship allows Ace to provide customers with a greater selection of products and services, as well as to benefit from the experience and resources of The SM Group.
Are Lowes And Ace Hardware The Same?
In the hardware retail marketplace, there are two retailers that are considered independent but share the same hardware retail marketplace.
These two retailers are known as competitors, and they both sell a wide variety of hardware products.
One of the main reasons these two retailers are considered to be competitors is because they both sell a wide variety of products.
Additionally, these retailers both offer competitive prices on their hardware products.
Who Owns Lowe’s?
As of now, Lowe’s does not have a central owner since it’s a publicly-traded organization without a majority shareholder.
Lowe’s Companies, Inc. is an American home improvement retailer and building products supplier.
The company has over 2,500 stores in the United States, Canada, and Mexico, as well as a webstore. Lowe’s is headquartered in Mooresville, North Carolina.
Marvin Ellison is the chairman, president and chief executive officer of Lowe’s Companies Inc.
Ellison joined Lowe’s in 2018 and has been with the company through several phases of growth and transformation.
Is Lowe’s Bigger Than Ace Hardware?
There are many reasons that Home Depot and Lowe’s stores are typically much larger than Ace Hardware stores. For one, Home Depot and Lowe’s have a wider variety of products.
Additionally, Home Depot and Lowe’s both offer construction materials, whereas Ace Hardware focuses more on hardware and gardening supplies.
Finally, Home Depot and Lowe’s offer more services such as car repairs and home improvement projects.
How Are Lowe’s And Ace Hardware Related?
Ace Hardware as well as Lowe’s are similar stores since they sell similar products and also operate within the DIY market.
For instance, famous products sold out at Ace Hardware and Lowe’s include the following;
Raw materials such as lumber, paint, glass among others
Also, both stores offer services within their stores such as;
- Cutting materials
- Tools as well as other equipment available for rent
- DIY and hardware expertise through employees
How Does Lowe’s Defer From Ace Hardware?
Lowe’s and Ace Hardware are two of the most popular stores in America.
They both have a variety of items and services, but their business models differ. Lowe’s operates as a chain, while Ace is a independent store.
For instance, Lowe’s is a part of a larger retail chain, whereas Ace Hardware is a retail-owned cooperative that independent owners can purchase.
Ace Hardware has a wider variety of products and services, including items not found at Lowe’s.
In addition, Ace Hardware has a more informal atmosphere, with staff who are more likely to know their customers and help them find what they’re looking for.
Ace Hardware is not owned by Lowe’s, while Ace Hardware does not own Lowes. Lowes is owned by Carl Buchan, while The SM Group of Companies owns Ace Hardware.
That said, both Lowe’s and Ace Hardware sell similar products, including tools, raw materials, rent equipment, and more.
The main way Lowe s and Ace Hardware differ is in their business models.