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M&A Deal Summary

Woolworths and Lowe s Acquire Carboxy Pty

On November 2, 2009, Woolworths and Lowe s acquired business services company Carboxy Pty

Acquisition Highlights
  • This is Woolworths’ 1st and Lowe s’ 1st transaction in the Business Services sector.
  • This is Woolworths’ 2nd and Lowe s’ 1st transaction in Australia.

M&A Deal Summary
Date 2009-11-02
Target Carboxy Pty
Sector Business Services
Buyer(s) Woolworths
Lowe s
Deal Type Joint Venture

Target

Carboxy Pty

Bella Vista, Australia
Carboxy Pty Ltd. is a joint venture between Woolworths and Lowe's Companies, Inc.

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Buyer(S) 2

Buyer

Woolworths

Bella Vista, Australia
Category Company
Founded 1924
Sector Retail
Employees202,846
Revenue 69.1B AUD (2025)
DESCRIPTION

Woolworths is a provider of retail stores services. Woolworths was founded in 1924 and is based in Bella Vista, Australia.

DEAL STATS #
Overall 2 of 9
Sector: Business Services M&A 1 of 2
Type: Joint Venture M&A Deals 1 of 1
Country: Australia M&A 2 of 8
Year: 2009 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1980-01-01 Dick Smith Electronics Pty

Chullora, Australia

Dick Smith is an Australian consumer electronics retailer that was founded in 1968 by entrepreneur Dick Smith and became part of the Woolworths group in 1980. Today Dick Smith employs more than 4,500 people across 325 stores in Australia and New Zealand and in fiscal year 2012 reported sales of $1.6 billion.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-19 Danks Holdings

Braeside, Australia

Danks Holdings Ltd. is a hardware and garden distributor to independent retailers.

Buy -
Buyer

Lowe s

Mooresville, North Carolina, United States
Category Company
Founded 1921
Sector Retail
Employees161,000
Revenue 83.7B USD (2025)
DESCRIPTION
Lowe's Companies' corporate headquarters in Mooresville, North Carolina.
Lowe's Companies' corporate headquarters in Mooresville, North Carolina.

Lowe's is a home improvement retailer with more than 1,800 locations across the US and Mexico. Lowe's was formed in 1921 and is based in Mooresville, North Carolina.

DEAL STATS #
Overall 2 of 10
Sector: Business Services M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-02 Eagle Hardware & Garden

Renton, Washington, United States

Eagle Hardware & Garden, Inc., operates warehouse home-improvement centers in nine Western states.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-29 Allied Trade Group

Kirkland, Washington, United States

Allied Trade Group, Inc., a online retailer of home improvement products.

Buy -
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