by Lindsey Thompson | Nov 22, 2024 | Industry News
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...
by Olivia Shroyer | Oct 31, 2024 | Industry News
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 agreement allows True Value to...
by Lindsey Thompson | Oct 24, 2024 | Industry News
In a transcript obtained by Paint & Decorating Retailer from an emergency discovery conference held on October 23, the judge overseeing True Value’s Chapter 11 bankruptcy filing openly stated her concerns about whether True Value has been providing “adequate...
by Lindsey Thompson | Oct 18, 2024 | Industry News
On Monday, the independent home improvement industry woke up to some of the biggest news in decades as Do it Best announced its bid to acquire substantially all assets from True Value, which filed for Chapter 11 bankruptcy under private equity ownership. This week,...
by Lindsey Thompson | Oct 17, 2024 | Industry News
[vc_row][vc_column][vc_column_text]With the entire industry reacting to the recent news of True Value Company’s bankruptcy filing and Do it Best’s bid to acquire the company, the team at the North American Hardware and Paint Association (NHPA) continues to receive...
