By Anthony Capkun
April 11, 2014 – While announcing its Fiscal 2013 full-year and Q4 results, industrial distributor HD Supply Holdings Inc. revealed it has decided to dispose of its Litemor business, a specialty lighting distributor included within the HD Supply Canada business.
The Recycling Council of Ontario noted Litemor is a registered Take Back the Light supplier. Through the end of May, Litemor clients can continue to obtain lighting products and Take Back the Light recycling from HD Supply by contacting firstname.lastname@example.org or (905) 850-4345 ext. 74609.
Starting June 2014, Litemor clients should visit takebackthelight.ca for a complete list of registered lighting distributors that will provide lighting products and recycling through the Take Back the Light program.
As a result of the intent to dispose of the business, Litemor is being reflected as a discontinued operation for all periods presented, explained HD Supply. The company expects to incur a charge within discontinued operations of between $10 million and $25 million during fiscal 2014 for the disposition of the Litemor business.
The remaining HD Supply Canada business, Brafasco (an industrial MRO distributor specializing in fasteners, power tools and safety products), will be integrated with HD Supply White Cap, noted HD Supply.