Home Depot completes acquisition of Interline Brands
By Renée Francoeur
August 25, 2015 – The Home Depot says it has completed its $1.625 billion acquisition of Interline Brands, a distributor and direct marketer of broad-line maintenance, repair and operations (MRO) 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.”
Interline brings an extensive local distribution network of more than 90 locations throughout the U.S., Canada and Puerto Rico, the company noted.
“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. “We’re looking forward to a great future.”