(KNOXVILLE, Tenn.) February 19, 2026, – House-Hasson Hardware Company, headquartered in Knoxville, Tennessee, today announced the appointment of Jeff Land as Chief Executive Officer. Land joins House-Hasson from Northern Tool & Equipment, where he currently serves as Senior Vice President of Merchandising, Inventory Management, Product Management, and Global Sourcing. He has previously served in senior roles at Generac and Harbor Freight.
Jim Hasson, Chairman of the Board of House-Hasson, said the decision reflects the company’s commitment to dealer-focused operations and long-term growth opportunities for alternatives to standardized and impersonal sales organizations.
“Jeff Land is a proven leader with deep experience across manufacturing, distribution, and retail within the hardware and building materials industry,” Hasson said. “As House-Hasson continues to grow in scale and complexity, the Board determined that this was the right moment to bring in a leader with the operational discipline, strategic vision, and industry insight needed to guide the company forward. After a comprehensive national search, Jeff clearly emerged as the best fit for the future of House-Hasson.”
Current House-Hasson CEO Steve Henry, who is retiring after 16 years with the company, welcomed the transition.
“House-Hasson is a strong, well-positioned company with an exceptional team and dealer network,” Henry said. “Jeff Land brings the experience and leadership needed to build on that foundation, and I am confident that he will serve our dealers, vendors, and employees extremely well as the company enters its next chapter.”
The Board, with the support of an executive search firm, conducted a nationwide search over the past five months, evaluating dozens of highly qualified internal and external candidates. Land brings more than 25 years of senior leadership experience across multiple segments of the hardware supply chain.
Incoming CEO Jeff Land said he is honored to join the organization and looks forward to continuing its momentum.
“House-Hasson’s nearly 120-year legacy is built on helping independent dealers grow stronger and more profitable in the communities they serve,” Land said. “I’m honored to join this exceptional team and look forward to advancing that legacy by investing in the capabilities and partnerships that will drive the next era of growth.”
House-Hasson Hardware operates in 26 states across the eastern United States, as well as the Caribbean and Central America. The company is the largest independent regional wholesale distributor of hardware and building materials in the U.S., serving more than 2000 independent retailers through a sales force of 70 representatives, four distribution centers, and over 600 employees. For more information, visit househasson.com.
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Media Contact: Lysette Aviles, laviles@househasson.com, 865-525-0471 ext. 250
KNOXVILLE, TN , Jan. 26, 2026 — House-Hasson Hardware’s January Buying Market, held Thursday, January 22, and Friday, January 23, at the Gaylord Opryland Convention Center in Nashville, Tennessee, delivered strong dealer attendance, an energized show floor, and meaningful buying opportunities for independent hardware retailers across the region.
House-Hasson dealers explore more than 600 vendors at the Opryland Convention Center in Nashville, TN.
Originally scheduled to run through Saturday, January 24, the market was proactively adjusted in response to a looming winter storm. House-Hasson leadership condensed the event to two days while extending show hours, ensuring dealers had ample time on the floor while prioritizing the safety of dealers, vendors, and staff. Despite the weather concerns, dealer turnout exceeded expectations as retailers arrived ready to buy, connect, and plan for the year ahead.
The market featured an impressive vendor lineup, with more than 600 vendors in attendance, including over 30 new vendors showcasing products and programs designed to help dealers differentiate their stores and drive profitability. Dealers explored show-only specials throughout the floor, including pallet specials and BOGOs, while also discovering new products and connecting directly with vendor partners, House-Hasson’s sales team, leadership, and dealer services staff.
House-Hasson dealers had the opportunity to meet new vendors across the market in emerging categories for hardware retailers, including Berne Apparel.
“The strength of this market really came from the depth and quality of the vendor lineup,” said Matt Patti, Vice President, Purchasing at House-Hasson. “We brought together the vendors our dealers rely on most, along with a strong group of new vendors and product offerings. Between show specials and new assortments, dealers had real opportunities to make decisions that support their stores both now and throughout the year.”
Vendor participation and flexibility played a key role in the market’s success. Even as the weather forecast evolved, vendors demonstrated strong commitment to the event—showing up, adapting quickly, and staying engaged to ensure dealers had productive time on the floor and access to the specials and support they came for.
“The traffic on the floor was outstanding,” said Dave Doering, Senior Vice President of Sales at House-Hasson. “Dealers showed up ready to shop and make the most of the market, and they truly appreciated the extended hours that allowed them to take their time while still staying ahead of the weather.”
Steve Henry, CEO & President, is a familiar face to dealers across the region as they walk the show floor.
“Our markets are critical to how dealers plan for the year ahead and protect their profitability,” said Steve Henry, President and CEO of House-Hasson. “We understand how important this buying opportunity is, and we’re committed to delivering a strong, well-supported market—even when circumstances change. The adjustments we made allowed dealers to focus on their business, connect with the right partners, and get the most value from their time with us.”
The January Buying Market was a strong start to the year and a clear reflection of House-Hasson’s commitment to providing independent retailers with the tools, opportunities, and partnerships that support store growth and long-term profitability. House-Hasson looks forward to welcoming dealers to its next in-person market, August 6–8, 2026, in Sevierville, Tennessee.
About House-Hasson Hardware Founded in 1906, House-Hasson Hardware is America’s largest independent regional wholesale hardware distributor, serving independent hardware stores, home centers, and lumberyards across 27 states in the eastern half of the United States. With a company-wide focus on dealer profitability, House-Hasson supports dealers through competitive programs, dependable distribution, and responsive service—helping stores strengthen margins and better serve their local communities.
Media Contact
Erin Webb
ewebb@househasson.com
865.591.6917
Jay Bunch, Chief Financial Officer, House-Hasson Hardware
KNOXVILLE, TN – July 21, 2025 — House-Hasson Hardware, the largest independent regional wholesale hardware distributor in the United States, is pleased to announce the appointment of Jay Bunch as Chief Financial Officer.
Jay brings more than 30 years of extensive financial leadership and accounting experience to the company. A graduate of the University of Tennessee, Knoxville with a degree in accounting, Jay is a licensed CPA in the state of Tennessee.
He began his career in public accounting with Coopers & Lybrand before joining Sea Ray Boats as Plant Controller, advancing through various operational and production roles over an 11-year tenure. Jay later joined Scripps Networks, which became part of Discovery and Warner Bros. Discovery, where he spent more than 16 years in roles of increasing responsibility, including Director of General Ledger Accounting and Senior Director of Global Content Accounting. Most recently, he served as Vice President of Finance and CFO at Sailfish Boats, marking a return to the marine industry.
“We are excited to welcome Jay to the House-Hasson team,” said Steve Henry, President and Chief Executive Officer, “His deep financial expertise and operational experience will be invaluable as we continue to grow and support independent hardware dealers across the U.S., Central America, and the Caribbean.”
House-Hasson also welcomes Matthew Patti as Vice President of Purchasing. Matthew has more than 30
Matthew Patti, Vice President of Purchasing, House-Hasson Hardware
years of experience in the hardware industry, with a proven track record of leadership across retail, vendor, and wholesale operations.
Matthew’s career began in big box retail as an Assistant Manager before transitioning to the vendor side, where he worked closely with both large chain stores and independent dealers. Most recently, he served as Vice President of Sales and Operations at Monroe Hardware, where he was responsible for overseeing sales, purchasing, marketing, and operations. Under his leadership, Monroe Hardware experienced consistent growth and improved profitability across all departments.
“Matthew’s deep industry knowledge, strategic mindset, and people-first leadership style make him an exceptional fit for House-Hasson,” said Steve Henry, President and Chief Executive Officer. “His ability to build strong relationships and drive collaborative growth will be instrumental in advancing our mission.”
Matthew’s expertise in supply chain management, sales strategy, and team development positions him to bring immediate value to House-Hasson and its vendor partners. He is passionate about fostering environments where teams and businesses grow together, and he is eager to create new opportunities that benefit all stakeholders.
House-Hasson Hardware, founded in 1906, is the largest independent regional wholesale hardware distributor in the United States. Family-owned and debt-free, the company proudly serves hardware stores, home centers, and lumberyards across the eastern U.S., Central America, and the Caribbean, with a focus on dealer success, profitability, and exceptional service.
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Media Contact: Lysette Aviles, laviles@househasson.com, 865-525-0471 ext. 250
Nailed It! Record-Breaking Attendance and Unbeatable Deals at House-Hasson’s January Nailed It! Hardware Savings Event
Nashville, TN, February 2, 2025 — House-Hasson’s January Nailed It! Hardware Savings Event held at the Gaylord Opryland Resort Convention Center in Nashville on January 30 – February 1, 2025, was the distributor’s biggest event yet, setting new attendance records for both dealers and vendors. Over the course of three activity-filled days, attendees packed the aisles, eager to take advantage of phenomenal deals and exclusive dating offers.
The Friday and Saturday morning breakfasts events were a major highlight, offering incredible buying opportunities that delivered significant savings. Country music band Rodeo Disco provided the entertainment on Friday night as the capacity crowd celebrated good deals and great company.
When the event wrapped up on Saturday afternoon, sales figures confirmed what everyone already knew— it was House-Hasson’s most successful show to date! With strong vendor participation, enthusiastic buyers, and unbeatable show specials, the Nailed It! Hardware Savings Event continues to set the standard for industry events.
“We feel honored and privileged to partner with the best Dealers and Vendors in the industry, we don’t ever want to take them for granted and it is when we have such a successful event as our January show, that we are reminded of how fortunate we are!” Steve Henry, House-Hasson President/CEO, said. “I guess that we can say we Nailed It!”. We are already planning and looking forward to our next big event! Come see us at the Sevierville Convention Center in Sevierville, TN June 12-14, 2025.
Steve Henry, CEO: “We’re here in Charlotte, North Carolina at the Speedway of Savings fall market for House-Hasson Hardware. It’s a brand-new venue, and we’ve been real excited about coming to Charlotte. We have never been here before; there are many advantages including this enormous show floor. It’s the largest floor we’ve ever had an opportunity to fill with vendors. You never know when you change venues how that’s going to work, but we’re fortunate that everything has worked out in our favor this time. We actually started the show on Thursday afternoon this year, which is new to us. We wanted to give everybody a preview and an opportunity to get here. It made it a challenge for all the vendors to get set up in time so we could let people in on Thursday, but that part of the change and the show has been well-received, and people have been very pleased with both the venue and the ability to come in here a half a day early. We’ve had a great crowd. We are very pleased with the turnout, both by vendors and dealers, and our salesmen are all here and there are great deals. We do this for our benefit but mainly for the benefit of our dealers. Profitability for our dealers is our number one goal. When our dealers are profitable, then we’re profitable, and our vendor community’s profitable, also. So, the more deals that we are able to put together on this floor everybody benefits.”
Dealer Attendee: “Say I love House-Hasson. (inaudible)”
Jason Rasmussen, VP Merchandising: This is the largest market that we’ve had here at House-Hasson. It’s over 145,000 square feet, and we have over 600 vendors participating in this market in categories ranging from sporting goods, appliances, farm and agriculture, pet supplies, housewares, cleaning, paint and paint sundries, lawn and garden, hand and power tools, plumbing, electrical, and impulse. In our outdoor power equipment category, we’re launching a new pricing strategy, helping you stay competitive at retail and compete against the big boxes. We’ve put a lot of effort into expanding our wholesale commodity-type product lines in plumbing and electrical, so we’ve got a significantly larger presence here this Market. We have a lot of different products in our pallet and impulse area to help you keep the front of the store stocked up to capture that last-minute sale. Our vendor partners have stepped up, and they have offered a lot of great promotions this market giving you opportunities to fill your end caps items to put into your circulars to help drive additional footsteps into your store.
Chase Petrunak, Petrunak’s Kitchens, Doors, & More!, Dealer: “Wait, should I start? (laughter) Hi, my name is Chase. We’re from Windber, Pennsylvania, Petrunak’s Kitchens, Doors, and More. This is my sister, my two sisters Courtney and Taylor, my nephew Wilder, and my mom and dad. And yeah, here we are… at the show. (laughter). We’ve been to several House-Hasson shows across the country, but I think this is our first one in Charlotte, and it’s a lot bigger than the other ones we’ve noticed. So far there’s been it’s been a good experience. We have gotten some deals. We’ve been buying some things. There are new vendors here that we haven’t seen before, a lot of cool demonstrations we’ve got to see, and yeah, the NASCAR Hall of Fame for dinner last night was really cool to check out. That was we appreciate that, and yeah we’re going to have to, we’re going to have to cut out a lot of uh cut out a lot of this. (laughter).”
Steve Gannon, VP & GM, House-Hasson, Pritchard, WV: We enjoy being here, meeting all of our customers, and it’s a great place to bring your family, very family-oriented, and the girls love to come and have fun and just run around.
Gannon daughter: I’ve been to about six shows, and I love coming here ’cause we can just run around. Most of the time kid-friendly hotels usually have pools, and I love pools; they’re really fun. And I love all my family.
Atkinson Family (dealer): “Hey you’re going to say we love House-Hasson Okay? Say it. Um, we love ason. We love love. We love a we love Hasson. (laughter)”
Steve Henry, CEO: “On Thursday night we gave everybody an opportunity to go to the NASCAR Hall of Fame. There were videos, there were opportunities to look at old cars, and cars that had won a lot of races and relive some of the history of NASCAR. On Friday night, people enjoyed the hospitality, the meal, the band that we had play, the opportunity to get to know each other, to network and just to visit and sit down and relax a little bit, because it’s been such a hectic week. We try to entertain and visit and make our relationships a little bit stronger than they were when we first got here. We like to know our customers, find out what’s going on, and it’s easier to do over a meal and it’s easier to do when we’ve in a casual environment which is what we try to provide at the end of each day. So this has been a great year, it’s been a great October market, and we’re very happy to be here and look forward to maybe another visit, maybe next fall. We’ll have to pay attention to what our dealer community says, because it’s all about getting them here to buy. And it’s very important to us that they’re pleased and happy. So we owe a debt of gratitude to our buyers, our dealers, and our vendors for making all this happen. It’s not something that happens overnight. A lot of work goes into planning it, and who knows when we’ll come back, but we look forward to being back in Charlotte sometime.”
KNOXVILLE, Tenn., Dec. 3, 2024 /PRNewswire/ — House-Hasson Hardware, America’s largest independent regional hardware distributor, has named Dave Doering, a nationally recognized leader in sales and customer service, as the company’s senior vice president of Sales, House-Hasson CEO Steve Henry announced.
“Dave’s accomplishments and abilities have made significant contributions to his previous companies and their customers,” Henry said. “House-Hasson is growing, both in the number of independent hardware stores and lumberyard dealers we serve, and in the territories we cover. Dave’s knowledge of how to grow sales on a broad scale, combined with his customer-centered approach, make him a great addition to the House-Hasson family.”
Doering said House-Hasson, which operates in 25 states, is a major force in the hardware industry because of its dedication to dealer profitability, its nearly 120-year history, and reputation for customer service.
“House-Hasson’s a big company but treats dealers like family,” Doering said. “That’s one of the things that really appealed to me when Steve and I first started talking about this opportunity. I like that our dealers can talk directly to the CEO if they want, and I plan to be equally accessible.”
“I’m joining a tremendously talented team that’s making an important difference for independent hardware store and lumberyard dealers,” Doering added. “This is an intensely competitive industry. House-Hasson has achieved its size and scope through excellent leadership, by putting dealers’ needs first, and by keeping a family spirit alive throughout the company. I look forward to continued growth and achieving new milestones together.”
Doering has more than 30 years of experience working at increasingly higher levels of responsibility in sales and product management, achieving up to double-digit sales increases and growing the profitability of major corporations as well as independent dealers. For the past 10 years, he was vice president/general manager of Retail & eCommerce for IPS Corp., a private-equity-owned manufacturer of building materials and industrial products. At IPS Corp., among his major customers were The Home Depot, Lowe’s, Amazon, Ace, True Value, Menards, and Grainger. Doering has also worked with Zep, Inc., General Electric, and Valspar.
House-Hasson Hardware, founded in Knoxville, Tenn. in 1906 by C.S. Hasson and Charles House, is a family-owned business that has expanded to serving dealers in 25 states and the Caribbean Basin.
House-Hasson has grown by acquiring other hardware distributors and by dealers either opening new stores or converting from other suppliers to House-Hasson. In July 2024 House-Hasson announced it had acquired the hardware distributorship assets of Bostwick-Braun, based in Toledo, Ohio, a move that added two warehouses and 45,000 SKUs to House-Hasson’s then-55,000.
House-Hasson has four warehouses, from which it serves some 2,500 independent hardware stores and lumberyard dealers: the headquarters warehouse in Knoxville, Tenn.; Prichard, W. Va.; West Helena, Ark.; and Ashley, Ind.
House-Hasson holds three dealer markets annually, at which dealers buy products at significant savings to help them build their sales margins. The next dealer market is scheduled for Jan. 30 through Feb. 1, 2025, at the Gaylord Opryland Resort and Convention Center, Nashville, Tenn.
Steve Henry joined Tennessee-based House-Hasson Hardware in 2010, as the company’s credit manager. In 2017, when Henry was named executive vice president. He took over the reins of the presidency in 2021.
In a recent interview with HBSDealer, Henry described the impact of the company’s recent acquisition of assets of Bostwick-Braun, which included distribution centers in Ashley, Indiana and West Helena, Arkansas — in addition to existing DCs in Knoxville, Tennessee and Prichard, West Virginia.
“Being able to double the number of our distribution centers gives us a a great opportunity to expand our footprint and what we believe we can do,” he said.
In Ashley, Indiana (from left to right): Rhonda Kugler, GM Ashley distribution center; Steve Gannon, VP Operations House-Hasson; David Barrand, Fire Chief, Town of Ashley; Lysette Aviles, VP Human Resources, Bill Hauge, CFO, House-Hasson; Steve Henry, President and CEO; Jason Rasmussen, VP Merchandising; Peggy Pankop-Barrand, Clerk-Treasurer, Town of Ashley; Heather Handshoe, Deputy Clerk, Town of Ashley.
House-Hasson has served customers in 23 states and the Caribbean Basin from its 500,000-square-foot headquarters warehouse in Knoxville, Tenn., and 250,000-square-foot warehouse in Prichard, W. Va.
The recent acquisition gives House-Hasson a total of approximately 1.3 million square feet of warehouse, receiving, shipping, and administrative space.
Video Transcript
Ken Clark: Hello everybody, I’m Ken Clark, the editor of Hardware and Building Supply Dealer at HBSDealer.com, and this is our one-on-one interview series. With us is Steve Henry from House Hasson in Tennessee. Steve joined House Hasson in 2010 and was elevated to the presidency in 2021. Welcome to the show, Steve. Can you say hello to our audience?
Steve Henry: Yes, thank you very much for inviting us, and hello to anybody that’s taken the time to see what we’ve got to say. We really appreciate the forum and the opportunity to share a few minutes with you about House Hasson and all the great things we’ve got going on.
Ken: One of the big stories recently has been House Hasson’s acquisition of Bostwick-Braun. In an article on HBS Dealer, we quoted you saying, “Our focus is dealer profitability, and that focus is the reason for the acquisition of Bostwick-Braun.” Can you describe how Bostwick-Braun fits into your plans?
Steve: Well, a lot of folks know we’ve been around a long time and have primarily worked out of two distribution centers. We’ve got our corporate office in Knoxville, Tennessee, and some time back, we bought a warehouse in Pritchard, West Virginia. So, we’re kind of east of the Mississippi River and, of course, have some international accounts in the islands. But being able to double the size of our distribution centers gives us a great opportunity to expand our footprint and what we believe we can do. We’ve been shipping to Texas, Louisiana, and Arkansas already, and the purchase of the distribution center in West Helena, Arkansas, really helps us ship hardware in that area.
Ken: It sounds like a great expansion opportunity.
Steve: Yes, it’s been a long haul from Knoxville to Texas, so if we can hit somewhere in between like we did, it helps. The icing on the cake was the Ashley, Indiana warehouse. It gives us a great opportunity to be in states we haven’t been in before, like Michigan, Indiana, and Missouri. We’ve been well-received and are looking forward to a long relationship with those dealers.
Ken: Are you in Knoxville right now?
Steve: Yes, I’m in my office here in Knoxville. It’s a little cloudy today, but there’s a whole lot of hardware business going on, and we’re grateful for that.
Ken: In the press releases from House Hasson, you’re described as America’s largest independent regional hardware distributor. You’re even expanding into the Caribbean. Do you have ambitions to become a national distributor?
Steve: I don’t know if we’ll fare very well on the other side of the Rocky Mountains. I think we like where we are just fine. There are distinct advantages to the size we’re going to be. Our “secret sauce” is relationships, and I’m afraid we wouldn’t do as well in that regard if we expanded too far beyond Indiana or Arkansas. There’s plenty of room to grow where we are, and we enjoy focusing on profitability for our dealers.
Ken: How would you describe your dealers? Are there common denominators?
Steve: We’ve got these small independent hardware stores throughout America that depend on us for hardware, from the front of the store to the back. They’re quaint, little hardware stores in small towns, often far from big box stores. They’re the backbone of America, and many are generational. That’s the fiber of who we are—we love catering to these folks and getting to know them.
Ken: How’s business at House Hasson? Are you seeing growth with your customers?
Steve: We’ve been overwhelmed, honestly. We’re really busy, but the hardest part is hiring. It’s tough to find enough people to do the job every day. We need more folks in all our warehouses, and they’re hard to come by. But we have plenty of work and are grateful for that. We’ve gotten several hundred new dealers from the Bostwick-Braun acquisition, and we’re filling warehouses with new stock, teaching our methods, and moving our technology into these locations.
Ken: In addition to the acquisition, are there any other highlights you’d like to mention?
Steve: We’ve just gotten through a very successful June market here in East Tennessee, in the Smoky Mountains, which was probably the largest market we’ve had in June—a record. We’re moving our next market to Charlotte, North Carolina, in October. One of the drawbacks we’ve heard from our dealers is that it’s hard to fly into Knoxville, so we fixed that by moving it to Charlotte, which has a larger airport. There’s even going to be a NASCAR race and an NFL game that weekend, so it’ll be a big event.
Ken: Well, I want to thank you for joining our one-on-one interview series. Steve Henry is the president and CEO of House-Hasson Hardware. Thank you so much, Steve.
Steve: Thank you very much. We appreciate the call.
House-Hasson Finalizes Acquisition of Former Midwest Wholesale Hardware Distributor Bostwick-Braun
KNOXVILLE, Tenn., July 2, 2024 — House-Hasson Hardware, America’s largest independent regional hardware distributor, has finalized its acquisition of former Midwestern U.S. wholesale hardware distributor Bostwick-Braun’s warehouses and inventory.
The acquisition adds to House-Hasson two warehouses in Indiana and Arkansas as well as more than 45,000 stock keeping units (SKU) to its existing 55,000 SKU inventory. The facility, inventory, and employee expansion will give House-Hasson a springboard to strengthen its position in multiple states and to grow its independent hardware store and lumberyard customer base in states it hasn’t previously served.
House-Hasson President & CEO Steve Henry
“Our focus is dealer profitability, and that focus is the reason for this acquisition,” said Steve Henry, House-Hasson president and CEO. “We’re adding the Arkansas warehouse to our existing ability to serve customers in Texas, Louisiana, Arkansas, and other Southwestern states. The Indiana warehouse opens opportunities for us in Indiana, Ohio, Pennsylvania, New York, Michigan, and other states in the Northeastern region.”
“Independent hardware stores and lumberyard dealers have a great future,” Henry said. “The need for them is growing every day. They provide an unmatched level of local service and responsiveness to their customers. We’re proud to serve them, and now we’ll be able to serve them even better.”
A due diligence process has been underway since the acquisition letter of intent was signed on Tuesday, March 19, 2024. The deal was finalized on Friday, June 28. Terms of the cash sale are private between the parties.
“Our corporate policy has long been to not borrow money to finance acquisitions,” Henry said. “Our debt-free status gives us great latitude and flexibility to act on behalf of our dealers’ best interests.”
To this point, House-Hasson has served customers in 23 states and the Caribbean Basin from its 500,000-square-foot headquarters warehouse in Knoxville, Tenn., and 250,000-square-foot warehouse in Prichard, W. Va. Adding to its operations the former Bostwick-Braun warehouses in West Helena, Ark., and Ashley, Ind., gives House-Hasson a total of approximately 1.3 million square feet of warehouse, receiving, shipping, and administrative space.
Additionally, 75 former Bostwick-Braun employees have transitioned into the House-Hasson workforce, bringing the total number to 532 House-Hasson employees serving dealers from the company’s now four locations.
“We’re delighted to have these great people join with us,” Henry said. “Throughout the due diligence process we’ve been impressed with their work and that they understand and want to be part of our focus on dealer service and profitability.”
House-Hasson, founded in 1906, is privately owned. The company’s website is www.househasson.com.
House-Hasson Signs Letter of Intent to Acquire Midwest Wholesale Hardware Distributor Bostwick-Braun
KNOXVILLE, Tenn., March 21, 2024 /PRNewswire/ — House-Hasson Hardware, America’s largest independent regional hardware distributor, has signed a letter of intent to acquire Bostwick-Braun Hardware, a Midwestern U.S. wholesale hardware distributor, officials of both companies have announced. The acquisition will include warehouses and inventory.
Steve Henry, president and CEO of House-Hasson, and Pete Richichi, CEO of Bostwick-Braun, said the letter of intent was signed Tuesday, March 19.
House-Hasson President & CEO Steve Henry
“We believe in the future of independent hardware stores and lumberyards,” Henry said. “These businesses are owned by many thousands of men and women, husbands and wives, sons and fathers, mothers and daughters, and we want to make sure they continue to prosper. Their profitability is our purpose.
“When completed, this acquisition doubles the number of our distribution centers, grows our inventory, and puts us in an even stronger position to provide everything our dealers need,” Henry said.
House-Hasson’s main warehouse is at its Knoxville, Tenn., corporate headquarters; a second warehouse is in Prichard, W. Va. With the addition of Bostwick-Braun’s West Helena, Ark., and Ashley, Ind., warehouses, House-Hasson will have more than 1.1 million square feet of warehouse, receiving and shipping space.
“Bostwick-Braun has a remarkable history, and, to its leadership’s credit, they recognized that now is a good time to partner together to better serve our combined customers,” Henry said.
Richichi said that Bostwick-Braun has a nearly 170-year history of working for customers throughout the U.S. Midwest.
“Bostwick-Braun is privileged to have served so many wonderful customers in our long history,” Richichi said. “Our doors opened only 79 years after the U.S. became an independent nation: since the day we opened we’ve enabled our customers to be successful.
“Our long history was possible because of generations of employees dedicated to doing a great job for our customers. Our assessment, after much consideration, is that House-Hasson, with its history and dealer-profitability focus, is exactly the right company to continue our legacy.”
The acquisition described in the letter of intent will be complete after a period of due diligence. The pending acquisition’s cost is being privately handled between the two companies.
In 2023, privately-owned House-Hasson, founded in 1906 in Knoxville, had total sales of $350 million; Bostwick-Braun’s sales were approximately $80 million.
There are 110 employees working in Bostwick-Braun’s two warehouses; House-Hasson plans to try to retain as many employees as possible. House-Hasson’s staff currently numbers 465 employees in Knoxville and Prichard.
The 56,000 stock keeping units (SKU) in Bostwick-Braun’s warehouses will be incorporated into House-Hasson’s system. House-Hasson presently has 55,000 SKUs in its two warehouses.
House-Hasson serves dealers in 23 states and the Caribbean Basin. The company’s website is www.househasson.com.
Contact: George Korda, (865) 567-2163
Chuck Morris, (865) 300-5669
House-Hasson Jan. dealer market sees big jump in attendance, sales
(KNOXVILLE, Tenn.) February 7, 2024 — House-Hasson Hardware, America’s largest independent regional hardware distributor, saw its January 2024 dealer market attendance jump by more than a third over the 2023 turnout, signaling that independent hardware store and lumberyard dealers anticipate high sales volume in 2024.
Dealer attendance increased 34% at House-Hasson’s Jan. 2024 Leap Into Savings dealer market, held at the Gaylord Opryland Resort & Convention Center, in Nashville, Tenn.
“We were pleased with last year’s turnout, but January’s Leap Into Savings market shot past what we were expecting in dealer turnout, and we also had big increases in new vendors and booths,” said Steve Henry, House-Hasson president and CEO. “Dealers took advantage of market buying opportunities that will enable them to meet or exceed their margins, and dealer profitability is our No. 1 priority.”
Warehouse sales were up 27% over 2023’s market, and is an indicator of dealer confidence, said Jason Hanegan, House-Hasson Senior Vice President Sales, Growth & Development.
“When dealers are pessimistic about the economy, or even cautious about how their sales will fare in the coming months, they can tend to be more reserved in their buying patterns,” Hanegan said. “However, given what we saw at the market, it appears dealers are looking forward to robust customer traffic in their stores.”
Market vendor attendance was up 25% over 2023, and 140 new booths were on the floor, leading to an expansion over past years of convention center floor space used by House-Hasson.
House-Hasson’s next dealer market, called Gateway to Summer, is scheduled June 13-15, 2024, at the Sevierville Convention Center, Sevierville, Tenn., near the Great Smoky Mountains National Park.
Later this year, House-Hasson will also hold a fall dealer market in Charlotte, North Carolina for the first time. The market is scheduled for October 10-12, 2024 at the Charlotte Convention Center.
House-Hasson Hardware serves some 2,500 dealers in 23 states and the Caribbean Basin. The 118-year-old, family-owned company has some 500,000 square-feet of warehouse space at its Knoxville, Tenn., headquarters, and 300,000 square-feet at its Prichard, W. Va., facility. The company’s website is www.househasson.com.
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