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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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 »Do it Best, United Hardware to Merge
In a historic move, United Hardware and Do it Best announce that they intend to merge. The intent to merge, which received unanimous approval from the boards of directors of both companies, brings together two industry leaders with a shared …
Read More »NHPA Independents Conference and The Hardware Conference to Create Singular Event in 2024
In August 2023, the North American Hardware and Paint Association (NHPA) hosted its inaugural Independents Conference in Dallas, Texas. Just a few short weeks later, The Hardware Conference marked its 35th anniversary in Marco Island, Florida. In 2024, these two …
Read More »Exclusive: True Value Manufacturing Unveils Facility Automation
In an effort to meet growing customer demand, True Value unveiled new, modern upgrades to its True Value Manufacturing facility at a ribbon-cutting ceremony attended by True Value executives and Mark Kownick, mayor of the Village of Cary. Hardware Retailing’s associate …
Read More »Orchard Supply Hardware to Close Nationwide
Orchard Supply Hardware, a hardware and garden chain with 99 locations in California, Oregon and Florida, will close nationwide by the end of fiscal year 2018, parent company Lowe’s confirms in its second-quarter 2018 financial results. In the earnings report, …
Read More »Exclusive: True Value Co. Strikes Deal With Strategic Investor
The True Value Co. today announced a plan that they say will accelerate the company’s long-term business strategy and secure the future of the independent retailers it serves. The company has agreed to sell 70 percent ownership in the organization …
Read More »True Value Responds to Bloomberg Report Regarding Possible Sale
According to a Bloomberg report Monday, True Value Co. is “considering a sale that could value the home-improvement store chain at about $800 million.” People who asked not to be identified as they weren’t authorized to speak publicly say the company …
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