Scotty's Acquires 17 Hardware Stores From Florida Do It Best Hardware.Business EditorsWINTER HAVEN Winter Haven, resort city (1990 pop. 24,725), Polk co., central Fla; settled 1883. It is a marketing, processing, and shipping center for one of the state's chief citrus-fruit regions, with fruit-canning plants and packing houses. , Fla.--(BUSINESS WIRE)--June 3, 2002 Tom Morris, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Scotty' s, Inc. announced today that Scotty's Do It Best Hardware is acquiring 17 Do It Best hardware stores from Florida Do It Best Hardware of Orlando. The purchase price and terms of the agreement were not disclosed. "We are excited about acquiring the Florida Do It Best Hardware stores," Morris said. "We have been reducing the number of big stores in metropolitan areas for a few years now with the plan to increase and grow the successful Do It Best small hardware store format across Florida." "I chose to exit the hardware store business so I could concentrate once again on my core business, ACCENT Marketing, which is a national marketing company," said Tom Hansen Han·sen , Gerhard Henrik Armauer 1746-1845. Norwegian physician and bacteriologist who discovered (1869) the leprosy bacillus. , owner of the 17 Florida Do It Best Hardware stores. The 17 stores are located in Bradenton, Ft. Pierce Pierce may refer to: Places
According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Morris, it will take a few days to complete all legal and financial documents but Scotty's has already assumed all day-to-day operations of the Florida Do It Best Hardware business. Morris said the name will remain Florida Do It Best Hardware in those 17 locations but the stores would be owned and operated by Scotty's. Scotty's, headquartered in Winter Haven, already owns and operates 57 Scotty's Do It Best Hardware stores in Florida. This acquisition will increase Scotty's store count in Florida to 74. The company also operates stores in Waycross and Savannah, Georgia Savannah is a city located in (and the county seat of) Chatham County, Georgia (USA). The city's population was 128,500 in 2005, according to the most recent U.S. Census estimate. Savannah was the first colonial and state capital of Georgia. bringing the company total store count to 76 stores. "Scotty's has operated stores in over half of the 17 markets before so we have a pretty good feel for the opportunities that exist," Morris said. "Scotty's Do It Best Hardware stores in small towns and local neighborhoods have been very successful, and the addition of these 17 stores will significantly enhance our market position in the state of Florida where we have operated in one format or another since 1924," Morris added. |
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