Fluidmaster acquires Australia-based Haron International

Fluidmaster acquires Australia-based Haron International

  • Posted by Contributor
  • On November 11, 2024
  • Cutting Edge Products
On Nov. 7, Fluidmaster acquired the assets of Haron International Pty Ltd based in Melbourne, Victoria, Australia. Haron was designated the exclusive distributor of the Fluidmaster brand starting in 1989 and throughout the 28 years of partnership introduced Fluidmaster’s innovations, including the 400UK063 toilet cistern fill valve, now affectionately known as the “green box,” to the Australian market.
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Remembering Bernie Marcus

Remembering Bernie Marcus

  • Posted by Contributor
  • On November 5, 2024
  • Cutting Edge Products
Bernie was an inspiration in many ways. He was a master merchant and a genius with customer service. Together with Arthur Blank and Ken Langone, Bernie helped create a nation of doers who could tackle any project, large or small. He loved our customers. He also loved the associates who made the company what it is today.
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True Value is temporarily suspending our direct ship (drop ship) program

True Value is temporarily suspending our direct ship (drop ship) program

  • Posted by Contributor
  • On November 4, 2024
  • Cutting Edge Products
True Value is temporarily suspending our direct ship (drop ship) program as we remain focused on our primary business during our bankruptcy case and as we finalize the closing process of our sale to Do it Best. Below are the steps and information you need to maintain any direct ship needs.
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True Value Good News on Our Path Forward

True Value Good News on Our Path Forward

  • Posted by Contributor
  • On October 31, 2024
  • Cutting Edge Products
Do it Best’s willingness to backstop our lenders’ recovery and accelerate the target closing date led to consensus and support among True Value’s lenders and unsecured creditors for the sale to Do it Best.
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True Value’s Next Steps

True Value’s Next Steps

  • Posted by Contributor
  • On October 21, 2024
  • Cutting Edge Products
Following our announcement earlier this week about our path forward, we wanted to reach out to share that the process has moved forward as expected and that we are off to a good start.
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True Value’s Path Forward

True Value’s Path Forward

  • Posted by Contributor
  • On October 14, 2024
  • Cutting Edge Products
Today we announced that we have entered into a sale agreement with Do it Best that we are confident will make True Value stronger over the years to come and prove beneficial to our vendor partners.
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Do it Best Makes Bid to Acquire True Value Assets

Do it Best Makes Bid to Acquire True Value Assets

  • Posted by Contributor
  • On October 14, 2024
  • Cutting Edge Products
Do it Best, the nation’s largest member-owned co-op for hardware and lumber products, announces its bid to acquire substantially all assets from True Value, a Chicago-based hardlines wholesalers that filed for Chapter 11 bankruptcy under private equity ownership. The proposed acquisition, supported unanimously by the Do it Best Board of Directors, would mark a significant moment in the history of the independent home improvement industry, if consummated, as it would create a worldwide store network exceeding 8,000 locations in the U.S. and more than 50 countries around the world.
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Future of True Value

Future of True Value

  • Posted by Contributor
  • On October 5, 2024
  • Cutting Edge Products
True Value has undertaken a process to pursue a potential strategic sale of the company. 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. Our current equity investors have been instrumental in supporting our efforts to modernize and right-size our legacy operations, and I am tremendously grateful for them.
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