True Value, Chicago, Ill., hardware wholesaler since 1948, announced it’s pursuing a potential sale in an Oct. 4, 2024, letter to vendor partners.
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“With full support of our board of directors, we hired an investment banker to identify and vet the best options for our associates, retailers and vendor partners,” wrote Chris Kempa, True Value CEO. “We are in the final stages of deciding the path forward. Our team is working tirelessly to minimize disruption, act in your best interest and move us forward.”
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.
2 thoughts on “True Value Actively Considers Sale of Company”
I have been with this company for 31 years now I’m not sure I will have a job come soon.
What happens to the stock owed to members from previous sale of true value?
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