As one of the largest home improvement retailers in the United States, it’s only natural that people assume Lowe’s owns Lowes Foods. After all, they share a similar name and logo.
However, that is not the case. Lowes Foods is actually owned by a different company altogether.
So, if Lowe’s doesn’t own Lowes Foods, who does? The answer is a bit complicated. Lowes Foods was originally founded in 1954 in North Wilkesboro, NC. It was acquired by Alex Lee, Inc. in 1961.
Alex Lee is a foodservice distribution company that is also based in North Wilkesboro, NC. In turn, Alex Lee is owned by BB&T Corporation. So, while Lowe’s may not own Lowes Foods, there is still a connection between the two companies – they’re both based in North Wilkesboro!
What do you think? Are you surprised to learn that Lowe’s doesn’t own Lowes Foods?
Do you think the two companies should be more closely related? Let us know in the comments!
Is Lowes Foods owned by Lowe’s Home Improvement?
No, Lowes Foods is not owned by Lowe’s Home Improvement. Lowe’s Home Improvement is a large home improvement retailer in the United States, but Lowes Foods is actually owned by a different company altogether.