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True Value, a 75-year old hardware store brand, has filed for bankruptcy and is selling substantially all of its operations to a rival, the company announced Monday.
True Value, a national hardware retailer whose roots go back more than 70 years, said Monday that it has declared bankruptcy and will sell itself to a competitor. The Chicago-based company...
Hardware wholesaler True Value has filed for Chapter 11 bankruptcy amid plans to sell its business to its home improvement rival Do It Best. True Value, based in Chicago, said in a Monday...
We discussed everything from what assets Do it Best is actually purchasing, to the logistics of how it will work bringing 4,500 True Value retailers into the Do it Best fold, to what it will mean for both True Value and Do it Best retailers moving forward.
Long-time hardware retailer True Value announced Monday it has filed for Chapter 11 bankruptcy and is entertaining a bid to sell its assets to competitor Do it Best.
True Value, a 75-year old Chicago-based hardware retailer, has entered into an agreement to sell “substantially all of the company’s business operations” to rival Do It Best and has also begun Chapter 11 bankruptcy proceedings as part of the acquisition process, according to a Monday announcement.
FORT WAYNE, IN, October 14, 2024 – Do it Best, the nation’s largest member-owned co-op for hardware and lumber products, announces its bid to acquire substantially all assets from True Value, a Chicago-based hardlines wholesalers that filed for Chapter 11 bankruptcy under private equity ownership.
True Value will continue its day-to-day operations serving 4,500 independently owned retailers that rely on True Value for the right products, trusted expertise, and its 75-year-old iconic...
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.
True Value last week announced a proposed deal with private equity firm Acon Investments that would change the structure of the co-op and allow its retailers to sell their equity in the...