The appointments are the first since Shale-Inland Holdings was formed to facilitate the purchase of HD Supply’s Industrial PVF business.
The Home Depot benefited from the termination of a secured loan guarantee for HD Supply.
HD Supply’s latest catalog has new products and services.
HD Supply recently announced it would sell its Industrial PVF division to Shale-Inland Holdings. This article looks at the impact of the deal on both companies and what’s next for HD Supply. It includes interviews with the leaders of both firms.
The decision to sell off the industrial PVF division of HD Supply was an easy one, according to CEO Joe DeAngelo. “It was a lot more speculative a business than we wanted to be in,” he said in an interview with MDM. Because of its “tremendous” working capital requirements and volatile ties to commodity markets, the division also had very different operating characteristics than the remaining divisions of HD Supply.
On the other side of the deal, where HD Supply saw a disconnect with its other businesses, Shale-Inland Holdings, a metals service center, saw a great complement. The division provides an inroad to the …
‘It was like tripping over a gigantic jewel on the sidewalk,’ Shale-Inland CEO says.
Shale-Inland Holdings will purchase the business from HD Supply.
White Cap has 133 locations in 29 states.
Losses from continuing operations lessened for the diversified distributor.
HD Supply also provides update on changes to the business.
The Jacksonville, FL, distribution center is the 39th in the company’s North American operations network.
Loss for the diversified distributor lessens to $101 million for the quarter.
Could markets be too fragmented to pull off a consolidation strategy across sectors?
HD Supply’s HVAC/Plumbing division had $421M in sales in 2010.
Shawn Handrahan previously served as the regional vice president of sales for HD Supply Facilities Maintenance’s Eastern Division.
HD Supply posts loss from continuing operations, but sees improvement in some markets.
Gains in the maintenance, repair & improvements sector were offset by declines in specialty construction and infrastructure & energy.
HD Supply also announced the exploration of “strategic alternatives” for its plumbing/HVAC business.
SESCO/QUESCO has five locations in the Toronto area.
The diversified wholesale distribution company recorded a net loss of $99 million for the quarter.
HD Supply also breaks out 2Q performance by market sector.
By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.
Wholesale distribution news and trends delivered right to your inbox.
Sign-up for our free newsletter and get:
