Prior to the completion of the initial public offering, Interline Brands would merge with a subsidiary of the new parent corporation. Following the offering, the parent corporation will be named Interline Brands Inc.
The registration statement did not include an offering price range or the number of shares to be sold.
Interline Brands was ranked No. 10 in SUPPLY HOUSE TIMES' Premier 150 listing of PHCP wholesalers. Its operating units include Barnett, Sexauer and Wilmar.
In other news, William E. Sanford, executive vice president and chief financial officer, was promoted to chief operating officer. Charles Blackmon was named vice president and chief financial officer. Laurence Howard was appointed vice president, general counsel and secretary.
John J. (Jack) Gavin was elected to the board of Interline Brands. Ernest K. Jacquet, co-chief executive officer of Parthenon Capital, one of the principal stockholders of Interline Brands, was appointed board chairman.
William S. Green and William R. Pray have resigned as board members to facilitate the addition of independent members to the board. John Kane resigned from the board for personal reasons.
Pray will continue as senior vice president and chief merchandising officer, a position he has held since March 2002.
