Home Depot Subsidiary White Cap Acquires Greenwald Supply
March 15, 2005White Cap Construction Supply Inc., Costa Mesa, CA, a distributor of specialty hardware, tools and materials to construction contractors, continues to expand eastward with the acquisition of Greenwald Supply Inc. and Greenwald Industrial Products Company, Inc, regional mid-Atlantic distributors of construction, building, and specialty materials. Greenwald operates two branch locations in the Mid-Atlantic with estimated annual sales of $100 million.
White Cap was founded in 1976 and acquired by The Home Depot in June 2004. White Cap joined The Home Depot Supply, a division of The Home Depot that fulfills professional customers' needs by offering products and services that complement and supplement the retail store environment.
White Cap Construction Supply is a ...
White Cap Construction Supply Inc., Costa Mesa, CA, a distributor of specialty hardware, tools and materials to construction contractors, continues to expand eastward with the acquisition of Greenwald Supply Inc. and Greenwald Industrial Products Company, Inc, regional mid-Atlantic distributors of construction, building, and specialty materials. Greenwald operates two branch locations in the Mid-Atlantic with estimated annual sales of $100 million.
White Cap was founded in 1976 and acquired by The Home Depot in June 2004. White Cap joined The Home Depot Supply, a division of The Home Depot that fulfills professional customers' needs by offering products and services that complement and supplement the retail store environment.
White Cap Construction Supply is a distributor of specialty hardware, tools and materials for medium- and large-sized contractors. White Cap's customers specialize in new construction: single and multifamily housing, commercial high-rise buildings, highways, bridges, runways and industrial facilities. White Cap has 80 branches and 400 sales professionals nationwide.
Acquisition Rationale
l In keeping with The Home Depot's growth strategy, the acquisition of Greenwald extends White Cap's reach in the specialty hardware, tools and materials market by expanding its customer relationships, adding branch locations in Maryland and Virginia, and enhancing its fabrication capabilities.
l Greenwald has the leading market position in the greater Washington DC area
l The Greenwald commitment to providing outstanding customer service fits with the White Cap culture and customer goals.
l The Greenwald ownership and leadership will continue to play a critical role in the organization.
White Cap Background offers a wide array of more than 65,000 products, including brand name specialty hardware, tools, and materials. The Home Depot Supply is a division of The Home Depot focused on serving the diverse needs of business-to-business customers. The Home Depot Supply is part of the company's planned strategy to serve production homebuilders, facility maintenance professionals, and medium and large construction contractors.
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