Wednesday January 8th, 2014 - 10:45AM
ACO Hardware, an independent home and hardware store chain located throughout the Detroit market, has announced that it has joined the Ace Hardware cooperative. ACO currently has 52 stores, all of which are located in Michigan.
Headquartered in Farmington Hills, Michigan, and originally founded in 1946, ACO currently employs approximately 850 associates. The transition to Ace will take place over a six-month period, at which point all stores will have reopened as Ace Hardware branded stores.
“Last year, we committed to our customers that we would invest and grow our business,” said Mark VandenBerg, CFO, ACO Hardware. “After months of research and due diligence, we are confident we have selected the best organization with which to align and grow. Ace Hardware offers our stores a world class brand, top notch merchandise opportunities and a supply chain network second to none.” VandenBerg also stated that ACO will operate the new Ace Hardware stores under the name Great Lakes Ace as part of its continuing commitment to Michigan consumers.
To become fully aligned with the Ace Hardware brand and merchandise selection, the ACO stores will offer savings on current inventory as they sell down to clear the stores. SB Capital Group, LLC, has been retained to operate transitional sale events in the ACO store locations.