Colony Hardware acquires DriveKore, Inc. effective 9/11/19

COLONY

 

 

September 11, 2019

 Dear Vendors;

Colony Hardware Corporation is pleased to announce that we have purchased the operating assets of DriveKore, Inc. in a transaction completed today, September 11, 2019. 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 DriveKore employees and management team are joining Colony and we are also very excited about expanding our business in the Pennsylvania market. In addition, the Pro Cut Division of DriveKore was not part of the transaction and Kevin Craig will provide additional communications regarding Pro Cut in the very near future.

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 DriveKore. In addition, DriveKore 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 Drivekore's location (excluding Pro Cut) as of September 12, 2019 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 DriveKore 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 DriveKore we expect all favorable terms, discounts and pricing extended to any other Colony Hardware location to be effective for this location as of September 12, 2019.

On behalf of DriveKore 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 Cerva at 203-466-5252, extension 343.

Sincerely,

 

 

Colony Hardware Corporation, 269 S. Lambert Road, Orange, CT. 06477

 

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