R.P. Lumber Co. Inc. plans to acquire Guyot Lumber & Hardware, an independently owned retailer of hardware, lumber and building materials in Perryville, Missouri. The transaction, scheduled to close on Nov.1 marks R.P. Lumber’s eighth acquisition this year and its …
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Judge Shares Concerns With Direction of True Value Bankruptcy Filing
In a transcript obtained by Hardware Retailing from an emergency discovery conference held on October 23, the judge overseeing True Value’s Chapter 11 bankruptcy filing openly stated her concerns about whether True Value has been providing “adequate protection to the …
Read More »Noteworthy LBM Acquisitions This Week
It’s been a busy week for acquisitions for LBM retailers. Carter Lumber announced the acquisition of Townsend Building Supply, a building materials dealer with six locations in southern Alabama and the Florida Panhandle. This acquisition continues Carter Lumber’s plans for …
Read More »Industry Reacts to True Value Bankruptcy and Potential Sale to Do it Best
On Monday, the independent home improvement industry woke up to some of the biggest news in decades as Do it Best announced its bid to acquire substantially all assets from True Value, which filed for Chapter 11 bankruptcy under private …
Read More »NHPA Offers Tools, Reassurances to Retailers Potentially Impacted by True Value Bankruptcy
Do it Best CEO Adds New Insights to True Value Purchase Plans
In response to Monday’s announcement that Do it Best is entering into an agreement to purchase the assets of True Value Company (pending the outcome of True Value’s Chapter 11 Bankruptcy filing on Oct. 14th), Hardware Retailing’s editorial team sat …
Read More »True Value Files for Chapter 11 Bankruptcy, Do it Best Bids to Acquire Assets
In one of the biggest deals the independent home improvement industry has seen in decades, Do it Best has announced its bid to acquire substantially all assets from True Value, which filed for Chapter 11 bankruptcy under private equity ownership. …
Read More »Nation’s Best Adds 3 Locations in Texas
After acquiring South Texas Hardware and its three stores, Nation’s Best has increased its total store count to 63. Tina Green, regional vice president of operations at Nation’s Best, says South Texas Hardware operates three neighborhood hardware stores in Castroville, …
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