True Value Hardware Files Chapter 11 – Stalking Horse ‘Do it Best Corp’ Picks Up 40 Michigan Stores
True Value Company has entered Chapter 11 bankruptcy to facilitate a sale of its operations to Do it Best Corp, ensuring stakeholder value amid market challenges. The deal protects independent retail stores, continues day-to-day operations, and aims to enhance competitiveness against big retailers. True Value anticipates completing the transaction by the end of 2024.