The Home Depot's purchase of Apex Supply will cause some attitude adjustments among PHCP wholesalers.
The agreement announced Dec. 13 certainly caused a lot of distributors to sit up and take notice. Ditto for Wall Street: Dec. 14 marked the 52-week high for The Home Depot's stock. By the end of that week, Home Depot had displaced Coca-Cola as Georgia's most valuable company. Apparently industry analysts think that the deal will be as successful for Depot as plumbing wholesalers fear.