Hardware wholesaler files for bankruptcy and confirms it will sell 70-year-old business to rival ...Middle East

A PROMINENT hardware brand has filed for bankruptcy this month after over 70 years in business. Now, it plans to sell operations to one of its biggest competitors. GettyA prominent hardware wholesaler has filed for bankruptcy (stock image)[/caption] Getty Images - GettyThe brand plans to sell its assets to a competitor during the proceedings (stock image)[/caption] GettyTrue Value operates 4,500 stores nationwide and overseas[/caption] True Value began its Chapter 11 proceedings in the US Bankruptcy Court for the District of Delaware, per a Monday press release. It signed an agreement to sell all of its assets to Do it Best Corp, a hardware store company formerl

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