The Home Depot 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 products. The agreement to acquire Interline was previously announced on July 22, 2015.
“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 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.”
Source: Home Depot