Headquartered in Chicago, Cotter & Company was established in 1948 by John Cotter that included 25 independently-owned and operated stores. After purchasing Hibbard, Spencer, and Bartlett in 1963, Cotter got the company, along with the True Value trademark for $2500. Later in 1997, ServiStar joined hands with Cotter & Company and formed TruServ Corporation. After facing problems for a few years, it formed new management and got rid of the ServiStar and Coast to Coast brand names. After taking all these measures, it closed many regional distribution centers and by 2006, TruServ Corporation was renamed True Value Company.
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