SHAWANO, WI- Shoppers at True Value stores in Shawano and Oconto Falls can expect business as usual despite the company’s recent Chapter 11 bankruptcy filing. Chicago-based True Value announced that all of its 4,500 locations, including Qualheim’s True Value in Shawano and United True Value in Oconto Falls, will stay open throughout the bankruptcy process. Nearly all True Value stores, except for one, are independently owned, meaning local operations are expected to see minimal, if any, changes during this time.
Management issued a statement on their Facebook page.
“Before too much speculation starts, we want you to know that we are not going anywhere. We are a local, privately owned business and are in good financial health. The Chapter 11 filing and impending sale of True Value Company will have no bearing on us at this point. We have many other suppliers and options available to us and we will determine what the best path is going forward to best serve our community.”
United True Value in Oconto Falls also issued a statement on Facebook.
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