Do it Best paid $153 million in cash and assumed up to $45 million in debt for True Value, according to court documents. Starr said the company now has 400 new employees in Chicago, who will ...

Fort Wayne-based Do it Best has completed its purchase of hardware rival True Value out of bankruptcy for $153 million. True Value, a 75-year-old Chicago-based wholesaler of hardware and home ...

FORT WAYNE, Ind., Nov. 22, 2024 (GLOBE NEWSWIRE) -- Do it Best announces the successful acquisition of True Value, a long-time competitor with a legacy brand that benefits both organizations.

Last month, Do it Best announced the acquisition of competitor True Value after True Value announced bankruptcy in October.

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This acquisition brings significant assets to Do it Best, including inventory, brand rights, and paint manufacturing ...