Home Depot completes HD Supply acquisition
The Home Depot has completed its approximately $8 billion acquisition of HD Supply Holdings Inc.
HD Supply is a national distributor of maintenance, repair and operations (MRO) products in the multifamily and hospitality end markets.
"We're thrilled to welcome HD Supply associates to The Home Depot," said Craig Menear, chairman and CEO of The Home Depot. "The combination of the two businesses will enable us to better serve both existing and new MRO customers, and I look forward to the value this acquisition will bring to our associates, customers and shareholders."
The acquisition of HD Supply is expected to position The Home Depot as a premier provider in a highly fragmented MRO marketplace, which the company estimates to be approximately $55 billion. HD Supply complements The Home Depot's existing MRO business with a robust product offering and value-added service capabilities, an experienced salesforce, and an extensive, MRO-specific distribution network throughout the U.S. and Canada.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
