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Regular-article-logo Friday, 22 November 2024

Home Depot eyes Patton deal

Sourcing opportunities for steel-based electrical material for Home Depot

TT Bureau Calcutta Published 25.09.19, 07:21 PM
Sanjay Budhia with the Home Depot team during their visit to Patton International’s Uluberia plant on Wednesday.

Sanjay Budhia with the Home Depot team during their visit to Patton International’s Uluberia plant on Wednesday. (The Telegraph picture)

A team from US retail giant Home Depot on Wednesday visited a manufacturing plant of Patton International in Bengal to explore sourcing opportunities for steel-based electrical material for the chain.

The Atlanta-based company, which has a revenue of over $100 billion, is looking for a sourcing partner for a new private label, which the retailer wants to create for steel conduit electrical fittings.

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Accompanied by Patton International managing director Sanjay Budhia, the Home Depot team, comprising Jim Hovis, president — global sourcing, brand and product development, Rodes Bazzel, head divisional merchandising, and Craig Brown, chief product development merchant, visited the Uluberia plant.

Patton is an exporter of steel stampings and EMT fitting products to several companies in the US. It has six plants in Bengal, spread over 700,000 sq ft area.

“This would be a great leap forward for Patton,” Budhia said after the visit of the Home Depot team.

As of 2018, Home Depot is ranked 23rd on the Fortune 500 rankings of the largest US corporations by total revenue. It operates many big-box format stores across the US and its territories of Puerto Rico, Guam, and the US Virgin Islands, all 10 provinces of Canada; and the 31 states and federal district of Mexico.

Patton has forayed into warehouses in Jonesboro, Arkansas and Norfolk,, in Virginia in the US, to ensure quick delivery of its products to its customers.

This allows on-time delivery to assure customers that their ordered materials are available a call away.

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