Lowe's to Build Colorado Flatbed Distribution Center

Henderson facility will serve more than 45 Lowe's stores in seven Western states; retailer's 14th flatbed DC in the United States

Henderson facility will serve more than 45 Lowe's stores in seven Western states; retailer's 14th flatbed DC in the United States

Mooresville, NC March 20, 2006 — Home improvement retailer Lowe's plans to build a new flatbed distribution center in Henderson, Colo., to supply products to more than 45 Lowe's retail stores in seven Western states.

The company will retrofit the former Transportation Management Services, Inc. distribution facility located at 7725 East 88th Avenue in Henderson. Retrofitting a facility such as this represents a $10 to $15 million average investment, including land, construction and equipment, according to Lowe's.

The approximately 200,000-sq. ft. facility is situated on a 19-acre site. Construction will begin immediately and the facility is expected to begin shipping operations in July 2006. The facility initially will employ 35 people.

The flatbed center will receive rail and truck shipments of lumber and building materials from suppliers. Products will then be quickly loaded as customized orders on flatbed trucks destined for Lowe's stores in the West.

"Our flatbed distribution centers play a vital role in Lowe's state-of-the-art distribution network, keeping Lowe's stores supplied with the products our customers want, when they need them and at everyday low prices," said Mike Mabry, Lowe's executive vice president of logistics and distribution. "The ability to refurbish an existing facility to meet our needs, geographic proximity to our growing store base in the West, outstanding workforce and support for the project at local level made this location a win-win solution."

The Henderson flatbed distribution center will service Lowe's stores in Colorado, Wyoming, South Dakota, Utah, Idaho, Montana and New Mexico. The facility will be Lowe's 14th flatbed distribution center in the United States.

With fiscal year 2005 sales of $43.2 billion, Lowe's is the second-largest home improvement retailer in the world and a Fortune 50 company. Based in Mooresville, N.C., the 60-year old company operates more than 1,225 home improvement stores in 49 states.

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