In a homecoming of sorts, The Home Depot will acquire a unit it sold some 13 years ago.
The home improvement giant said it will acquire HD Supply Holdings, a national distributor of maintenance, repair and operations (MRO) products in the multifamily and hospitality end markets. The home improvement giant will pay $56 per share for HD Supply’s common stock for a total deal value of about $8 billion.
The acquisition is expected to position Home Depot as a premier provider in the MRO marketplace.
Source: Chain Storeage
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