A company built with an entrepreneurial spirit
The genesis of True Value is rooted in the histories of three entrepreneurial companies.
The origins of the wholesale hardware business can be traced to 1910, when a group of hardware dealers met in Pittsburgh to establish American Hardware and Supply Company. Decades later, American Hardware would be named ServiStar.
In the late 1920s, three brothers huddled around a kitchen table in Minnesota to sketch their dream. By 1928, the first Coast to Coast store was opened.
In 1948, John Cotter established Cotter & Company, a hardware co-op with 25 retail members. Having started his career at a neighborhood hardware store at age 12, he would build on strong industry roots. With the purchase of Hibbard, Spencer and Bartlett in 1963, Cotter not only acquired the company, but also the True Value trademark. The number of member stores expanded.
After the merger of Coast to Coast with ServiStar in 1996, the co-op's commitment to its members was further strengthened. In 1997, Cotter and Company and ServiStar Coast to Coast form one of the industry's largest dealer-owned buying group — TruServ Corporation.
Today, as True Value Company, the co-op has forged an exciting future with the launch of a new store format. Store by store, our members are supported and empowered to hold a solid position in the hardware industry and the communities they serve.