PUBLIC COMPANY; YEAR ESTABLISHED: 1926
REVENUE: $879 million
John S. Venhuizen, CEO and president; William M. Guzik, CFO, chief risk officer and executive VP; J. Thomas Glenn, president of East Tennessee and Northwest Georgia; Kerilyn M. Johnson, VP, general counsel and secretary; Lori L. Bossmann, executive VP of supply chain and retail support.
For 50 years, Ace was privately held before becoming a retailer-owned cooperative in 1976. 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 the 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. 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, North Carolina; Atlanta; Denver and Woodridge, IL.
Ace Hardware recently named Benjamin Moore its preferred paint supplier and will offer an assortment of Benjamin Moore paints to participating Ace stores in the U.S.
Ace Hardware stores will carry an assortment of premium interior and exterior Benjamin Moore paints, notably Regal Select and ben. Benjamin Moore will also assume responsibility for manufacturing Clark+Kensington and Royal, Ace Hardware’s private label paint brands.
“Ace has been and will continue to be a neighborhood destination for quality paint and helpful advice,” said John Surane, executive VP, chief merchandising and sales officer of Ace Hardware. “Our expanded relationship with Benjamin Moore reinforces our commitment to provide the highest quality brands, that can’t be found in discount stores or websites, to our customers while further strengthening our independent retailers.”