Home Depot wraps up acquisition of building products distributor HD Supply
US home improvement retailer Home Depot has wrapped up its previously announced $8 billion acquisition of US building products distributor HD Supply.
Headquartered in Atlanta, HD Supply is a national distributor of maintenance, repair, and operations (MRO) products. The MRO company is active in the multifamily and hospitality end markets.
As per the deal signed last month, Home Depot has acquired HD Supply at $56 per share.
Home Depot acquisition of HD Supply. Photo courtesy of Home Depot Product Authority, LLC.
Craig Menear – chairman and CEO of Home Depot, commenting on Home Depot acquisition of HD Supply, said: “We’re thrilled to welcome HD Supply associates to 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.”
Home Depot acquisition of HD Supply is anticipated to position the former as a major provider in the MRO marketplace.
Furthermore, HD Supply is said to complement Home Depot’s existing MRO business with a strong product offering and value-added service capabilities, an experienced salesforce, and also a vast, MRO-specific distribution network across the US and Canada.