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Ace Hardware Acquires Emery-Waterhouse

Ace Hardware announced today it has acquired Emery-Waterhouse, a 170-year-old distributor of hardlines products for independent lumber, paint, industrial and hardware outlets throughout the Northeast.

Emery-Waterhouse will move forward as an independently operated, majority-owned subsidiary of Ace Hardware. The Emery-Waterhouse brand will continue operations as a separate business with a distinct management team that provides wholesale distribution services to independent retailers.

“The acquisition of Emery-Waterhouse serves as a tremendous catalyst to leverage wholesale purchasing power,” Ace Hardware President and CEO John Venhuizen said. “We are confident that both Ace retailers and Emery-Waterhouse customers will benefit from the additional scale and expanded assortments.”

The leadership team of Emery-Waterhouse will remain and continue to manage the business; including Steve Frawley, CEO and Don Dickson, COO. Emery-Waterhouse’s long-time majority owner, Charlie Hildreth, will continue to have a presence in the organization.

“As a leader in the hardlines wholesale distribution industry, aligning with Ace Hardware—the nation’s largest convenience hardware leader at wholesale and at retail—simply makes good business sense,” Emery-Waterhouse CEO Steve Frawley said. “Knowing that we are part of a changing and consolidating industry, this is the right decision for Emery-Waterhouse and our customers.”

The Emery-Waterhouse acquisition falls in line with Ace’s growth strategy in the ever-changing home improvement retail marketplace, Venhuizen said.

“My belief continues to be that Ace has two options as our industry evolves and consolidates: we can do nothing and hope the chips fall our way, or we can participate as a leader to shape our industry for the long-term benefit of Ace shareholders,” he said. “As the current leader and largest hardlines wholesale distributor in the nation, our Board of Director’s and Officer Team’s preference is to lead.”

 

About Amanda Bell

Amanda Bell
Amanda Bell was an assistant editor of Hardware Retailing and NRHA. Amanda regularly visited with home improvement retailers across the country and attended industry events and seminars. She earned a degree in magazine journalism from Ball State University and has received honors for her work for Hardware Retailing from the Association of Marketing and Communication Professionals.

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