U.S. – On August 24th The Home Depot announced it has completed its USD 1.62 billion acquisition of Interline Brands, Inc., a leading national distributor and direct marketer of broad-line maintenance, repair and operations (MRO) products with an extensive local distribution network of more than 90 locations throughout the U.S., Canada and Puerto Rico. 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.”

The Home Depot is the world’s largest home improvement specialty retailer, with 2,270 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2014, The Home Depot had sales of USD 83.2 billion and earnings of USD 6.3 billion and employed more than 370,000 associates.