ACO Hardware announce affiliation with Ace Hardware, all ACO stores to be rebranded
3:48 PM, Jan 7, 2014
6:16 PM, Jan 7, 2014
(WXYZ) - Another familiar Michigan business name will be going away as ACO Hardware has announced they are becoming affiliated with Ace Hardware.
As part of the 6 month transition, all of ACO's 52 Michigan stores will be closing so they can be reopened under the Ace Hardware brand.
"Last year, we committed to our customers that we would invest and grow our business," said Mark VandenBerg, CFO, ACO Hardware in a news release. "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 said that ACO will operate the new Ace Hardware stores as Great Lakes Ace.
The brand transition and "Total Inventory Blowout Sales" to liquidate stock will begin at 26 ACO locations on Wednesday, January 8. The following locations will be holding the first to transition, beginning on that date:
St. Clair Shores (2 stores)
Warren (3 stores)
Waterford (2 stores)
The dates for the inventory reduction sales and conversion of the remaining stores will be announced at a later date.
ACO has operated in Michigan since it was founded as the Traskos Brothers Hardware Depot in Dearborn in 1946. It is currently Michigan's largest independent home and hardware store chain.
ACE Hardware currently operates 4,700 stores across the global, the vast majority of which are independently owned. It was founded in 1924 by a group of Chicago hardware store owners.