Mid-States grows in Missouri
Farm-and-ranch distributor buys former Toy’s ‘R’ Us facility.
Farm-and-ranch co-op Mid-States Distributing LLC, purchased a distribution center previously owned by Toy’s “R” Us in Lee’s Summit, Mo. A ribbon-cutting ceremony on Nov. 13 included Mid-States executives and local officials.
Mid-States, which has 39 retail members operating some 700 store locations in the U.S. and Canada.
The company plans to invest more than $35 million in the Lee’s Summit facility, which measures more than 725,000 square feet on a 41-acre lot
Tom Mahlke, president and CEO. Told the Fox News affiliate in Kansas City, Mo., that the company will enjoy the ability to grow into the facility. “We’re going to start out and probably we’ll occupy maybe a third to a half of the building,” he said. “But our growth plans suggest we’re going to need all of the building in the next 2 to 5 years.”
Included on the “Our Members” page of the Mid-States web site are Atwoods of Enid, Okla.; Bomgaars Supply of Sioux City, Iowa; and C-A-L Ranch Stores of Idaho Falls, Idaho. Mid-States describes its annual sales as more than $6.5 billion.
HDW appoints new president
Stapleton to replace Beauvais at Texas-based regional hardware distributor.
Hardware Distribution Warehouses announced a replacement for CEO and President Kenneth R. Beauvais, who resigned November 5. Billy Stapleton has been appointed by the new HDW Board of Directors as president of HDW.
Prior to becoming president, Stapleton was the VP of merchandising. He has been with HDW for 23 years.
“The board is confident that under his leadership and guidance HDW will continue to move forward,” according to the announcement released.
Stapleton has worked in the wholesale hardware industry for more than 30 years and began his career with Dallas, Texas-based Higginbotham Pearlstone, which was on of the three distributors that helped form the original HDW in 1994.
Hardware Distribution Warehouse, Inc. is an employee-owned company. It provides independent hardware and lumber yards a source for retail products. HDW is a member-owner of Distribution America, the nation’s largest network of independent hardware and paint sundries wholesale distributors.
CEO resigns at HDW
Kenny Beauvais leaves Texas-based Hardware Distribution Warehouses Inc.
Marshall, Texas-based HDW Inc. President and CEO Kenny Beauvais is leaving the company.
The move was confirmed by the company and comes more than a year after it combined the operations of its distribution centers in Shreveport, La., and Houston, Texas into a single facility in Marshall, Texas, where it set up its headquarters.
HDW took on the Houston facility when it acquired the distributor formerly known as Handy Hardware in 2016.
HDW also operates a distribution center in Greenwood, Mississippi.
In a press release from September, Beauvais pointed to strong sales at the company’s Fall Market, which benefited from 60 new dealer attendees.
According to Jimmy Horne, VP of corporate communications, a decision on who will become the new CEO has not been made yet. HDW, which stands for Hardware Distribution Warehouses, plans to provide more information shortly.
HDW is a product of multiple mergers in the hardware distribution industry. It was formed in 1994 with the combination of three companies: South States, Inc. of Shreveport, La.; Henderson & Baird Company, Greenwood, Miss.; and Higginbotham-Pearlstone Hardware Company, Dallas, Texas. That combined entity took on the name of “South States,” and later changed to HDW.
The company’s web site says the distributor today serves more than 2,000 lumberyards hardware stores and other retailers in 11 southern states.