Circular of the Week
At Benny’s, a 32-store chain out of Rhode Island and serving southern New England, outdoor entertaining for the Fourth of July is the theme with deals on pool maintenance, grills, lawn chairs and even Super Soakers. Every page is red, white and blue.
Ultra Hardware acquires Proman Tool
Pennsauken, N.J.-based Ultra Hardware announced it has completed the acquisition of Rockford, Ill.-based Proman Tool, a leading manufacturer of impulse hand tools.
The terms of the deal were not disclosed.
Proman Tool is the current exclusive impulse tool program at True Value Co., according to a release from Ultra Hardware.
“This acquisition vaults Ultra into the hand tools category,” said Rob Munin, Ultra’s VP. “Ultra plans on providing its expertise in new products and packaging to both enhance the True Value program and to expand distribution across Ultra’s vast customer base,” Munin added.
True Value names Jiawei Technology Partner of the Year
Chicago-based hardware co-op True Value recognized its top suppliers during its annual merchandise partners meeting and awards dinner June 2. The co-op honored its 2009 Supplier of the Year winners, Partner of the Year, and Service Partner of the Year.
“True Value’s business partners are dedicated to helping our retailers succeed,” said president and CEO Lyle Heidemann. “This year’s winners represent an exceptional group, and we’re pleased to honor these partners for their outstanding contributions, dedication to quality and positive financial impact on the co-op and our retailers’ businesses.”
This year’s Partner of the Year was Shenzhen, Guangdong, China-based Jiawei Technology, a photovoltaic solar products manufacturer. Jiawei was also named Supplier of the Year in the electrical category. “In addition to delivering innovative products, terrific service and a commitment to retail success to True Value retailers, Jiawei also consistently exceeds expectations with expedited production and shipment of inventory for increased orders,” the co-op said in a statement.
The following business partners were recognized as True Value’s 2009 Supplier of the Year within their respective product categories:
• Jiawei Technology (HK) — Electrical and Partner of the Year • The Mibro Group — Tools • Genova Products — Plumbing • Krylon Products Group — Paint • The Valvoline Co. — Hardware • Generac Power Systems — Seasonal Products • Panacea Products — Lawn and Garden • Pactiv Corp. — Home • Shinerich Industrial — Global Sourcing • Custom Building Products — Lumber and Building Materials
True Value also recognized USI Insurance Services Corp. as Service Partner of the Year. The Service Partner award acknowledges non-product suppliers that provide exemplary service and value to the co-op and its retailers. The co-op said USI has helped True Value dramatically reduce accidents, associate injuries, workers’ compensation costs and claim handling fees over the past five years.
The day after the awards ceremony, True Value welcomed hundreds of vendors for its 14th annual Charity Golf Classic. All the proceeds from the event provide funding for the True Value Foundation, the company said.