Natchez, Miss.-based Central Network Retail Group (CNRG) added Chapel Hill, N.C.-based Town & Country Hardware as a new partner.
Town & Country Hardware operates eight hardware stores in the North Carolina cities of Chapel Hill, Raleigh and Cary. Craig Ward, president of Town & Country Hardware, has also been added to the board of directors at CNRG.
Not counting this latest acquisition, CNRG operates 24 home center and hardware stores in Mississippi, Louisiana, Tennessee, Alabama and Texas. The group said it is creating a multi-format, multi-brand operating company through strategic partnerships and acquisitions. The brands include Home Hardware Center, Morrison Terrebonne Lumber Center, NFL Home Center and now Elliott's.
“As the independent channel continues to evolve, this merger is the logical next step that will create substantial value for our customers and staff,” Ward said. “Town & Country is excited to be a part of the CNRG concept and the future growth opportunities that awaits.”
“Craig and his stores are a very exciting addition to CNRG. Town & Country caters to an affluent customer base and is successful in a more densely populated, suburban setting,” said Boyden Moore, president of CNRG. “Craig‘s experience with his stores will help us drive improvements and growth across all of our brands.”