Personnel Updates

Do it Best Corp. promoted Jean Fahy to Division Manager for Building Materials Supply. In a related move, Joe Corah becomes Division Manager for Building Materials Purchasing. Corah retains ownership of the bulk-commodities vendor relationships.

Pirch, the luxury kitchen and bath retailer, assigned company President Andrea Dorigo the additional role of CEO.


Industry Insight

Sears Holdings Corp. has fielded interest from a range of companies, including Stanley Black & Decker Inc. in regard to a sale of its Craftsman brand.

True Value paint-related announcements on the heels of its 2016 Fall Reunion include an alliance with Benjamin Moore, which will see the Colorado brand hit True Value shelves and a deal with DreamWorks to carry 24 EasyCare colors tied to the new Trolls movie.

True Value plans to have direct-to-consumer fulfillment capabilities in place by January that will reach 90%+ of the country. To make it happen, the organization will open three new warehouses by the end of January.


Mergers and Acquisitions

Central True Value in Moncks Corner, SC was acquired by Central Network Retail Group and will be rebranded as a Marvin’s location (the 28th). 

Guardian Building Products acquired Hawkeye Building Distributors.

PRO Group and Reliable Distributors plan to merge.

Tractor Supply Co. acquired 100% equity in Petsense LLC a specialty pet supply retailer with 136 locations in 25 states.


Real Estate

Busy Beaver purchased Latrobe (PA) True Value Hardware, its second True Value store. Busy Beaver will remodel four of its 16 stores in 2017 and another 4 in 2018. The company will also open a new home improvement center in Elkins, WV.

Home Hardware Center opened a new store in Monroe, LA, its 22nd location.

Orchard Supply Hardware makes its East Coast debut next week with the opening of a Fort Lauderdale, FL store. That opening will be followed by three more South Florida store openings before year’s end and an unspecified number of additional stores in 2017.

Westlake Ace opened its 10th Texas store (Carrollton, TX).