True Value said it has filed motions with the bankruptcy court to continue paying wages and benefits to its employees, as well as offer support programs for customers. The company aims to complete its sale to Do it Best by year-end. True Value serves more than 4,500 stores worldwide with total retail sales of $10 billion, according to the company.

Wholesaler True Value filed for bankrtupcy Monday and announced its plans to sell to rival Do It Best. True Value retail stores are not included in the bankruptcy.

True Value, a 75-year old hardware store brand, has filed for bankruptcy and is selling substantially all of its operations to a rival, the company announced Monday.

True Value, a 75-year-old hardware retail brand, has filed for bankruptcy and plans to sell itself to industry rival Do it Best Corp.

True Value, a wholesaler that sells merchandise to independently owned hardware stores, is selling many of its assets to rival Do It Best, Inc. The comp