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Tag Archives: co-op

Do it Best Exec Mike Altendorf to Retire in August

Mike Altendorf

Mike Altendorf, vice president of information technology for Do it Best Corp., is retiring after  working more than 30 years in the independent home improvement industry. Altendorf joined Do it Best Corp. in 2009 as director of IT business planning …

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Ace Hardware’s Revenue Up Again in Q3

peavey industries

Ace Hardware Corp. reported growth in revenue and net income for the third quarter of 2017. The cooperative released its financial results Nov. 16, calling revenues of $1.34 billion a record for the company. Revenue for the quarter grew 9.1 percent …

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Westlake Ace to Acquire 7-Store Operation in Chicago

Westlake

Westlake Ace Hardware announced today it has entered into an agreement to acquire Buikema’s Ace Hardware, an independently owned business that operates seven stores in the Chicago area. The acquisition will be finalized on Jan. 2, 2018. According to Westlake, Buikema’s …

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Ace-Sponsored TV Show ‘Make48’ Goes National

Make48

A TV show that Westlake Ace Hardware has sponsored in the past now has a sponsorship from Ace Hardware Corp. and debuted nationally this fall. “Make48” features several teams of inventors competing against each other to create new consumer products …

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New Hampshire Store a Haven for Local Beekeepers

beekeepers

In the town of Plymouth, New Hampshire, locals have taken it upon themselves to help the bee population flourish. Not only do they collect honey, but the main goal is for the bees to stay strong and pollinate other plants as well. …

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Why Did Ace Hardware Buy an E-Commerce Business?

The Grommet

John Venhuizen, Ace Hardware president and CEO, recently took questions from Hardware Retailing about the co-op’s purchase of The Grommet, an e-commerce startup company. Ace announced the purchase Oct. 3. Hardware Retailing (HR): Why did Ace purchase a majority stake in The Grommet?  John Venhuizen (JV): There …

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