Sunday, April 28, 2024

House-Hasson Signs Letter of Intent to Acquire Midwest Wholesale Hardware Distributor Bostwick-Braun

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House-Hasson Hardware’s board of directors unanimously voted to make Steve Henry the new president of House-Hasson Hardware, America’s largest independent regional hardware distributor. "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. Growing dealer profitability is House-Hasson’s role with our thousands of independent hardware stores, home centers, and lumberyard dealers. Members of the Hasson family have served continuously as our company’s executive and board leadership.

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The acquisition will include warehouses and inventory. On March 19, independent regional hardware distributor House-Hasson Hardware signed a letter of intent to acquire Bostwick-Braun Hardware, a Midwestern wholesale hardware distributor. House-Hasson Hardware is in its second century of growing dealer profitability. Our company was founded in 1906 by Sam House and C.S. House-Hasson has grown to be America’s largest independent regional hardware distributor, serving nearly 3,000 independent hardware stores, home centers, and lumberyards in over 19 states and the Caribbean Basin.

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Our New Store Program will definitely help keep your initial costs down. Steve Henry, president and CEO of House-Hasson, and Pete Richichi, CEO of Bostwick-Braun, said the letter of intent was signed Tuesday. “I couldn’t be more optimistic about the future of House-Hasson.

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Open A New Store

"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. House-Hasson wants you to have a very strong opening with plenty of products merchandised well, have the store set-up to where its’ easy to shop, and have the store’s look and feel be appealing. We also want to help you kick it off with a Grand Opening Event, a special event to invite all surrounding people, provide food and prizes for them, and even entertainment if you want. House-Hasson will help with door prizes, food, creation of event flyers and we will also help work the event. These eerie ideas are ones your neighbors will appreciate — especially if they're lovers of the boogeyman's holiday.

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The hardware distributors said the combination would put them in "an even stronger position." The announcement of Henry as House-Hasson’s new president was made by James K. Hasson, House-Hasson board chairman, who said that it fulfills a succession plan designed by Don Hasson. House-Hasson's staff currently numbers 540 employees in Knoxville and Prichard. Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

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Said Henry, “Don was a great leader and a driving force in the industry. It's never too late to start planning your Halloween party or brainstorming creative pumpkin carving ideas or spooky DIY crafts to enjoy with the family (we're loving the spider string lights and spider web hoops). While you can always deck out your home in creepy All Hallows' Eve decor, another engaging idea is to transform the entire space into a haunted house. With one of these scary haunted house ideas, create the perfect trick-or-treating experience for kids and adults alike.

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Add a bunch of treats to individual bags, then wrap them up and place them in candy urns for trick-or-treaters to grab on the way to your haunted house or when they leave. DIY the faces with a black Sharpie and place your mini creatures on the floor throughout the space. And if you want even more ideas for October 31, watch one of these popular Halloween movies or wear one of these family, group, couples or Disney-inspired costumes. Before joining House-Hasson, Henry served as county regional president for two major banks, then moved from banking into the mortgage business.

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To protect your privacy, GHJ uses a double-opt in sign up for our mailing lists. After you complete this form, you will receive an email to confirm your signup. Please click the link on the email to complete the registration and be added to GHJ’s email lists. From our early days of making deliveries via horse and wagon, to the advanced systems of the 21st century, House-Hasson has been focused on dealer profitability. 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.

Create a Gallery of Ghost-like Faces

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househasson-hardware-cos-growth-connects-new-and-old-ways.

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House-Hasson’s leadership change follows the February 15 death of company President Don Hasson. Henry has served as House-Hasson’s executive vice president since March 2017. 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. The more time you put into decorating for Halloween, the bigger the pay off as far as how memorable your home is to the neighbors.

House-Hasson Hardware, founded in 1906, has grown to serve more than 2,500 independent hardware store and lumberyard dealers in 23 states and the Caribbean Basin. The company has more than 55,000 items in its two warehouses in Knoxville, Tenn., and Prichard, W. Va. "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."

House-Hasson serves dealers in 23 states and the Caribbean Basin. 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’s growth over the years has been augmented through the purchase of several distributorships, enabling us to expand our product inventory and serve dealers located over a broader geographical area. Henry is a Lenoir City, Tenn. native, and earned his business degree from the University of Tennessee. Richichi said that Bostwick-Braun has a nearly 170-year history of working for customers throughout the U.S. By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. Wholesale distribution news and trends delivered right to your inbox.

The pending acquisition's cost is being privately handled between the two companies. There's something about a red door and a sign that reads, "Keep Out," that makes people want to enter. Cover the door with cobwebs and secure them with masking tape. Paint words of warning on two slats of cardboard before taping them to the door. We believe in meeting clients where they are to help them #BeMore every day. GHJ works as your business advocate by providing personalized services and building long-term relationships to help position our clients for the future.

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