News

House-Hasson Signs Letter of Intent to Acquire Midwest Wholesale Hardware Distributor Bostwick-Braun

Add to my favorite

2024-04-15

House-Hasson Hardware, America's largest independent regional hardware distributor, has signed a letter of intent to acquire Bostwick-Braun Hardware, a Midwestern U.S. wholesale hardware distributor, officials of both companies have announced. The acquisition will include warehouses and inventory.

Steve Henry, president and CEO of House-Hasson, and Pete Richichi, CEO of Bostwick-Braun, said the letter of intent was signed Tuesday, March 19.

House-Hasson's main warehouse is at its Knoxville, Tenn., corporate headquarters; a second warehouse is in Prichard, W. Va. With the addition of Bostwick-Braun's West Helena, Ark., and Ashley, Ind., warehouses, House-Hasson will have more than 1.1 million square feet of warehouse, receiving and shipping space.

The acquisition described in the letter of intent will be complete after a period of due diligence. The pending acquisition's cost is being privately handled between the two companies.

The 56,000 stock keeping units (SKU) in Bostwick-Braun's warehouses will be incorporated into House-Hasson's system. House-Hasson presently has 55,000 SKUs in its two warehouses.

House-Hassonz

hardware distributor

Bostwick-Braun

wholesale hardware distributor

acquisition

letter of intent

warehouse

inventory

分銷商

批發經銷商

併購

意向書