Planning for its largest spring market ever, Do it Best will bring together Do it Best and True Value on March 21-23 in Orlando, Florida, under the theme “Bigger. Stronger. Faster.” The event will build on the recent acquisition of …
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Do it Best Successfully Completes Purchase of True Value
Do it Best announces the successful acquisition of True Value, a long-time competitor with a legacy brand that benefits both organizations. This monumental transaction represents a transformative milestone for Do it Best, True Value and the entire independent hardware industry. …
Read More »Do it Best VP of IT Announces Retirement
After nearly 20 years of service, John Mergy, vice president of information technology for Do it Best, announced his retirement this week. Mergy first joined Do it Best as the manager of the IT division’s project management office, quickly advancing …
Read More »Industry Wholesalers Reach Out to True Value Retailers
As the True Value bankruptcy and planned sale to Do it Best continues to move forward, with a scheduled closing date of Nov. 22, several industry wholesalers have reached out publicly to offer support to True Value retailers and court …
Read More »Vendors Seek Return of Goods or Payment From True Value, Courts List Exec Bonuses and Payouts
(Disclosure: NHPA, which publishes Hardware Retailing and Paint & Decorating Retailer magazines, is among the vendors involved in theTrue Value bankruptcy claims.) As the True Value Company LLC bankruptcy and sale to Do it Best continues to move forward, several …
Read More »True Value Temporarily Suspends Drop Ship Program
On Monday, Nov. 4, True Value sent a notification to vendors and retailers, stating that it was temporarily suspending its drop ship program to remain focused on primary business during the bankruptcy case and sale to Do it Best. (In …
Read More »True Value and Lenders Reach Milestone Agreement Moving Sale to Do it Best Forward
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 …
Read More »Do it Best Announces Curtis Smith as Executive Director of the Do it Best Foundation
Do it Best has hired Curtis Smith as the new executive director of the Do it Best Foundation. In this role, Smith will focus on building the foundation’s impact and presence in the communities it serves. “I’m deeply honored to …
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