Do it Best has acquired True Value, a long-time competitor with a legacy brand that benefits both organizations. This transaction represents a transformative milestone for Do it Best, True Value, and the entire independent hardware industry. The acquisition brings significant assets to Do it Best, including inventory, brand rights, and paint manufacturing facilities. By acquiring these key resources, Do it Best is poised for substantial growth and increased capability to support independent retailers and bring operational stability to current True Value retailers.
Do it Best CEO Dan Starr acknowledged the hard work and dedication required to complete the acquisition, stating that it has been a challenging process. He confirmed that True Value will operate as a separate subsidiary, allowing Do it Best to maintain high-quality service while carefully integrating True Value’s operations. This approach ensures a smooth transition and continued reliability for both Do it Best members and the newly welcomed True Value retailers.
To support this transformation, Do it Best has established a new leadership team dedicated to stabilizing and growing the True Value business while maintaining a focus on Do it Best member growth. The acquisition is expected to be transformational for Do it Best, with a long-term vision that goes beyond growth for its own sake. By leveraging new efficiencies, deepening vendor relationships, and integrating key assets, Do it Best aims to position the expanded cooperative for long-term success.
Source: FW Bussiness
Source: Global News Wire
