ACO Hardware announces store closing at plaza
ACO Hardware has been purchased by Ace Hardware, the nation’s largest hardware cooperative. The transition of stores began in January with 26 of the 52 ACO stores, all in Michigan, converting to Great Lakes Ace Hardware, according to senior account executive Mike Ingberg of Marx Layne and Company, representing ACO.
The second phase of the transition to Ace begins immediately with a “Total Inventory Blowout Sale” in the remaining 26 stores in several cities in metropolitan Detroit, including Dearborn, Livonia, Plymouth and Sterling Heights, as well as Lansing, Jackson and Monroe.
Once the transition is complete, all stores, except for three, will reopen as Ace Hardware branded stores. The ACO stores in Tecumseh, Saline, and Dearborn Heights will be closing after the second phase of the transition is complete, according to Ingberg.
“All employees can apply for positions with other stores,” he said.
“Our customers are enjoying seeing the expansion of our product offerings to include more world class brand names,” said ACO Inc. President Mark VandenBerg. “As we near the completion of ‘Phase I’ and begin ‘Phase II’ of our transition to Great Lakes Ace Hardware, our customers have provided a lot of positive feedback. We welcome everyone to not only take advantage of the sales going on now, but also come back when the stores reopen to renew their relationships with many of the same staff they have gotten to know over the years.”
To become fully aligned with the Ace Hardware brand and merchandise selection, the ACO stores will offer savings on current inventory, including seasonal lawn and garden products, as they sell down to clear the stores. SB Capital Group, LLC, has been retained to operate transitional sale events in the ACO store locations.
ACO, headquartered in Farmington Hills, Mich. and originally founded in 1946 as Traskos Brothers Hardware Depot in Dearborn, Mich., has been firmly rooted in its founding principle of providing friendly and knowledgeable service. The organization currently employs approximately 850 associates and will continue to be an economic driver in the Detroit market.