Workbench True Value Hardware

Workbench True Value Hardware-Pl in Pleasanton, CA is your local hardware store. They are proud to be a member of the True Value family, and they are always available to serve their communities. Whether you're a pro or taking on a DIY home improvement project for the first time, they 're right here in your neighborhood with the expert advice, tools , equipment and the products you need to get the job done. Workbench True Value Hardware-Pl in Pleasanton, CA, they 're here to help. Come in and see them anytime.

 

Workbench True Value Hardware-Pl is independently owned and operated. Prices and program participation may vary. Prices may be changed without notice.

 

True Value Company is an American wholesaler with more than 4,500 independent retail outlets worldwide. A number of different retail identities are supported by True Value Company, including True Value (Hardware and Home Center Stores), Grand Rental Station, Party Central, and Taylor Rental (Equipment and Party Rental), Induserve Supply (Commercial Supplies), Home & Garden Showplace (Nursery and Garden Center Stores) as well as affiliate stores that purchase from True Value Company but do not use the True Value Company.

 

The wholesaler supports its retailers through 13 regional distribution centers and approximately 2,500 partners in 60 countries. Headquarters are located in the O'Hare neighborhood of Chicago. Historically, it was a cooperative owned by retailers, but it was purchased by ACON Investments in 2018.

 

True Value owns a paint manufacturing plant known as General Paint & Manufacturing (GPM) and also manufactures paint for a variety of other companies. The GPM was founded in 1922. The factory in Cary, Illinois, was put into operation in April 1976. The facility produces latex paints, oil-based paints, stains and aerosols of more than 7,300,000 gallons per year. GPM also produces a complete line of jansan / cleaning chemicals. The 575,000 square foot facility has a variety of manufacturing capabilities in one location.

 

True Value Company is rooted in four hardware cooperatives and hardware wholesalers: American Hardware & Supply (ServiStar), Coast to Coast Corporation, Cotter & Company (True Value) and Midwest-based Hibbard Spencer Bartlett & Company.

 

Cotter & Company was founded in 1948 by John Cotter with 12 original member stores. The cooperative became a member and in 1962 Cotter & Company purchased the assets of Hibbard Spencer Bartlett & Company for $2.5 million, acquiring the True Value trademark for $2,500 as part of the acquisition.ServiStar Hardware (formerly American Hardware Supply) had previously purchased Coast to Coast Hardware and renamed itself Servistar & Coast to Coast Hardware. Their hardware stores operated under either ServiStar or Coast to Coast retail identity. They merged with Cotter & Company in 1997 to form TruServ Corporation.

 

During the 1999 audit, accounting irregularities of about $100 million were discovered from pre-merger Cotter & Company, resulting in a loss of $131 million that year, causing TruServ's stock value to plummet.[9] During this tumultuous period (1999–2001), a number of hardware stores decided to leave TruServ to join competing hardware cooperatives (Ace Hardware, Do It Best). TruServ Corporation has introduced new management, eliminated brand names from ServiStar and Coast to Coast, and streamlined operations by closing many of the regional distribution centers. TruServ Corporation was renamed True Value Company in 2006.

 

In 2019 True Value announced the opening of its first all-new custom-designed distribution center in over 30 years. The new warehouse is a 1.4 million square foot facility serving over 1,000 stores located in Hanover Township, Pa., and is scheduled to open in the fall of 2019. This update comes as True Value has grown and increased the number of businesses it serves after the majority of the company was acquired by ACON in 2018. Along with the new distribution center True Value, the "hub-and-spoke" model has also been adopted along with new software that will allow all warehouses to operate extremely efficiently through forecast inventory models.