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The True Value Company, a leading hardware wholesaler, has initiated Chapter 11 bankruptcy proceedings and will sell a ...
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True Value retail stores, which are independently owned and operated, are not part of the bankruptcy, and the wholesaler said it will continue to supply products to those 4,500 locations.
True Value, a 75-year old hardware store brand, has filed for bankruptcy and is selling substantially all of its operations to a rival, the company announced Monday.