Do it Best to acquire True Value.

Do it Best, a member-owned co-op for hardware and lumber products, agreed to acquire True Value, a hardlines wholesaler. Financial terms were not disclosed. “A successful acquisition of True Value assets would represent a strategic milestone for Do it Best and home improvement retailers around the world. Do it Best has a proven track record of driving profitability through the most efficient operations in the industry. This acquisition, if consummated, would provide True Value and independent hardware stores the strongest opportunities for growth for years to come,” Dan Starr, Do it Best President and CEO.