JACKSONVILLE, Fla. (AFX) - Repair and maintenance product distributor Interline Brands Inc. said Monday it closed its acquisition of American Sanitary Incorporated, a distributor of janitorial and sanitary supplies.
Under the terms of the deal, announced in May, Interline agreed to buy American Sanitary for $127.5 million. At the time of the announcement, Interline said it expected the acquisition to add 2 cents per share to earnings in the second half of the year, although the company didn't raise its guidance.
Analysts polled by Thomson Financial expect the company to report, on average, earnings of 29 cents per share for the second quarter.
Shares of Interline closed up 67 cents, or 2.9 percent, at $24.05 on the New York Stock Exchange.
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