7-647: XXV was the 25th season of the True Value International Race of Champions , which began on Friday, February 16, 2001 at Daytona International Speedway . The initial roster included 12 drivers from four separate Racing Leagues. After the first race, the series continued with only eleven drivers as a result of the death of Dale Earnhardt in the Daytona 500 . Bobby Labonte won the championship. The roster of drivers and final points standings were as follows: * – Only raced in first race of season; this figure
14-437: A 1999 audit, accounting irregularities of about $ 100 million were discovered originating from pre-merger Cotter & Company, leading to a $ 131 million loss that year causing the value of TruServ stock to plummet. During this period (1999–2001), a number of hardware stores chose to leave TruServ to join competing hardware cooperatives including Ace Hardware and Do It Best. TruServ Corporation brought in new management, eliminated
21-735: A new 1.4 million square foot facility, set to open that fall, intended to service approximately 1,000 stores located in Hanover Township, Pennsylvania . Along with the new distribution center True Value also adopted the "hub-and-spoke" model . On November 1, 2022, True Value acquired the Agway Trademark from Agway Farm & Home Supply. On October 14, 2024, True Value filed for Chapter 11 bankruptcy protection as it continued to face liquidity challenges caused by inflation and rising interest rates. The following month, after reporting that it planned to sell itself to Do It Best for $ 153 million,
28-520: Is unofficial. True Value The True Value Company is an American wholesaler and Hardware store brand whose corporate headquarters are located in Chicago . Historically known as a cooperative owned by retailers, it was acquired in 2018 by ACON Investments . In October 2024, after True Value filed for bankruptcy, competitor Do it Best agreed to acquire the company. The independent retailers it supplies branded as "True Value" are not part of
35-479: The ServiStar and Coast to Coast brand names, and streamlined operations by closing many of the regional distribution centers. In 2006 TruServ Corporation was renamed True Value Company. In July 2017 True Value was offered for sale, and competitor Ace Hardware expressed interest in purchasing it. Eventually, in 2018, international private equity investment firm, ACON, purchased True Value. In 2019 True Value announced
42-413: The bankruptcy and will continue operating. In November 2024, it was announced that Do it Best completed the purchase of True Value. True Value Company was originally composed of four hardware cooperatives and a hardware wholesaler: American Hardware & Supply (ServiStar), Coast to Coast Corporation, Cotter & Company (True Value), and Hibbard Spencer Bartlett & Company. Cotter & Company
49-740: Was established in 1948 by John Cotter with 12 original member stores. The cooperative grew in membership and in 1962 Cotter & Company purchased the assets of Hibbard Spencer Bartlett & Company (formerly led by Adolphus C. Bartlett ) for $ 2.5 million, acquiring the True Value trademark for $ 2500 as part of the acquisition. ServiStar Hardware (formerly American Hardware Supply) had previously purchased Coast to Coast Hardware and had renamed itself to Servistar & Coast to Coast Hardware. Their hardware stores were operating under either ServiStar or Coast to Coast retail identities. In 1997 they merged with Cotter & Company to form TruServ Corporation. During
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