Hughes Supply has acquired the remaining 51% interest of bestroute.com, an online distributor. Bestroute.com will operate as a subsidiary of Hughes Supply.
Hughes Supply has acquired the remaining 51% interest of bestroute.com, an online distributor. The wholesaler had owned 49%, and this acquisition brings its total investment in bestroute.com to about $23 million. Bestroute.com will operate as a subsidiary of Hughes Supply.
"We're confident that a closer tie to bestroute.com's experienced management team and technology resources will help fuel innovation at Hughes, and accelerate our own technology deployment, e-commerce plans and business-development program," said David Hughes, chief executive officer.