True Value files for bankruptcy

[TheFugitive]

Hardware wholesaler True Value has filed for bankruptcy.

https://www.foxbusiness.com/markets/hardware-wholesaler-true-value-files-bankruptcy-plans-sale-rival

This appears to be a move to position themselves for a potential sale to rival Do-It-Best.  The True Value stores are all individually owned and operated and will continue to function.  This bankruptcy affects only their wholesale supplier.