Home Depot Adds Interline Brands To Its Arsenal
ATLANTA — The Home Depot®, the world’s largest home improvement retailer, today announced it has completed its $1.625 billion acquisition of Interline Brands, Inc., a leading national distributor and direct marketer of broad-line maintenance, repair and operations (MRO) products.
“We’re delighted to officially welcome Interline’s associates and customers into The Home Depot family,” said Craig Menear, chairman, CEO and president of The Home Depot.
“By joining forces with Interline, we’ll be able to better serve our Pro customers whether in-store, online or at their place of business. We look forward to the value this acquisition will bring to our customers and shareholders.”
Interline brings an experienced outside and national account sales force, fulfillment capabilities across the facilities maintenance market, and an extensive local distribution network of more than 90 locations throughout the U.S., Canada, the U.S. Virgin Islands and Puerto Rico.
“We’re excited to work with The Home Depot’s Pro team to provide MRO customers with a single solution for all of their needs,” said Michael Grebe, CEO of Interline Brands. “In addition, our associates are thrilled to be joining a great company with a similar culture and values. We’re looking forward to a great future.”
About The Home Depot
The Home Depot is the world’s largest home improvement specialty retailer, with 2,270 retail stores in all 50 states, including St. Croix and St. Thomas in the U.S. Virgin Islands, Puerto Rico, Guam, the District of Columbia, 10 Canadian provinces and Mexico.
In fiscal 2014, The Home Depot had sales of $83.2 billion and earnings of $6.3 billion. The Company employs more than 370,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange HD, -3.12% and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.
About Interline Brands
Interline Brands, Inc. is a leading distributor and direct marketer with headquarters in Jacksonville, Florida. As one of the largest national distributors of broad-line facilities maintenance, repair and operations products in North America, Interline serves more than 175,000 customer locations and holds leading market positions in the institutional, multi-family housing and residential end-markets.
The agreement to acquire Interline was previously announced on July 22, 2015.