True Value signals it’s looking for a buyer

True Value Co. is seeking to be acquired. According to a letter to vendors from CEO Chris Kempa, the company has “active, competitive offers for our business, and we are working tirelessly to finalize a purchase agreement.”

This is the second time in six years that True Value has pursued a sale. In 2018, Acon Investments, a private equity firm, purchased 70 percent of the company, moving it away from a co-op model.

Sarah McGoldrick