True Value Company purchased certain assets of Nova Wildcat Shur-Line Holdings, including the Shur-Line and WordLock range of products.
“Acquiring Shur-Line’s products is an excellent strategic fit for True Value as we continue to invest in our strong portfolio of paint and paint products,” John Vanderpool, divisional president of True Value manufacturing and general paint. “For the last three years our team has been manufacturing many of Shur-Line’s products in our Cary facility, so we are experts with the Shur-Line portfolio. We are excited to work with retailers to further develop this great brand and continue providing consumers with easy-to-use paint project applicators and tools.”
Jake Kalnitz, senior vice president of merchandising, inventory, and pricing, said the purchase of WordLock products “demonstrates True Value’s focus on offering our retailers innovative, unique products.” The WordLock security product line fits in line with True Value’s core hardware offering, Kalnitz said.
“This is True Value’s third acquisition in the last 12 months and is another example of True Value’s commitment to investing in the business, aggressively pursuing growth, and ensuring retailers have what they need to win in the marketplace,” Chris Kempa, CEO of True Value Company, said. “I am proud of our team as we continue to lay the groundwork for our next 75 years in business.”
Shur-Line’s product line includes brushes, roller covers, mini rollers, paint trays, poles, frames, surface prep, edging and convenience tools. WordLock’s product line includes combination padlocks, bicycle locks, and car key locks.
