Home Depot buying supplier to professional contractors in $18 billion deal

( ) -q-17- UNDATED (Correspondent Jeremy House) “and pool contractors.”

Home Depot is buying SRS Distribution, a materials provider for professionals.

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TAG: Correspondent Jeremy House reporting.

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VERBATIM: It’s a deal valued at approximately $18.25 billion. The home improvement retailer says the acquisition will help speed up its growth with the contractors. SRS provides materials for those including professional roofers, landscapers and pool contractors.