Oakbrook, Illinois USA
YEAR ESTABLISHED: 1926
REVENUE: $175 million
• Architectural coatings
John Venhuizen, president and CEO; William Guzik, CFO.
For its first 50 years in business, Ace was privately held. In 1976, Ace became a retailer-owned cooperative. Each store is independently owned and operated by local entrepreneurs. Today, Ace is the largest retailer-owned cooperative in the hardware industry in terms of wholesale and retail sales and strength of the brand. Ace’s 4,600 stores in all 50 states and more than 60 countries generate annual retail sales of approximately $12 billion. Headquartered in Oak Brook, IL, Ace currently operates 14 distribution centers in the U.S. and one in Shanghai, China. Ace employs approximately 4,500 corporate team members worldwide and has four regional offices, located in Raleigh, NC; Atlanta, GA; Denver, CO; and Woodridge, Illinois. The Ace Paint division generated sales of approximately $175 million in 2014.