Moore-Handley, Inc.: Difference between revisions
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The company was purchased in [[1981]] by [[William Riley]] and other partners. Riley took the company public in [[1986]] and served as chairman, only becoming CEP in [[1997]]. | The company was purchased in [[1981]] by [[William Riley]] and other partners. Riley took the company public in [[1986]] and served as chairman, only becoming CEP in [[1997]]. | ||
In July [[2009]], citing loss of access to credit from commercial lender CIT Group, Moore-Handley filed for Chapter 11 bankruptcy protection. | In July [[2009]], citing loss of access to credit from commercial lender CIT Group, Moore-Handley filed for Chapter 11 bankruptcy protection. Bostwick-Braun Co. of Toledo, Ohio subsequently filed notice of intent to purchase the company. | ||
==References== | ==References== | ||
* "Birmingham's Moore-Handley files Chapter 11, blames CIT's woes." (July 20, 2009) ''Bloomberg News'' | * "Birmingham's Moore-Handley files Chapter 11, blames CIT's woes." (July 20, 2009) ''Bloomberg News'' | ||
* Cooper, Lauren B. (July 23, 2009) "Ohio company to buy Moore-Handley." ''Birmingham News'' | |||
==External links== | ==External links== | ||
Revision as of 16:55, 23 July 2009
Moore-Handley, Inc. is a national distributor of hardware and building materials located at 3140 Pelham Parkway in Pelham. Its primary business is supplying independent hardware stores and building centers. Moore-Handley is the exclusive distributor of their own "Hardware House" brand.
The company was founded by James and Benjamin Moore and W. A. Handley in Birmingham in 1882. It was incorporated as the Moore & Handley Hardware Company in 1888.
By 1910 the company had grown from a single retail store with $3000 capital to the largest hardware company in the state, with five acres of floor space in three buildings and an office and sales room located at 20th Street and Avenue A.
The company was purchased in 1981 by William Riley and other partners. Riley took the company public in 1986 and served as chairman, only becoming CEP in 1997.
In July 2009, citing loss of access to credit from commercial lender CIT Group, Moore-Handley filed for Chapter 11 bankruptcy protection. Bostwick-Braun Co. of Toledo, Ohio subsequently filed notice of intent to purchase the company.
References
- "Birmingham's Moore-Handley files Chapter 11, blames CIT's woes." (July 20, 2009) Bloomberg News
- Cooper, Lauren B. (July 23, 2009) "Ohio company to buy Moore-Handley." Birmingham News
External links
- Moore-Handley, Inc. website
- Hardware House website