ATLANTA - Home Depot announced that it has entered into an agreement to acquire White Cap Construction Supply Inc., a leading distributor of specialty hardware, tools, and materials for construction contractors. According to Home Depot, the acquisition is part of its strategy to expand its professional customer market base. Headquartered in Costa Mesa, Calif., White Cap will become part of the Home Depot Supply division.
The acquisition is expected to close within the next 30 days. Terms were not disclosed.