The Greenwood Commonwealth reports that Hardware Distribution Warehouses, based in Marshall, Texas, is going out of business. The company has already terminated about half its employees, and will close once it liquidates its inventory.
The company is also closing its headquarters and warehouse in Texas.
General Manager Mary Stinson says the troubled employee-owned company tried to sell itself, but failed.
Vice President Jimmy Horne says workers aren’t being paid a severance and wouldn’t say when benefits ended.
Hardware Distribution Warehouses was formed in 1994 through the merger of three distributors, including Henderson & Baird of Greenwood. Including the predecessor, the company operated for 129 years in Greenwood.
HDW distributed hardware and building materials to 2,000 retailers across 11 states.
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