HD Supply exploring sale of HVAC business
HD Supply is exploring “strategic alternatives” with respect to its plumbing and HVAC business, according to a filing with the Securities and Exchange Commission. The April 8 filing did not elaborate on the possibilities, except to say that it notified its employees on April 5.
Quiana Pinckney, a company spokeswoman, told HCN that a possible sale of the division “is just being evaluated” because “companies came to our plumbing/HVAC Supply and said they were interested.”
The business is one of the nation’s largest distributors of plumbing and HVAC supplies, including faucets, fixtures, pipe, valves and fittings, pumps and tanks, and water heaters. It has locations in 17 states.