Jones Lang LaSalle

Chem-Dry purchased by The Home Depot Inc.

ATLANTA (AP) - The Home Depot Inc., the nation's largest home improvement store chain, said yesterday it has bought the Chem-Dry carpet and upholstery cleaning provider to add to its home installation business.

Terms of the deal between Atlanta-based Home Depot and Logan, Utah-based Chem-Dry were not disclosed.

Chem-Dry will become part of Home Depot's at-home services division, which provides installations of flooring, roofing and cabinetry. Chem-Dry's leadership team will remain in place, Home Depot said.

Home Depot said it has not been determined yet if the Chem-Dry franchises will be carrying the Home Depot name.

Home Depot, with 2,012 stores in the United States, Canada and Mexico and 325,000 employees, recorded $73.1 billion in revenue in 2004. It has not reported full-year revenue for 2005 yet. Chem-Dry, a privately held company with 65 corporate employees and 4,000 franchises worldwide, does not list revenue figures on its Web site.