Home Depot announced that it has completed the acquisition of HD Supply Holdings for eight billion dollars.
HD Supply is an American distributor that sells maintenance products, repairs and operations in the final markets of multifamily and hotels.
Craig Menear, president and CEO of The Home Depot, said: “The combination of both companies will allow us to better serve MRO customers, both new and existing, and I look forward to seeing the value this acquisition will bring to our customers. . partners, customers and shareholders ”.
The acquisition of HD Supply is expected to position The Home Depot as the largest supplier in a market of approximately $ 55 billion.