Natchez, Miss.-based Central Network Retail Group (CNRG) announced the acquisition of Elliott’s Hardware, which operates three stores in the Dallas area. The transaction closed Feb. 1. All three stores will continue to operate under the Elliott’s Hardware banner.
“Elliott’s Hardware is an iconic brand in the hardware industry. We are very excited about the opportunity to build upon the company’s strengths and grow the brand in the Dallas market and beyond,” said Boyden Moore, president of CNRG. “We are also pleased that Andrea Spencer, granddaughter of Jerre Elliott, will continue to work with the CNRG team going forward.”
CNRG currently operates 24 home center and hardware stores in Mississippi, Louisiana, Tennessee, Alabama and Texas. The group says it is creating a multi-format, multi-brand operating company through strategic partnerships and acquisitions. The brands include Home Hardware Center, Morrison Terrebonne Lumber Center, NFL Home Center and now Elliott's.
“The CNRG team brings a wealth of knowledge to the table,” said Spencer. “Joining CNRG’s group of stores will provide Elliott’s Hardware the resources and expertise we need to grow.”