YEAR ESTABLISHED: 1926
REVENUE: $199 million
MARKETS SERVED: Architectural coatings
John S. Venhuizen, chief executive officer and president; William M. Guzik, chief financial officer, chief risk officer and executive vice president; J. Thomas Glenn, president of East Tennessee and Northwest Georgia; Kerilyn M. Johnson, vice president, general counsel and secretary; Lori L. Bossmann, executive vice president of supply chain and retail support.
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.