True Value has filed for bankruptcy, joining a line of other retailers with Ohio locations to make the financial move. Here's how that affects Ohio.

Hardware wholesaler True Value has filed for bankruptcy amid plans to sell its business to its home improvement rival Do It Best.

The long-standing home-improvement wholesaler says its 4,500 locations will stay open as the company sells its operations to rival Do It Best. A long-standing hardware wholesaler, True Value, is filing for bankruptcy.

Long-time hardware retailer True Value announced Monday it has filed for Chapter 11 bankruptcy and is entertaining a bid to sell its assets to competitor Do it Best.

True Value, a national hardware retailer whose roots go back more than 70 years, said Monday that it has declared bankruptcy and will sell itself to a competitor. The Chicago-based company filed for Chapter 11 protection from its debts in the U.

Wholesaler True Value filed for bankrtupcy Monday and announced its plans to sell to rival Do It Best. True Value retail stores are not included in the bankruptcy.

True Value, a 75-year old hardware store brand, has filed for bankruptcy and is selling substantially all of its operations to a rival, the company announced Monday.