The Home Depot announced that it has completed the acquisition of HD Supply Holdings for $ 8 billion.
HD Supply is an EE level distributor. UU. It sells maintenance, repair and operations products in the final multi-family and hotel markets.
Craig Menear, president and CEO of The Home Depot, said that “the combination of the two companies will allow us to provide better service to MRO customers, both new and existing, and I look forward to seeing the value this acquisition will provide to our partners, customers and shareholders “.
The acquisition of HD Supply is expected to position The Home Depot as the leading supplier in a market of approximately 55 billion.