Enter to win every day in CTNOW's 21 Days of Summer Giveaways. Click here to see today's prize.

The Home Depot

Home Depot paying $1.63 billion for Interline

The Home Depot Inc. is buying Interline Brands Inc., which distributes maintenance and repair products, for just under $1.63 billion in cash. The deal is expected to close by November and to add to Home Depot's earnings in the current financial year. Jacksonville, Florida-based Interline is a national distributor and direct marketer of maintenance and repair products. The company serves more than 175,000 customer locations. Atlanta-based Home Depot said the purchase will help address the needs of the home-improvement retailer's professional customers. Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or...