Ace Hardware Co

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The company, which was founded to provide a centralized purchasing organization to supply the founders' stores and others, was incorporated in 1928 as Ace Stores Inc. Its retail network expanded to hundreds of dealers by 1949, when annual sales reached about $10 million.
A mural advertisement for Arrow Ace Hardware in St. Peter, Minnesota.

After Hesse retired in 1973, Ace was sold to its retailers, becoming a cooperative, and the headquarters moved to suburban Oak Brook. Independent owners became dealer-owners and shareholders in the company. Because it's a co-op and not a franchise, each Ace store looks different. Ace has placed a focus on Ace stores exhibiting some similar characteristics, such as signaled and core product lines. The Vision 21 program, as this is called, is aimed to make all stores look identical.

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