Colony Hardware acquires Fort Worth Bolt & Tool effective 12/20/2019
COLONY
December 20, 2019
Dear Vendors;
Colony Hardware Corporation is pleased to announce that we have purchased the operating assets of Fort Worth Bolt and Tool Co. in a transaction completed today, December 20, 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 Fort Worth Bolt and Tool employees and management team are joining Colony and we are also very excited about expanding our business into the Texas 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 Fort Worth Bolt and Tool, Commercial Tool and Fastener and Denton Tool and Fastener. However, Colony Hardware did not purchase the rental operations of Fort Worth Bolt and Tool. In addition, Fort Worth Bolt and Tool 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 these locations as of Decem,ber 20, 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 Fort Worth Bolt and Tool 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 Fort Worth Bolt and Tool we expect all favorable terms, discounts and pricing extended to any other Colony Hardware location to be effective for this location as of December 20, 2019.
On behalf of Fort Worth Bolt and Tool 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: FWBT Colony Vendor Letter 12 20 2019