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.

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 has filed for Chapter 11 bankruptcy, and will be sold to a competitor. Here's what it means for True Value's 100+ stores in Pennsylvania. Erie County pays ECGRA after funding mishap.

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.