Virginia Beach-based Taylor’s Do it Centers announced today its purchase of Pleasants Hardware and its seven Richmond-area stores.
Under the terms of the purchase agreement, effective Feb. 17, 2016, Taylor’s will acquire from The C.F. Sauer Company seven Pleasants Hardware locations in Richmond. All seven stores will continue to carry the Pleasants name.
“We are excited about today’s announcement and keeping Pleasants Hardware local, independent and serving the Richmond area,” said Joe Taylor, President and CEO of Taylor’s Do it Center. “We can’t wait to build on the legacy of outstanding customer service and make the Pleasants experience an even better one for customers and employees.”
Taylor’s Do it Centers is headquartered in Virginia Beach and operates 11 full-service home centers in the Hampton Roads area. The company was founded by a group of local businessmen that included Robert Taylor, Joe Taylor’s grandfather, in 1927. The C.F. Sauer Company purchased Pleasants Hardware in 1989 and has been family-owned or -operated since its founding in 1915.
“We honestly could not think of a better partner for this transition than Joe and his team at Taylor’s,” said Conrad Sauer IV, CEO of The C.F. Sauer Company. “The history and success of Taylor’s Do it Centers is incredibly similar to that of Pleasants, and we know we are bringing together two outstanding teams of employees with this agreement.”
The seven Pleasants Hardware locations will join Taylor’s Do it Centers as a member-owner of Do it Best Corp., the only U.S.-based, member-owned comprehensive and fully integrated hardware, lumber and building materials buying cooperative in the home improvement industry. Being a member of Do it Best Corp. enables Taylor’s Do it Centers and Pleasants to remain independently- and locally-owned, while benefitting from the global buying power the relationship provides to provide competitive pricing, expanded product selection and enhanced services for the communities they serve.
About Taylor’s Do it Centers
Taylor’s Do it Centers has been serving customers in Hampton Roads since 1927. With 11 locations in the Hampton Roads area, Taylor’s offers a complete line of hardware, plumbing, electrical, paint, house wares, lawn and garden, outdoor living, and other home improvement needs for the do-it-yourselfer and professional contractor. Learn more at taylorsdoit.com.
About Do it Best Corp.
Based in Fort Wayne, Ind., Do it Best Corp. is the only U.S.-based, member-owned comprehensive and fully integrated hardware, lumber and building materials buying cooperative in the home improvement industry. With annual sales nearing $3 billion, Do it Best Corp. is the second largest co-op in the industry, serving more than 3,800 member-owned locations in the United States and in 54 other countries. For more information, visit doitbestcorp.com and follow us on Facebook, LinkedIn and Twitter.