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Wholesale hardware supplier True Value files bankruptcy, plans to sell to competitor

Summary by Charleston Gazette-Mail
Wholesale hardware supplier True Value has filed for Chapter 11 bankruptcy and plans to sell the business to industry peer Do it Best Corp, the company announced in a release Monday, Oct. 14, 2024. The company said it will continue its day-to-day operations serving 4,500 independently owned retailers that rely on True Value. Do it Best said the sale would create a worldwide store network exceeding 8,000 locations in the U.S. and more than 50 cou…
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