For young adults who have grown up in their parents’ independent home improvement businesses, deciding on their future might feel like reaching a fork in the road. They may want to become the next in line to run the operation, …
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True Value and Carter Lumber Announce New Partnership
True Value and Carter Lumber have announced a new partnership that will enable Carter Lumber to access True Value’s suite of products, support services and industry knowledge. Based in Kent, Ohio, Carter Lumber operates 146 lumber and building materials locations …
Read More »Wilco Celebrates Company’s 20th Location
Oregon-based cooperative Wilco opened its third store in central Oregon and its 20th store overall on Aug. 29, the company reports. The 20th store, located in Redmond, Oregon, celebrated its opening with a day full of events and special activities. …
Read More »True Value Fall Reunion Open to All Independent Retailers
For the first time in its history, True Value’s semiannual Reunion is open to all independent hardware retailers. The company will host all retailers, regardless of affiliation, at the Colorado Convention Center from Sept. 27-30 with a full slate of …
Read More »True Value’s 2017 Financials Show Slight Revenue Decline
True Value Co. has released its final annual report as a cooperative, showing a slight revenue decline in 2017 from the year prior. In April, the company announced the sale of 70 percent of its stock to private-equity firm ACON Investments and …
Read More »True Value Shareholders Vote to Proceed With Sale
After months of speculation, 15 roundtable sessions and thousands of individual conversations and emails with members, the votes are in and True Value’s shareholders have overwhelmingly approved the sale of 70 percent of the company’s stock to private-equity firm ACON …
Read More »True Value Members Favor Sale, but Co-Op Extends Voting Deadline
As of April 13, True Value Co. has received the retailer votes it needs to sell to a private investment firm, but the co-op is extending its member voting deadline to April 20. The company announced March 15 that it agreed to …
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 …
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