House-Hasson the “largest independent, regional distributor” in the United States.
(Nov. 16) Knoxville, Tenn.-based House-Hasson Hardware says the acquisition of Moore-Handley has made House-Hasson the “largest independent, regional distributor” in the United States. The deal also provides a “substantial sales boost,” according to the company.
“Moore-Handley was a great fit for us,” said president and CEO Don Hasson, in a press release. “We picked up some outstanding sales reps and outstanding customers, and we are looking forward to helping these new dealers improve and grow their businesses.”
Moore-Handley, a regional distributor founded in 1882 and based in Pelham, Ala., filed for Chapter 11 bankruptcy protection on July 17. House-Hasson emerged as the high bidder during a bankruptcy auction and was awarded substantially all assets of the company on Oct. 2, 2009, by the U.S. Bankruptcy Court, Northern District of Alabama.
Hasson said the deal was a key reason why the company’s Fall Dealer Market was the “best show we’ve ever had.” He added: “We had more dealers in attendance and had our largest sales ever.”
House-Hasson Hardware has also partnered with Atchison, Kan.-based Blish-Mize Co. to acquire Hardware House Products Co., a private-label brand of products that had operated as a subsidiary of Moore-Handley.
Hardware House Products, which will now be called Hardware House LLC, was developed in 1999 as an alternative to help independent retailers capture better profit margins from products that cannot be found at national chains.