The Home Depot® said it will acquire Orlando, FL-based wholesaler Hughes Supply for an aggregate consideration of $3.47 billion, including the payment of $46.50 per outstanding share and the assumption of $285 million in net debt.
The photo of Affiliated Distributors honoring Columbia Pipe & Supply as Affiliate of the Year, Leadership - Plumbing Division (page 58, December 2005 SUPPLY HOUSE TIMES) also included Jeff Pope, president of F.W. Webb Co.
Webstone Co. and Raven Products said that a lawsuit filed in U.S. District Court in June regarding patent infringement relating to Webstone's Isolator® Uni-Flange Ball Valve, has been settled and dismissed.