Colony Hardware acquires Bernie's Tool & Fastener Services effective 8/17/2018.
COLONY
Dear Vendors;
Colony Hardware Corporation is pleased to announce that we have purchased the operating assets of Bernie's Tool and Fastener Services Inc., in a transaction completed today August 17, 2018. Colony Hardware is a leading distributor of tools, fasteners, safety products and construction supplies with headquarters in Orange, Connecticut. In addition, we are very proud that the Bernie's employees and management team are joining Colony and we are also very excited about further expanding our business in the Florida market.
The mailing addresses for the business will remain the same. We plan few short term changes to the operations and the business will trade as Colony Hardware Corporation, dba Bernie's Tool and Fastener. In addition, Bernie's will continue to do their own purchasing. Colony is also assuming the trade accounts payable as part of the transaction. Please continue business as usual. Please also include all purchases from Bernie's as of August 18, 2018 in the rebate or incentive calculations of Colony Hardware Corporation. If you currently do not have a rebate and or incentive program with Colony, but maintain such a program with Bernie's then we expect that program to continue. Going forward all payments and or credits as of this same date should be made payable to Colony Hardware Corporation. In addition, absent a special program or other arrangement already in place with Bernie's we expect all favorable terms, discounts and pricing extended to any other Colony Hardware location to be effective for this location as of August 18, 2018.
On behalf of Bernie's Tool and Fastener Services Inc., and Colony Hardware Corporation, thank
you very much for your support in the past and the entire combined team is looking forward to earning your continued trust and confidence into the future. If you have any questions or unique circumstances that require additional discussion, please contact Colony's Director of Purchasing, Ralph Del Cervo at 203-466-5252, extension 343.
Sincerly,
Colony Hardware Corporation, 269 S. Lambert Road, Orange, CT. 06477
Download PDF Format: Bernies Vendor Letter