CHICAGO, Feb 25, 2019 – True Value Company, one of the world’s leading hardlines
wholesalers with a globally recognized brand, announced today a strategic
investment of $150 million in supply chain optimization including a brand-new,
cutting-edge distribution center in Hanover Township, PA.
The 1 million square feet of distribution space, currently under construction, is expected to create hundreds of new jobs in Luzerne County and support the entire northeast region which consists of more than 1,000 retail locations.
“True Value is excited to make this substantial investment to develop a world class supply chain and distribution operation in Hanover Township,” said John Hartmann, President and Chief Executive Officer at True Value Company. “The new facility will help alleviate congestion in our other distribution centers, provide the highest in-stock rates and position our network to support our retailers’ growth with greater flexibility and service.”
“True Value’s significant investment in northeastern Pennsylvania further establishes the South Valley corridor as the place where quality, global brands come to do business and create jobs,” said State Senator John Yudichak. “As the South Valley Parkway nears completion, the return on a $90 million public infrastructure project has generated $1 billion in private investment and the creation of thousands of new jobs.”
“On behalf of Hanover Township’s elected officials, I would like to thank True Value for its investment in our township and its confidence in northeastern Pennsylvania’s workforce,” said Russell Davis, Chairman of the Hanover Township Board of Commissioners. “Attracting True Value, a first-class company, to invest in NEPA is the reason why infrastructure projects like the South Valley Parkway are so important. I would like to welcome True Value to our region and I wish them all the best with its new state-of-the-art distribution center.”
“Our firm has been fortunate to work with corporate clients all over the U.S. and the True Value team is one of the finest group of professionals we’ve ever had the pleasure to work with to bring this project to reality,” said Nathaniel Hagedorn, Chief Executive Officer of NorthPoint. “We are honored to have been selected as the real estate partner on this important project.”
True Value currently operates 13 distribution centers in Arizona, California, Colorado, Georgia, Illinois, Minnesota, Missouri, New Hampshire, Ohio, Oregon, Pennsylvania, and Texas.
The new distribution center, located at Hanover 9 Industrial Park in Hanover Township, is slated to open this fall.