HD Supply’s fiscal first-half sales down 2.8% from last year.
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Latest In HD Supply
First quarter net loss for the diversified wholesale distributor was $202 million.
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Catalog supplement includes more than 1,400 new products for senior care facilities.
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John Stegeman recently spoke with MDM about his new role as executive president.
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New catalog offers 4,000 new products and expands customer training program through HD Supply Facilities Maintenance.
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Sales declined 24% from fiscal year 2008.
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Nearly every distributor took a beating in 2009. A few are still getting kicked while they’re down. If you’re a competitor to Airgas or HD Supply, that turmoil couldn’t come at a better time.
Case 1: Airgas is in a fight for its life. In February, Air Products made a hostile bid for Airgas. It has been getting more hostile since. The investor analysis by Air Products is at www.airgasoffer.com. And here are the documents Airgas has produced for its investors to fight the offer.
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John Stegeman will join HD Supply as executive president, effective April 12.
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New organization will have a national footprint dedicate to the hospitality industry.
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MDM’s list of headline-makers in 2009.
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The diversified wholesale distributor recorded a loss of $267 million for the quarter.
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HD Supply Facilities Maintenance, San Diego, CA, released its new Commercial Product Line Catalog, featuring more than 3,000 products for use in mid and high-rise buildings.
“Commercial product expansion is one of our key initiatives for 2009," said Robin Soehl, vice president, marketing and business development. "During these challenging economic times, our customers are looking to reduce the number of suppliers they do business with to streamline their purchasing process. The stocking of these products enhances our ‘one-stop shop’ value proposition."
The product expansion and new catalog was created to better serve the unique needs of customers with mid and high-rise buildings as well as customers with a need for commercial grade products. The catalog features an expanded …
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With the acquisition of ORCO Construction Supply, HD Supply White Cap Construction Supply business is taking advantage of ways to grow in a tough marketplace. ORCO filed for bankruptcy protection at the end of April; it will surely not be the last distributor to be purchased out of bankruptcy. White Cap president Tom Lazzaro spoke with MDM about the acquisition and other initiatives the distributor is pursuing.
CEO Joe DeAngelo told MDM after Home Depot sold HD Supply in 2007 that acquisitions would remain a key growth strategy for the wholesaler-distributor. He saw plenty of opportunities in particular for the company’s specialty construction business, White Cap Construction Supply.
Yet as the marketplace crumbled – led by the …
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HD Supply White Cap, Costa Mesa, CA, has agreed to purchase OCRO Construction Supply Inc. for $17 million. Headquartered in Livermore, CA, ORCO operates 11 distribution centers and two rebar facilities in California, Arizona and Nevada. The sale is expected to close on June 1, 2009.
HD Supply White Cap has great depth in the western markets where we currently operate and will continue to offer ORCO’s customers high-quality services and a broad assortment of products, which they have come to count on, said Peter Alexander, ORCO’s CEO and president.
ORCO Construction Supply will be integrated into the HD Supply White Cap business and will begin operating under the HD Supply White Cap brand following the closing of the transaction. ORCO …
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HD Supply White Cap, Costa Mesa, CA, has agreed to acquire ORCO Construction Supply in Livermore, CA. ORCO is an independent supplier to construction professionals in California, Arizona and Nevada, operating out of 11 distribution locations and two rebar facilities.
The acquisition of ORCO’s assets provides HD Supply White Cap with an increased ability to provide world-class service to our existing and prospective customers, said Tom Lazzaro, president of HD Supply White Cap.
ORCO Construction Supply will be fully integrated into the HD Supply White Cap business and will begin operating under the HD Supply White Cap brand following the closing of the transaction. …
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HD Supply Facilities Maintenance, San Diego, CA, a distributor of maintenance products and operating supplies to the multifamily industry, released its 2009 catalog with 20,000 stocked maintenance, repair and operating (MRO) products, including 2,800 new items. The catalog 1,600 page catalog is also available at www.hdsupplysolutions.com in a fully searchable electronic format.
Now more than ever in these tough economic times, our customers are looking to us to provide them with choices, said Anesa Chaibi, president of HD Supply Facilities Maintenance.
New listings in the 2009 catalog include metal halide fixtures that meet the Federal Energy Independence & Security Act and the most commonly used products in compliance with the Virginia Graeme …
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According to a Reuters report earlier this month, private equity firm Bain Capital wrote down 35 percent of its investment in HD Supply to $617 million. Like many banks and other investors during the M&A boom period, Bain is now taking a hit on the value of its investment made in better times.
Home Depot sold its HD Supply wholesale distribution unit to a trio of private equity firms – Bain Capital, Clayton Dubilier & Rice, and Carlyle Group – in August 2007. The terms were as follows: Purchase price of $8.5 billion, The Home Depot to own a 12.5% equity interest for $325 million, and The Home Depot guaranteed a $1 billion senior secured loan. The acquisition included a portfolio of 11 businesses and HD Supply Canada, and total annual revenues of $12 …
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HD Supply, diversified wholesale distributor in the infrastructure and energy, maintenance, repair and improvement and specialty construction markets, has reached an agreement with The Home Depot, Atlanta, GA, related to post-closing purchase price adjustments from the sale of HD Supply in August 2007.
Home Depot sold HD Supply to three private equity firms for $8.5 billion, with the Home Depot retaining a 12.5% equity stake in the company.
Under the terms of the agreement, HD Supply will receive a payment of $22 million and other non-cash considerations.
"We are very pleased to have reached an agreement and to put this matter behind us," saidJoe DeAngelo, HD Supply’s Chief Executive Officer, …
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HD Supply White Cap, Arlington, TX, a distributor of specialty hardware, tools and materials for large and medium-sized professional contractors, has opened a 44,000 square foot distribution center and regional offices located at 400 International Parkway in Arlington, Texas. The facility will improve inventory availability throughout the South Central markets by consolidating all purchasing, receiving and distribution activities for more than 300 vendors. The new distribution center is the final phase of HD Supply White Cap facility consolidation efforts taking place in the South Central region since 2006.
HD Supply White Cap offers products including concrete and masonry tools and accessories, wood and plastics, all trade hand and layout tools, tilt-up …
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Distributors focused on residential construction markets have had to find ways to adapt to the relatively nonexistent new housing market over the past year. Joe DeAngelo, CEO of HD Supply, told me in a recent interview that he credits his company’s exposure to diverse markets as reason it’s managed to stay afloat in current conditions.
But those diverse markets are starting to feel the pinch, as well. Infrastructure projects, which DeAngelo refers to as having endless critical demand,”are starting to fall off. According to a recent article in the Wall Street Journal, cash-strapped cities like Philadelphia, Phoenix and Atlanta are requesting money from the federal bailout plan to help fund …
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