Fort Wayne’s Do It Best, a U.S.-based, member-owned hardware, lumber and building materials buying cooperative in the home improvement industry, has finalized its acquisition of True Value.
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True Value had filed for Chapter 11 bankruptcy under private equity ownership.
True Value has over 4,500 independently owned and operated member-owners in over 60 countries, 13 regional distribution centers and approximately 2,500 associates.
To support the acquisition, Do it Best announced leadership changes, including appointing Nick Talarico president of Do it Best and Dent Johnson the president of True Value.
Do It Best has nearly $6 billion in sales and thousands of member-owned locations across the U.S. and in 60 countries.
