The Home Depot (NYSE: HD), Atlanta, has completed the acquisition of HD Supply Holdings Inc. for $8 billion. The agreement to acquire HD Supply was announced on Nov. 16.
“We’re thrilled to welcome HD Supply associates to The Home Depot,” said Craig Menear, chairman and CEO of The Home Depot. “The combination of the two businesses will enable us to better serve both existing and new MRO customers, and I look forward to the value this acquisition will bring to our associates, customers and shareholders.”
Home Depot sold HD Supply to private equity in 2007, and HDS went public in 2013. Read more about this deal at the MDM Blog.