True Value to close Chicago headquarters and facilities
What happened
True Value is closing its Chicago corporate headquarters, a distribution facility, and a storefront this year.
Why it matters
The closure of the company's headquarters and distribution infrastructure marks a significant reduction in True Value's physical footprint following its 2024 bankruptcy filing and subsequent acquisition agreement by competitor Do It Best.
Context
True Value is an American hardware wholesaler that operated as a retailer-owned cooperative until it was acquired by ACON Investments in 2018.
The company filed for bankruptcy in October 2024, leading to an agreement for its purchase by Do It Best.
Sources 2 sources
This briefing cites 1 publisher across 1 detected independent reporting stream.
- Alabama Local News Home depot rival to close key locations soon
- Wikipedia True Value Background reference · Wikipedia text used under CC BY-SA 4.0.