National retailer attempts to expand its professional customer market base
The Home Depot recently entered into an agreement to acquire Costa Mesa, Calif.-based White Cap Construction Supply, a distributor of specialty hardware, tools, and materials that target medium- and large- sized construction contractors. The acquisition is part of The company’s strategy to expand its professional customer market base.
White Cap operates 70 branch locations throughout the United States and employs 1,720 people. The company has estimated annual sales of $500 million and offers more than 65,000 products like brand-name construction materials, hand tools, fasteners, safety equipment, power tools, work wear, and landscape lighting.