There’s a good chance you’ve been to Lowe’s or Ace Hardware at some point. They are both home improvement stores that offer a wide variety of products and services for the DIYer and professional contractor alike.
But are they owned by the same company?
The answer is no. Lowe’s is a publicly traded company that is headquartered in Mooresville, North Carolina.
Ace Hardware, on the other hand, is a cooperative of independently owned stores that are headquartered in Oak Brook, Illinois.
So while they are both in the same business, they are not related beyond being competitors. This is good news for consumers as it offers more choices and competition in the marketplace.
No, Lowe’s and Ace Hardware are not owned by the same company. Lowe’s is a publicly traded company while Ace Hardware is a cooperative of independently owned stores. This offers more choice and competition in the marketplace for consumers.
