In Surprise Move, Anixter to Buy HD Supply Power Solutions Unit for $825 Million Cash

In Surprise Move, Anixter to Buy HD Supply Power Solutions Unit for $825 Million Cash

HD Supply Holding, Inc., Atlanta, owner of HD Supply, says it has a definitive agreement to sell its HD Supply Power Solutions business unit to Anixter International for $825 million in cash. The transaction is expected to close in HD Supply’s third quarter of fiscal 2015 subject to customary regulatory approvals. The deal is the largest ever acquisition by Anixter, and suggests a departure for the company.

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