CNRG acquires Wake Forest Ace
Natchez, Miss.-based Central Network Retail Group, or CNRG, said it acquired Ace Hardware in Wake Forest, N.C., and will rebrand the store as Town & Country Hardware.
The 12,500-sq.-ft. store located at 910 Gateway Commons Circle in Wake Forest will be the eighth store under CNRG’s Town & Country Hardware brand in North Carolina.
Phillip Helms, the stores’ owner, will join CNRG as district manager for the Town & Country stores.
“Phillip has built a great store in Wake Forest and has a distinguished career in retail,” said Boyden Moore, president of CNRG. “Philip will help us build the Town & Country brand throughout North Carolina. We are excited about this step forward in our growth and look forward to more to come.”
CNRG currently operates 38 home center and hardware stores in Mississippi, Louisiana, Alabama, Tennessee, Texas and North Carolina under the Home Hardware Center, Morrison Terrebonne Lumber Center, NFL Home Center, Elliott’s Hardware and Town & Country Hardware brands.
Delaware dealer hurt in store blaze
A fire that that heavily damaged Burton Bros. Hardware in Seaford, Del., sent one of the store owners to the hospital for smoke inhalation, according to an article in the News Journal.
Ric and Ron Marvel, ages 58 and 62, both responded to the fire alarm at their store as members of the Seaford Volunteer Fire Department. It was Ric, the younger brother, who was injured.
Scores of firefighters from numerous fire companies arrived after the local volunteers and battled the blaze for two hours. One firefighter was treated at a local hospital for burns.
While a garage annex holding the store’s stock of large appliances escaped damage, the main hardware store — built in 1893 and on the National Register of Historic Places — sustained major water and smoke damage on the first and second floors. The cause is still under investigation.
Downtown Seattle gets its own hardware store
An Ace Hardware store will open in downtown Seattle in the first quarter of 2013, according to an article in the Puget Sound Business Journal.
The 7,500-sq.-ft. store will be located next to a Bed Bath & Beyond and a paid parking lot. Delivery service will be offered for downtown residents.
The new Ace stores will be opened by the Meyers Group of Clinton, Wash., a real estate development firm that owns and operates grocery stores, gas stations and shopping centers. The Meyers Group also operates two True Value hardware stores.