Knoxville-based 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.
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, 2024. The acquisition will include warehouses and inventory. Detailed information here.
“We believe in the future of independent hardware stores and lumberyards,” Henry said. “When completed, this acquisition doubles the number of our distribution centers, grows our inventory and puts us in an even stronger position to provide everything our dealers need.”
In 2023, privately-owned House-Hasson, founded in 1906 in Knoxville, had total sales of $350 million; Bostwick-Braun’s sales were approximately $80 million.
House-Hasson serves dealers in 23 states and the Caribbean Basin.
Information and quotes provided by House-Hasson Hardware Company Inc.