{"id":254626,"date":"2024-05-17T18:25:26","date_gmt":"2024-05-17T18:25:26","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/?p=254626"},"modified":"2024-05-17T18:25:26","modified_gmt":"2024-05-17T18:25:26","slug":"does-ace-own-true-value","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/does-ace-own-true-value\/","title":{"rendered":"Does Ace own True Value?"},"content":{"rendered":"

**Does Ace own True Value?**<\/p>\n

Yes, Ace Hardware Corporation, a leading retailer-owned cooperative, does not own True Value. While both companies are popular hardware store chains, they operate as separate entities with their own ownership structures and business models.<\/p>\n

Founded in 1924, Ace Hardware Corporation has become one of the largest hardware retail cooperatives globally. It is made up of independent retail stores, which are all independently owned and operated by local business owners. Ace Hardware functions as a wholesale supply network, providing its member stores with product sourcing, marketing support, and operational assistance.<\/p>\n

On the other hand, True Value Company, established in 1948, is also a retailer-owned cooperative that serves independent hardware stores. Similar to Ace Hardware, True Value operates as a cooperative, with the individual retail stores being members and owners of the company. This cooperative structure allows each store to benefit from shared resources, including purchasing power, marketing assistance, and access to True Value’s private-label products.<\/p>\n

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