85Ace Hardware Corp. Oakbrook, Illinois/USA www.acehardware.com
PUBLIC COMPANY
YEAR ESTABLISHED: 1926
REVENUE: $115 million ▲
(2010: 110mn)
MARKETS SERVED
• Architectural coatings
KEY EXECUTIVES
Ray Griffith, president and
CEO; Dave Zieglar, chairman.
For its first 50 years in business, Ace was privately held. In 1976, Ace became a retailer-owned cooperative. Each store is independently owned and operated by local entrepreneurs. Today, Ace is the largest retailer-owned cooperative in the
hardware industry in terms of wholesale and retail sales and
strength of the brand. Ace’s 4,600 stores in all 50 states and more
than 60 countries generate annual retail sales of approximately
$12 billion. Headquartered in Oak Brook, Illinois, Ace currently
operates 14 distribution centers in the U.S. and one in Shanghai,
China. Ace employs approximately 4,500 corporate team members worldwide and has four regional offices, located in Raleigh,
North Caroline; Atlanta, Georgia; Denver, Colorodo; and
Woodridge, Illinois. The Ace Paint division, which sells architectural coatings through its retail locations, generated revenue of
roughly $115 in 2011. During the year Ace Paint launched
launched its first paint and primer in one—Clark + Kensington.
78 | Coatings World
www.coatingsworld.com
July 2012
