Home Depot to Buy Interline Brands for $1.625B

Home Depot said Wednesday that it agreed to acquire Jacksonville, Fla.-based Interline Brands Inc., a national distributor and direct marketer of broad-line maintenance, repair and operations (MRO) products, for $1.625 billion in cash, subject to customary adjustments. The acquisition has been approved by the shareholders of Interline. It is expected to be completed during The Home Depot's fiscal third quarter, which ends on Nov. 1, 2015. The deal is subject to applicable regulatory approval and other customary closing conditions.