True Value Company and its secured lenders, led by PNC, today reached a major milestone agreement to avoid the liquidation of the 75-year-old Chicago-based distributor in a move that will push the sale to Do it Best forward for now. The …
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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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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 …
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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 …
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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 …
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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 …
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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. …
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