Login  |  Register          Free Newsletter Subscription
Zibb
Subscribe to Industrial Distribution
Email
Print
Reprint
Learn RSS

HD Supply returns to acquisition trail

-- Industrial Distribution, 3/1/2008

HD Supply is poised to expand again after a rough year that saw its takeover by a trio of private equity firms, a string of layoffs and branch closings and the sale of at least one of its divisions, CEO Joe DeAngelo told the Builder Online Web site last month.

“2008 is a good year not to be in the headlines for anything that's not customer-service related,” DeAngelo told the Web site, adding that the Atlanta-based building materials distributor plans to open new branches in its hometown, the Northwest and in Chicago—and will get back to its aggressive path along the mergers and acquisitions trail.

“We're going to turn the acquisition engine back on,” DeAngelo said, noting that any purchases are likely to be bolt-ons to existing units.

HD Supply is also entering the private-label market, launching a pair of proprietary brands aimed at retail and commercial customers, and launched a customer service initiative to address the needs of different customers.

DeAngelo told the site that the company will eventually go public, perhaps within five years.

“Going public is a good open discussion” within HD Supply's board, he said. “But this is not going to be a quick strip and flip.”

Email
Print
Reprint
Learn RSS

Talkback

We would love your feedback!

Post a comment

» VIEW ALL TALKBACK THREADS

Related Content

Related Content

By This Author

There are no other articles written by this author.

Sponsored Links

 
Advertisement

More Content

  • Blogs
  • Webcasts

Blogs

  • Jim Haughey
    Notes from Jim Haughey

    April 24, 2008
    Housing bill offers industry hope but at a high cost
    The already passed Senate bill includes billions for tax extended tax loss carry forwards for corporations requested by auto and homebuilding compa......
    More
  • Jack Keough
    Keough's Korner

    March 20, 2008
    Growth in Canadian housing market
    Housing starts in Canada during January rose back over 220,000 units on an annualized basis. That’s above December’s 185,000 units, acc......
    More
  • View All Blogs RSS
Advertisements





eUPDATES
Click on a title below to learn more.

Resource Center E-Alert
ID Channel Report (Twice-Monthly)
Strictly For Sales (Monthly)
Distributor Management and Operations (Monthly)
ID Channel Report News Alert (As News Breaks)
The Electrical Report (Monthly)
Idea File (Weekly)
Supplier Web Locator (Quarterly)
About Us   |   Advertising Info   |   Site Map   |   Contact Us   |   FREE Subscription   |   RSS
© 2008 Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Use of this Web site is subject to its Terms of Use | Privacy Policy
Please visit these other Reed Business sites