CRANBURY, N.J., Nov. 18, 2016 /PRNewswire/ -- World and Main, LLC ("World and Main"), a leading provider of products, merchandising and distribution solutions in the home, hardware, and building supply categories, today announced the sale of its Handy Hardware unit ("Handy Hardware") to Hardware Distribution Warehouses, Inc. ("HDW").
"We are pleased to complete the strategic review of our Handy Hardware business. This divestiture is consistent with our focus on growing our core businesses and executing on our long-term strategic plan," said Bryan Yeazel, President and Chief Executive Officer of World and Main. "Handy Hardware has a strong team with a business model that is highly complementary to HDW's. We are grateful to our Handy team for their tireless work and wish them the best for a smooth transition."
Yeazel continued, "This transaction will amplify World and Main's capabilities, allowing us to be a better partner with our customers. We look forward to serving our customers across our broad product offering in the home, hardware, and building supply categories." He continued, "This transaction allows us to redeploy capital to business development activities that further enhance our strategic growth plan."
Terms of the transaction were not disclosed.
About World and Main
World and Main, LLC brings together a unique combination of product development, merchandising, and distribution solutions across the home, hardware and building supply categories. The company is headquartered in Cranbury, New Jersey and has offices in Moody, Alabama, Pottsville, Pennsylvania; Valencia, California and Wuxi, China. World & Main stocks and distributes over 75,000 SKUs of branded and owned brands across 25 product categories. This broad basket of products, coupled with World & Main's exceptional distribution capabilities to all retail and commercial channels, enables the company to deliver on its value proposition: Delivering Simplicity. Facilitating Success. For more information, visit: worldandmain.com.
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SOURCE World and Main, LLC