FORT WAYNE, Ind., Nov. 22, 2024 (GLOBE NEWSWIRE) -- Do it Best announces the successful acquisition of True Value, a long-time competitor with a legacy brand that benefits both organizations. This monumental transaction represents a transformative milestone for Do it Best, True Value, and the entire independent hardware industry. The acquisition brings significant assets to Do it Best, including inventory, brand rights, and paint manufacturing facilities. By acquiring these key resources, Do it Best is poised for substantial growth and increased capability to support independent retailers and bring operational stability to current True Value retailers, along with investment in the iconic brand. Reflecting on the accelerated journey that began on October 14, Do it Best CEO Dan Starr acknowledged the hard work and dedication required to complete the acquisition. “This has been a challenging process,” said Starr. “However, the shared commitment from our team and the True Value team has made today possible. We are now proud to be the world’s largest cooperative in our space, and that positions us to make a real difference for all our store owners.” Starr confirmed that True Value will operate as a separate subsidiary, allowing Do it Best to maintain high-quality service while carefully integrating True Value’s operations. He emphasized this approach ensures a smooth transition and continued reliability for both Do it Best members and the newly welcomed True Value retailers. “We’re excited to welcome True Value retailers and associates into the Do it Best family,” Starr added. “Our commitment to championing the independent retailer is at the heart of everything we do, and I know our True Value team joins us in this mission. This acquisition is about ensuring our collective success, now and in the future.” To support this transformation, Do it Best has established a new leadership team dedicated to stabilizing and growing the True Value business while maintaining a focus on Do it Best member growth. Starr appointed Nick Talarico as President of Do it Best and Dent Johnson as President of True Value. Johnson’s True Value leadership team includes: Bill Habegger, Vice President of Information Technology Justin Hanford, Vice President of Merchandising Eric Lane, Senior Vice President of Marketing Tim Miller, Senior Vice President of Logistics & Distribution Chris Okapal, Vice President of Sales & Business Development Steve Rose, Vice President of Distribution Matt Saines, Vice President of Finance Rob Schmiedel, Vice President of Operations & Sales Enablement Ken Sorg, Vice President of Supply Chain Celeste Stevens, Vice President of Human Resources John Vanderpool, Senior Vice President of Manufacturing Jenna Grannan, Director of Marketing Randy Rusk, Director of Communications The acquisition is expected to be transformational for Do it Best, with a long-term vision that goes beyond growth for its own sake. By leveraging new efficiencies, deepening vendor relationships, and integrating key assets, Do it Best aims to position the expanded cooperative for long-term success. “This is a generational opportunity that will shape the future of our cooperative and our industry,” said Starr. “We’re focused on taking our time to get it right. We ask for patience as we integrate True Value and help everyone grow and achieve their dreams.” For additional updates and information, Do it Best will continue sharing developments with its store owners and vendors, ensuring transparency and clear communication as the stabilization and integration process moves forward. Attachments Do it Best President and CEO Dan Starr Do it Best Champions Independent Home Improvement StoresCanadians are so desperate to move to US they'd swim there and liken liberal nation to old dog that needs shot
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DALLAS — If “better health for my hockey team” was among Minnesota Wild coach John Hynes’ holiday wishes, he instead got a notable lump of coal in his stocking before the team plane had even left the ground at MSP on Friday morning. The seat on the charter aircraft normally occupied by Wild star forward Kirill Kaprizov was empty when the rest of the squad took off for Texas. He was unavailable for the Friday evening game versus the Stars with a lower-body injury that has been a problem for a few days now, Hynes said. ADVERTISEMENT “He was a little sore, I think, going into the break, and then we talked with the doctors and stuff yesterday,” the coach said following the team’s morning skate at American Airlines Center. “Right now, as far as I know, it’s day-to-day ... then we’ll see how he’s feeling each day moving forward here.” Hynes added that the absence is not related to the knee-on-knee check Kaprizov took during a November game in Edmonton, which kept him out of the lineup for one game. The coach added that he has not seen anything to indicate the absence will be long-term. “I don’t have a big concern level as of now because he was a little bit banged up prior to going into the break, but we all saw how he played against Chicago,” Hynes said, referencing the team-leading 23rd goal of the season that Kaprizov scored in a 4-3 win over the Blackhawks on Monday. “We’ll see what he does today with his treatments and see what he does tomorrow.” Stars coach Peter DeBoer got the news of Kaprizov’s absence from the media following his team’s morning skate. “Obviously, an important player. I probably could’ve saved myself some time in my pre-scout this morning if I’d known that earlier,” he said, noting that they weren’t expecting an easy night with or without Kaprizov. “When I look at Minnesota, they’re a team that’s the true sum of their parts rather than one player. “They’ve got four lines, they defend well, they’ve got great goaltending. So, probably a lot like us, you can take a player out of the lineup and still be competitive. But still, that’s a big guy out for them.” The Wild will host Ottawa on Sunday evening and Nashville on Tuesday evening. ADVERTISEMENT ______________________________________________________ This story was written by one of our partner news agencies. Forum Communications Company uses content from agencies such as Reuters, Kaiser Health News, Tribune News Service and others to provide a wider range of news to our readers. Learn more about the news services FCC uses here .Winners, losers as Packers shutout Saints 34-0 on Monday Night Football
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