True Value Company

12/03/2018 | Press release | Distributed by Public on 12/03/2018 11:35

True Value Company and Carter Lumber Announce New Partnership

CHICAGO, Dec. 3, 2018 -- True Value Company and Carter Lumber announced today a new business partnership.

Based in Kent, Ohio, with 146 locations throughout the Midwest, Southeast and Northeast, Carter Lumber (#11 ProSales 100) is a powerhouse within the lumber and building materials industry. By joining with leading global wholesaler True Value, the building materials retailer will now have access to the top-of-the-line products, support services and industry knowledge that distinguishes True Value.

'We were delighted to welcome Carter Lumber to our recent Fall Reunion in Denver, to share what we're all about- our energy, our innovation and our vision for the future,' explained John Hartmann, President and CEO, True Value Company. 'This proved to be the catalyst to welcome their business into our family. I look forward to our collaboration enhancing both companies and continuing to transform the industry.'

Following True Value's business structure change in April 2018, Carter Lumber expressed interest in doing business with the new company.

'Though the former co-op model wasn't relevant to us, True Value's new business model intrigued us to explore their offering,' said Adam Lombard, Vice President of Product Management, Carter Lumber. 'We found that True Value offered a different focus on growth, dedicated to our needs and goals. Above all, the team took the time to understand what matters to us and put a great deal of thoughtfulness into our business plan.'

True Value's commitment to retailers' growth- from single stores to multi-store chains- along with its flexibility and focus on independence, resonated with Carter Lumber's leadership by offering superior support, access to new and customized categories, and innovative resources.

'True Value is bringing an impressive service and value-added program to the table,' added Justin Drerup, Director of Hardlines, Carter Lumber. 'Their people are engaged and display a genuine excitement in Carter Lumber. We're anticipating the True Value partnership to be impactful as we continue to grow.'

About True Value Company
True Value Company, headquartered in Chicago, is one of the world's leading hardlines wholesalers with a globally recognized brand and over 70 years of experience serving independent hardware retailers. True Value Company provides its customers in over 60 countries an expansive product set with market-customized assortments at highly competitive prices, superior product availability, innovative marketing programs and a la carte value-added services like eCommerce ship-to-store, store remodel support and True Value University, all within a flexible model that requires no membership. Serving over 4,400 stores worldwide, True Value Company celebrates independence and drives retail excellence across the U.S. and internationally.

About Carter Lumber
Carter Lumber is one of the nation's top building materials retailers with 146 locations in 12 states. More than just a lumberyard, the Carter Lumber family of companies is dedicated to providing builders and do-it-yourselfers with a broad range of quality building materials and exceptional customer service.

Media Contacts
Jean Niemi
Vice President, Corporate Communications
[email protected]
(773) 695-5253