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In the mid-2000s, Blair began to struggle with declining sales, due to the recession in the economy. [9] In 2007, Blair shareholders approved a merger deal with Appleseed's (later renamed Orchard Brands), a subsidiary of Golden Gate Capital Partners. [10] Orchard Brands is a holding of several different catalog retailers who target the same market.
Orchard Supply Hardware ceased to be a privately owned company when it and its seven stores were acquired by the conglomerate W.R. Grace and Company in 1979. [11] W.R. Grace began to sell off its 660-store retail division piecemeal in 1985. [12] OSH and another hardware chain, Home Centers West, were sold to Wickes Companies in May 1986. [13] [14]
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That name remained until 1989, when the board of directors and the first non-family CEO decided the name should be changed to honor the company's founder, John Leo Blair. Having gone public in 1924, New Process Company, and later Blair Corporation, found its stock to be the oldest continuously-held stock on the American Stock Exchange.
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In 2005, Old Orchard established a 4-year partnership with the Juvenile Diabetes Research Foundation (JDRF), based on the company's "Healthy Balance" line of products. The JDRF logo appears on the product packaging, and Old Orchard has agreed to support at least 75 of JDRF's "Walk to Cure Diabetes" events, and donate $560,000 towards diabetes ...