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HD Supply sells hardware business back to Home Depot

HD Supply began life as a bid by The Home Depot to enter the professional market. After spinning the pro side off as an independent company in a 2007 restructuring, it seems Home Depot again has a taste for wholesale distribution, at least the fastener side of the business. HD Supply said it will sell its HD Supply Hardware Solutions under undisclosed terms. Home Depot has been the unit’s largest customer, accounting for as much as 98% of its sales.