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Tool Rental Not Affected by Supply Sale, Home Depot Asserts
The Home Depot’s recently announced sale of its HD Supply division to three private equity firms will not impact its tool rental program, Jim Summers, director of tool rental, merchandising and operations, told RER.
“Supply is a portfolio of acquired companies that serve the wholesale distribution market for large professional customers,” Summers said. “The board of directors and our new CEO decided to bring back exclusive focus on the core retail business. Home Depot Tool Rental is an integral part of that strategy. The Tool Rental business exists to enable customers that purchase products from our stores to successfully complete projects with professional grade tools.”
Based in Atlanta, Home Depot Rental is No. 5 on the RER 100.
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© 2008 Penton Media Inc.
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