Wisconsin hardware store to move
Nelson True Value Hardware of Prairie du Chien, Wis., is set to move from its present location in the Blackhawk Junction Mall to build a new location on North Marquette Road, according to thonline.com.
Nelson True Value received the Innovative Retailer of the Year Award at the 2009 Golden Hammer Awards Ceremony.
Seitz to retire from Robert Bosch
Mount Prospect, Ill.-based Robert Bosch Tool Corp. has announced that Manfred Seitz will retire at the end of March 2011 as chairman, president and CEO after 34 years leading several different divisions of the Bosch Group.
The company said Terry Horan will succeed as president and CEO, effective April 1, 2011.
Born in Frankfurt, Germany, Seitz joined Bosch in 1977, after completing a degree in economics, and began his career in the Blaupunkt division. He had increasingly critical roles in various Bosch divisions around the world, spending the last seven years in the United States at Power Tools.
Horan has led the worldwide Rotary Tool business of the Robert Bosch Tool Corp. for the past six years and is a 25-year veteran of the home improvement industry.
Horan has spent 13 years with Bosch Power Tools leading both the SKIL brand during the Emerson Electric–Bosch joint venture period and, more recently, as president of the Rotary Tools business, which includes Dremel and RotoZip.
Northern Virginia hardware store buys plaza
Rankin’s Hardware, a three-store True Value member in Northern Virginia, has agreed to purchase the shopping plaza where its Colonial Beach store is located, according to fredericksburg.com.
According to the article, the hardware store chain purchased the location for $2.7 million when the bank offered generous terms. Aside from Rankin’s, the plaza houses a Dollar General, Papa John’s Pizza, Sweet Tastin Bakery, East Coast Physicians, PC and Memory Lane Gift Shop.
The company also hopes to renovate a 15,000-sq.-ft. portion on the southern end of the plaza, which requires a new roof.