True Value

For the statistical concept, see True value.

True Value Company, L.L.C.
True Value
Company typePrivate
IndustryHardware stores
FoundedChicago, Illinois, U.S. (1948; 76 years ago (1948), as Cotter & Company)
FounderJohn Cotter
Headquarters
Chicago, Illinois
,
U.S.
Number of locations
4,500+ (60 countries)[1]
Key people
Chris Kempa (CEO)[2]
Products
RevenueDecrease US$1.488 billion (2017)[3]
Increase US$ 40.16 million (2017)
Increase US$ 24.75 million (2017)
Total assetsDecrease US$ 912.88 million (2017)
Total equityDecrease US$ 160.4 million (2017)
OwnerACON Investments
Number of employees
2,500 (2019)[4]
Websitetruevalue.com

The True Value Company is an American wholesaler and Hardware store brand.[5] The corporate headquarters are located in Chicago.[6]

Historically True Value was a cooperative owned by retailers,[7] but in 2018 it was purchased by ACON Investments.[8]

In October 2024, True Value filed for bankruptcy. Competitor Do it Best agreed to purchase the company.[5] The independent retailers it supplies branded as "True Value" are not part of the bankruptcy and will continue operating.[5]

  1. ^ "True Value Company > Home". Truevaluecompany.com. Retrieved April 9, 2020.
  2. ^ "True Value Company Announces CEO Transition" (Press release).
  3. ^ "2017 Annual Financial Report" (PDF). Truevaluecompany.com. March 2, 2018.
  4. ^ "True Value". Forbes.
  5. ^ a b c Valinsky, Jordan (October 14, 2024). "True Value declares bankruptcy and sells itself to a hardware rival". CNN. Retrieved October 17, 2024.
  6. ^ Shipe, Caitlynn (October 14, 2024). "Do it Best makes bid to obtain Chicago-based True Value". FOX 55 Fort Wayne. Retrieved October 17, 2024.
  7. ^ Unglesbee, Ben. "True Value announces buyout deal with private equity firm". Retail Dive. Retrieved October 22, 2019.
  8. ^ Dorbian, Iris (March 16, 2018). "ACON Investments to invest in hardware retailer True Value". Pehub.com. Retrieved August 11, 2019.