Home Depot buys Blinds.com

Home improvement giant Home Depot announced Thursday it had acquired Houston-based window coverings retailer Blinds.com.

The details of the deal were not disclosed.

Home Depot said it was hoping to learn from Blinds.com's home service practices.

"We're delighted to welcome the Blinds.com team into The Home Depot family," said Frank Blake, chairman & CEO of The Home Depot. "The acquisition of Blinds.com positions us well for expansion in the quickly growing online window coverings market. In addition, their unique sales and service model is one we hope to learn from as we continue to create even better interconnected retail experiences for our customers."

Blinds.com's management team will remain at its Houston headquarters and maintain its own brand, even after the acquisition.

[Yahoo Finance]