The Home Depot has announced that it has completed the $ 8 billion acquisition of HD Supply Holdings.
HD Supply is an American distributor that markets maintenance, repair and operational products for multi-family and hotel markets.
Craig Menear, President and CEO of The Home Depot, said that “The combination of both companies will enable us to better serve MRO customers, both new and current, and I look forward to seeing the value that this acquisition will bring to our customers. partners, customers and shareholders ”.
The HD Supply acquisition is expected to position The Home Depot as the top supplier in a market of approximately $ 55 billion.