Bill Green (entrepreneur)
   HOME

TheInfoList



OR:

The Home Depot Pro, headquartered in Jacksonville, Florida, is one wholesale distributor and direct marketer of maintenance, repair and operations (MRO) products for non-industrial businesses in the United States. The Home Depot Pro distributes products such as
HVAC Heating, ventilation, and air conditioning (HVAC) is the use of various technologies to control the temperature, humidity, and purity of the air in an enclosed space. Its goal is to provide thermal comfort and acceptable indoor air quality. HV ...
, janitorial supplies, plumbing supplies, and
security Security is protection from, or resilience against, potential harm (or other unwanted coercive change) caused by others, by restraining the freedom of others to act. Beneficiaries (technically referents) of security may be of persons and social ...
supplies. The Home Depot Pro was established in 1978 formerly known as Wilmar Industries, founded by William S. Green. In 2000 Wilmar acquired Barnett together forming the company Interline Brands. Gradually Interline Brands diversified their customer base through the acquisitions of Sex auer, Trayco, Barnett, U.S. Lock, Leran Gas Products, Maintenance USA, Hardware Express, and janitorial supply distributors
AmSan AmSan, officially American Sanitary Incorporated, was a janitorial and cleaning products distributor in the United States. It was the largest national distributor that focused on providing janitorial products with revenues over $300 million. It wa ...
, Clean Source and Jan Pak. In 2015 Interline Brands merged five of its janitorial brands into one unified brand called Supply Works."Interline Brands, Inc."
Hoovers Business Intelligence, Company overview
On July 22, 2015, The Home Depot acquired Interline Brands for $1.6 billion. Interline Brands was rebranded in 2018 as The Home Depot Pro. The former brand names of Interline Brands were renamed to The Home Depot Pro Multifamily, The Home Depot Pro Speciality Trades, and The Home Depot Pro Institutional.


History


Wilmar Industries

The origin of Interline Brands first began with ''Wilmar Supply Company'' in 1978. Wilmar was a hardware store in
Collingswood, New Jersey Collingswood is a borough in Camden County, New Jersey, located east of Center City Philadelphia. As of the 2010 U.S. census, the borough's population was 13,926,locksmiths, retail hardware, and contractors. Wilmar Industries acquired Barnett in September 2000 and renamed the umbrella company, Interline Brands in June 2001. Olsztynski, Jim
"Interline Brands’ Unique Vision"
Supply House Times, May 4, 2004
Their guiding principle was to "change as little as possible about the way our customers currently do business with us"."History"
Interline Brands, About Us
Each of the businesses (including Sexauer) retained their identity from the customer's point of view, including salesmen, telephone numbers, products, etc. They realized the value of each company's brand, and preserved sales/marketing relationships built over the years. What did change was behind the scenes in accounting, distribution, and administration, realizing economies of scale. In 2000, Interline had a total of 76 distribution centers, which they were able to shrink to 56 in 2004. A 319,000 sq ft (29,600 m2) national distribution center in Nashville, Tennessee was opened in 2001, reducing the inventory required at the local distribution centers and improving delivery times. In late 2004 Interline went public as NYSE: IBI but was later delisted in September 2012 to become privatized."Interline Brands, Inc."
Interline Brands, Inc. Stockholders Approve Adoption of Merger Agreement, August 28, 2012


Acquisitions and rebranding

To further expand the business of Interline the firm acquired several distributors of cleaning supplies. It first acquired American Sanitary or
AmSan AmSan, officially American Sanitary Incorporated, was a janitorial and cleaning products distributor in the United States. It was the largest national distributor that focused on providing janitorial products with revenues over $300 million. It wa ...
in May 2006 for $127.5 million along with AmSan's own line of products called Renown. Renown has base products such as toilet paper, paper towels, brooms, and cleaning agents. In the 1990s AmSan became a conglomerate by buying 44 independent janitor and sanitary distributors. Some of AmSan's acquisitions are AmSan Eve, AmSan Vonachen-Elton, AmSan Nogg Chemical & Paper, and AmSan West. In 2002 Michael Mulhern became CEO of AmSan. Mulhern moved the headquarters of AmSan from Raleigh, North Carolina to Chicago, Illinois. Under Mulhern AmSan underwent a series of reforms dedicated to increasing profitability. AmSan turned over 40% of its top 35 executives, downsized its office operations, and downsized under-performing distribution centers. By 2005 AmSan had revenues totaling $300 million. American Capital invested $25 million in the recapitalization of AmSan in 2005. AmSan West, which has operations in Sacramento and Los Angeles, was not acquired by Interline Brands. In 2008 AmSan established a sales and distribution territory in Columbus, Cleveland, Pittsburgh, Atlanta and
Nashville Nashville is the capital city of the U.S. state of Tennessee and the seat of Davidson County. With a population of 689,447 at the 2020 U.S. census, Nashville is the most populous city in the state, 21st most-populous city in the U.S., and the ...
. In 2009 a showroom and walk-in store was established in
Fort Myers, Florida Fort Myers (or Ft. Myers) is a city in southwestern Florida and the county seat and commercial center of Lee County, Florida, United States. The Census Bureau's Population Estimates Program calculated that the city's population was 92,245 in 20 ...
. ''Cleansource'', a regional distributor of JanSan products, was acquired in October 2010 for $60.1 million. CleanSource was founded in 1956 in San Jose, California. It distributes janitorial, food service supplies, and MRO products. Customers of CleanSource consist of healthcare, education, and institutional facilities. In 2010 CleanSource generated around $115 million in sales. A regional supplier of cleaning and packaging solutions ''buzzword''">Wikipedia:Use plain English#Buzzwords">''buzzword''called JanPak was acquired in 2012 for $82 million. JanPak was founded in 1945 in Bluefield, West Virginia by James Shott, H. I. Shott, Jr., James Tilson, L. M. Kerley Sr. and B. L. Early. It was first called Paper Supply Company until 2000 when the name changed to JanPak Inc. Mike Shott, James Shott's grandson, was serving as company chair of the board directors at the time of the name change to JanPak. The name changed to JanPak to unite its sister branches such as Charlotte Paper Company or Greenville Paper Company who each were known by a different name. On March 16, 2015, Interline merged AmSan, CleanSource, JanPak, Trayco, and Sexauer into a new national brand called ''SupplyWorks''. ''AF Lighting'' was also sold to Almo Corporation in March 2015 because lighting was a minimal part of the business of Interline Brands.


Purchase by The Home Depot and rebranding

The Home Depot acquired Interline Brands in July 2015 for $1.6 billion from P2 Capital Partners, Goldman Sachs' private equity arm, and the management of Interline Brands. The acquisition of Interline Brands allows The Home Depot access to expand its business to the multi-family sector, hospitality, and industrial area. Craig Menear, CEO of The Home Depot, says that the purchase gives The Home Depot more opportunity to expand in the maintenance, repair, and operations sector that was previously not successful. In January 2016 Michael Grebe retired leaving Kenneth Sweder as the new CEO. In 2017 Interline Brands was renamed to The Home Depot Pro including its brand names except for U.S. Lock. Wilmar Industries was renamed to The Home Depot Pro Multifamily. Barnett was renamed to The Home Depot Pro Specialty Trades. SupplyWorks was renamed to The Home Depot Pro Institutional.


Operations

The company staffs 30 showrooms throughout North America with 70 strategically placed distribution centers stocking over 30,000 products under the brands Wilmar, Barnett, SupplyWorks, Hardware Express, Maintenance USA, U.S. Lock, and Copperfield. Its customer base includes: *Facilities maintenance businesses servicing multi-family housing facilities, educational institutions, lodging and healthcare facilities, government properties and building service contractors *Professional contractors who repair, remodel and build residential and non-industrial facilities *Specialty distributors, including plumbing and hardware retailers. The Interline companies offer plumbing, electrical,
HVAC Heating, ventilation, and air conditioning (HVAC) is the use of various technologies to control the temperature, humidity, and purity of the air in an enclosed space. Its goal is to provide thermal comfort and acceptable indoor air quality. HV ...
, security hardware and janitorial products, but nearly half of Interline's sales are plumbing products. Their goal is to provide premium products at competitive prices with same or next-day delivery. ''"Get It Right. Get It Now."'' is the company slogan. Products are sold using multiple channels: direct sales by national account representatives or field representatives, telephone sales, customer service representatives, direct marketing through flyers & catalogs, "pro centers", vendor managed inventory, and Internet-based service. Most Interline Distribution Centers include a customer center for over-the-counter sales which Barnett customers prefer. In markets with a sizeable customer base but no distribution center, Interline would look for an existing single-location supply house that could be purchased and turned into a "pro center"—a small contractor showroom and pickup facility that stocks high turnover items. Next day delivery is shipped using Interline Brands delivery trucks. Third party carriers such as
UPS UPS or ups may refer to: Companies and organizations * United Parcel Service, an American shipping company ** The UPS Store, UPS subsidiary ** UPS Airlines, UPS subsidiary * Underground Press Syndicate, later ''Alternative Press Syndicate'' or ...
and Saia are also used for customers outside of the next day service area. There are also will call or pick up locations at most Interline Brands locations. Products can be purchased online or through a sales representative. Interline Brands contains eight brand names to serve contractors, specialty distributors, housing maintenance and janitorial needs. The products from these brands are stored in distribution centers and contractor showrooms in the United States and Canada.


Internationally


Canada

In Ontario, Interline Brands has a distribution center in
Mississauga Mississauga ( ), historically known as Toronto Township, is a city in the Canadian province of Ontario. It is situated on the shores of Lake Ontario in the Regional Municipality of Peel, adjoining the western border of Toronto. With a popul ...
under the Barnett and Sexauer brand. Sexauer, a brand of Interline Brands, had a distribution center in Edmonton and Toronto.


The Home Depot Pro Multifamily

The Home Depot Pro Multifamily first began as Wilmar Supply Company in 1978 by William Green and Martin Green in
Collingswood, New Jersey Collingswood is a borough in Camden County, New Jersey, located east of Center City Philadelphia. As of the 2010 U.S. census, the borough's population was 13,926, Wilmar also acquired Ace Maintenance Mart USA, Inc. in 1999. On January 24, 1996 Wilmar went public as (NASDAQ:WLMR) and raise over $47 million. Wilmar expanded into the institutional and lodging facilities by acquiring Sexauer and Trayco in December 1999 for $85 million. Wilmar went private in May 2000 by investment groups that include Parthenon Capital, The Chase Manhattan Bank (now known as JPMorgan Chase Bank) as trustee for First Plaza Group Trust (a GM Pension Fund), Sterling Investment Partners, BancBoston Capital and Svoboda Capital, LLC. William Green still retained the position of CEO William Green. In 2000 Wilmar, based in Moorestown, New Jersey, purchased Barnett, Inc. for $214 million. Wilmar and its acquisitions became an umbrella company under the name Interline Brands in 2001. Michael J. Grebe became CEO of Wilmar in January 2002 and continued to be CEO until January 1, 2016. After Wilmar acquired Barnett the two companies began a program of integrating operations into streamlining the distribution operations. The logo of Interline Brands is colored after Wilmar with red, black and white.


Maintenance USA

Maintenance USA is a low price supplier of maintenance, repair and operations products. It was founded in 1974 as Ace Maintenance Mart USA in San Diego, California and acquired by Wilmar in 1999.


Sexauer

J. A. Sexauer Manufacturing Company was founded in 1921 in Scarsdale, New York by James A. Sexauer. Sexauer was a specialty plumbing parts repair manufacturer and distributor. In December 1999 Wilmar Industries acquired Sexauer from the Dyson-Kissner-Moran Corp. for $85 million. J.A. Sexauer's subsidiary Sexauer, Ltd., based in Toronto, was also acquired by Wilmar. The acquisitions of J.A. Sexauer Manufacturing, Sexauer Ltd., and a similar business called Trayco by Wilmar were referred to as the Sexauer Group. In 2000 Wilmar and Barnett merged to form an umbrella company called Interline Brands. In March 2010 Sexauer added Kohler plumbing products to its plumbing inventory. It is now part of SupplyWorks which then became part of The Home Depot Pro Institutional.


Trayco

Trayco was founded in 1993 in
Florence, South Carolina Florence is a city in and the county seat of Florence County, South Carolina, United States. It lies at the intersection of Interstates 20 and 95 and is the eastern terminus of the former. It is the primary city within the Florence metropolit ...
. Trayco distributes plumbing supplies, light fixtures, and maintenance parts to wholesale retailers or housing units. It is now part of SupplyWorks.


U.S. Lock

U.S. Lock has a wide variety of security locks and accessories from padlocks to door handles. The five national distribution centers for U.S. Lock are located in Brentwood, San Bernardino, Louisville, Charlotte and Jacksonville. U.S. Lock first began as Lawrence Locksmith Supply Corporation in 1974 in
Rockville Centre, New York Rockville Centre, commonly abbreviated as RVC, is an incorporated village located in the Town of Hempstead in Nassau County, on the South Shore of Long Island, in New York, United States. The population was 24,023 at the 2010 census. Histo ...
. In 1988 it was acquired by Waxman Industries, Inc. and renamed U.S. Lock. In 1998 Barnett, Inc. acquired U.S. Lock from Waxman Industries, Inc. for $33 million. U.S. Lock is the only former brand of Interline Brands that retained its name after the acquisition by The Home Depot.


The Home Depot Pro Specialty Trades

The Home Depot Pro Specialty Trades first began as Barnett in 1958 as Barnett Tube Fitting and Valve Company by the Leonard Barnett family. The initial purpose of Barnett was to supply copper tubing to customers through its catalog. In 1972 Barnett changed to Barnett Brass & Copper. Barnett was acquired by Waxman Industries for $12.5 million giving Barnett access to the mail-order market. Waxman Industries formed Barnett, Inc. in 1993 and two years later it reached $100 million in sales. In April 1996 Barnett went public and completed its IPO. Learn Gas Products was acquired by Barnett from Waxman Industries. In November 1997 Forbes ranked Barnett as 60th of the Top 200 Best Small Companies in America. By the end of 1997, Barnett had mailed over 4.5 million flyers for its new 1,800 products. The result of the mailings added 38,000 new customers. In 1998 Barnett, Inc. acquired U.S. Lock from Waxman Industries, Inc. for $33 million. Barnett established its headquarters in the LaVilla neighborhood in downtown Jacksonville, Florida in May 1998. By the end of 1998 Barnett also acquired U.S. Lock from Waxman Industries for $33 million. Waxman Industries, which owned 44% of Barnett, underwent a plan of financial restructuring that included the sale of its Barnett stock by December 2000. With Barnett now private the New Jersey company Wilmar Industries acquired Barnett in 2000 for $214 million due to its similar operations.


Leran Gas Products

Leran Gas Products was established in 1968 as a
business-to-business Business-to-business (B2B or, in some countries, BtoB) is a situation where one business makes a commercial transaction with another. This typically occurs when: * A business is sourcing materials for their production process for output (e.g., a ...
distributor of
propane Propane () is a three-carbon alkane with the molecular formula . It is a gas at standard temperature and pressure, but compressible to a transportable liquid. A by-product of natural gas processing and petroleum refining, it is commonly used a ...
gas products to the
liquefied petroleum gas Liquefied petroleum gas (LPG or LP gas) is a fuel gas which contains a flammable mixture of hydrocarbon gases, specifically propane, propylene, butylene, isobutane and n-butane. LPG is used as a fuel gas in heating appliances, cooking e ...
industry of the United States. It is the only national distributor of
propane Propane () is a three-carbon alkane with the molecular formula . It is a gas at standard temperature and pressure, but compressible to a transportable liquid. A by-product of natural gas processing and petroleum refining, it is commonly used a ...
gas products such as Noritz, Tracpipe, and Marshall Excelsior. Barnett acquired Leran Gas Products in 1997.


Hardware Express

Hardware Express is a supplier for hardware retailers and wholesalers that focuses on a quick response to high-velocity items and daily deliveries. Products of Hardware Express are sold through a 17,000 item catalog, direct mail marketing, inside sales representatives, or online. Hardware Express was acquired by Barnett and is a brand of Interline Brands.


The Home Depot Pro Institutional

The Home Depot Pro Institutional first began as the Interline Brands subsidiary SupplyWorks. SupplyWorks was the result of five previous brands acquired over time by Interline Brands and merged into one unified brand. The re-branding makes SupplyWorks easier to grow under one brand instead of multiple brands. President & COO President & COO Kenneth Sweder says on the creation of SupplyWorks, "The launch of SupplyWorks punctuates the growth strategy we've been pursuing to build a leading share position in the highly fragmented institutional facilities maintenance end market". The products of SupplyWorks produce $850 million, making up half of Interline Brands annual revenue. ''Supply'' stands for products and the ''Works'' represent everything the products do for the customer. The products of SupplyWorks consist of a variety of cleaning solutions and janitorial supplies. There are over 3,000 brand supply partners of SupplyWorks such as
Georgia-Pacific Georgia-Pacific LLC is an American pulp and paper company based in Atlanta, Georgia, and is one of the world's largest manufacturers and distributors of tissue, pulp, paper, toilet and paper towel dispensers, packaging, building products and r ...
, Dart Container, 3M, Diversey,
Kimberly-Clark Kimberly-Clark Corporation is an American multinational personal care corporation that produces mostly paper-based consumer products. The company manufactures sanitary paper products and surgical & medical instruments. Kimberly-Clark brand n ...
and Spartan. SupplyWorks also has products unrelated to janitorial brands such as corrugated boxes, disposable food packaging and MRO products. Products can be purchased online or through a sales representative. After The Home Depot acquired Interline Brands it had also acquired the SupplyWorks brand. The Home Depot renamed SupplyWorks to The Home Depot Pro Institutional in 2019.


Operations

SupplyWorks has over 68 distribution centers throughout the United States along with 100 delivery vehicles. Next day delivery is shipped using SupplyWorks delivery trucks. Third party carriers such as
UPS UPS or ups may refer to: Companies and organizations * United Parcel Service, an American shipping company ** The UPS Store, UPS subsidiary ** UPS Airlines, UPS subsidiary * Underground Press Syndicate, later ''Alternative Press Syndicate'' or ...
is also used for customers outside of the next day service area. There are also will call or pick up locations at most SupplyWorks locations. The customer base of SupplyWorks is property management, contractors,
health care Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people. Health care is delivered by health profe ...
and educational facilities.


Marketing

After the re-branding of JanPak, CleanSource, Trayco, AmSan, and Sexauer into SupplyWorks, the new company applied a marketing strategy to increase revenue with expanded customers. The announcement of the new brand SupplyWorks was made at EverBank Field, with fireworks and a promotional video on the scoreboard to start the new brand announcement. CEO Michael Grebe said that "it's easier to grow one brand instead of five." The SupplyWorks brand is also advertised on the scoreboard during Jacksonville Jaguars games. By being under one unified brand, SupplyWorks can now nationalize the commercial building supply business. The
AmSan AmSan, officially American Sanitary Incorporated, was a janitorial and cleaning products distributor in the United States. It was the largest national distributor that focused on providing janitorial products with revenues over $300 million. It wa ...
brand Renown is still distributed by SupplyWorks and marketed under Interline Brands. The company has a website and mobile app, with customer tools to create favorites lists, custom catalogs, and bin labels.


Exclusive Products

Interline Brands has several exclusive products streamlined under Wilmar, Barnett, Maintenance USA, Hardware Express, US Lock and SupplyWorks. *Anvil Mark - Door hardware *Appeal - Paper towels, Toilet paper *Bala - Ceiling fans *Designer's Touch - Window blinds *DuraPro - Toilet accessories *Garrison -
HVAC Heating, ventilation, and air conditioning (HVAC) is the use of various technologies to control the temperature, humidity, and purity of the air in an enclosed space. Its goal is to provide thermal comfort and acceptable indoor air quality. HV ...
units *Legend - Door handles *Legend Force - Safety accessories *Monument - Exhaust and ventiliation fans *Premier - Plumbing supplies *Preferred Industries - AC power plugs and sockets accessories *PremierPlus - Bathroom accessories, Piping and plumbing fitting, Plumbing supplies *ProPlus - Bathroom accessories *Sentinel - Smoke detectors and Carbon monoxide detectors *Yukon


Renown

Renown is a private-label product owned by Interline Brands since the acquisition of
AmSan AmSan, officially American Sanitary Incorporated, was a janitorial and cleaning products distributor in the United States. It was the largest national distributor that focused on providing janitorial products with revenues over $300 million. It wa ...
in 2006. Renown consists of cleaning and janitorial products, such as trash bags, paper towels, toilet paper, cleaning agents, rubber gloves, and mops. It is currently marketed under the SupplyWorks brand.


References

Wilmar Industries changes its name from Wilmar Industries Inc to Interline Brands Inc https://www.sec.gov/Archives/edgar/data/1250189/000095014203001142/forms-4.txt


External links

* {{DEFAULTSORT:Home Depot Pro, The Companies based in Jacksonville, Florida Business services companies established in 1978 Companies formerly listed on the New York Stock Exchange Distribution companies of the United States Wholesalers of the United States 1978 establishments in New Jersey The Home Depot 2004 initial public offerings 2015 mergers and acquisitions American corporate subsidiaries Industrial supply companies