$150M Investment Towards Modernization of Supply Chain
CHICAGO, Feb. 25, 2019 –
True Value Company, one of the world’s leading hardlines wholesalers with a globally recognized brand, announced today a strategic investment of $150 million in supply chain optimization including a brand-new, cutting-edge distribution center in Hanover Township, PA.
The 1 million square feet of distribution space, currently under construction, is expected to create hundreds of new jobs in Luzerne County and support the entire northeast region which consists of more than 1,000 retail locations.
“True Value is excited to make this substantial investment to develop a world class supply chain and distribution operation in Hanover Township,” said John Hartmann, President and Chief Executive Officer at True Value Company. “The new facility will help alleviate congestion in our other distribution centers, provide the highest in-stock rates and position our network to support our retailers’ growth with greater flexibility and service.”
“True Value’s significant investment in northeastern Pennsylvania further establishes the South Valley corridor as the place where quality, global brands come to do business and create jobs,” said State Senator John Yudichak. “As the South Valley Parkway nears completion, the return on a $90 million public infrastructure project has generated $1 billion in private investment and the creation of thousands of new jobs.”
“On behalf of Hanover Township’s elected officials, I would like to thank True Value for its investment in our township and its confidence in northeastern Pennsylvania’s workforce,” said Russell Davis, Chairman of the Hanover Township Board of Commissioners. “Attracting True Value, a first-class company, to invest in NEPA is the reason why infrastructure projects like the South Valley Parkway are so important. I would like to welcome True Value to our region and I wish them all the best with its new state-of-the-art distribution center.”
“Our firm has been fortunate to work with corporate clients all over the U.S. and the True Value team is one of the finest group of professionals we’ve ever had the pleasure to work with to bring this project to reality,” said Nathaniel Hagedorn, Chief Executive Officer of NorthPoint. “We are honored to have been selected as the real estate partner on this important project.”
True Value currently operates 13 distribution centers in Arizona, California, Colorado, Georgia, Illinois, Minnesota, Missouri, New Hampshire, Ohio, Oregon, Pennsylvania, and Texas.
The new distribution center, located at Hanover 9 Industrial Park in Hanover Township, is slated to open this fall.
About True Value Company
True Value Company, headquartered in Chicago, is one of the world's leading hardlines wholesalers with a globally recognized brand and over 70 years of experience serving independent hardware retailers. True Value Company provides its customers in over 60 countries an expansive product set with market-customized assortments at highly competitive prices, superior product availability, innovative marketing programs and a la carte value-added services like eCommerce ship-to-store, store remodel support and True Value University, all within a flexible model that requires no membership. With 13 regional distribution centers, and approximately 2,500 associates serving over 4,500 stores, True Value Company celebrates independence and drives retail excellence across the U.S. and internationally. Learn more at www.TrueValueCompany.com.
Manager, Media Relations