In 1922,
Wallace Hardware's predecessor, Whittaker-Holtsinger Company
was founded by Mr. W.B.Whittaker and Mr. Sam Holtsinger. Mr. D.M.
Wallace, father of the current owner, joined the company at its
inception and obtained the position of president in 1932 upon the
death of W.B. Whittaker.
The Wallace family acquired
control of the company in 1936; however, the company retained its
original name until 1944 when it was renamed Wallace Hardware
Company. Mr. D.M. Wallace served as president until his death in
1955. His brother, Mr. J.G. Wallace, served in that capacity until
Mr. John D. Wallace assumed the office in 1959.
In planning for the
future of the company, Mr. Wallace announced on December 27, 2002
his appointment of Stanley Snowden as president and CEO of Wallace
Hardware. Stanley is no stranger to Wallace Hardware having served
as Senior Vice-President of the company as well as CEO of a sister
company, Walker's Supply for several years. As a graduate of the
University of Tennessee, Snowden brings many unique abilities and an
intuitive leadership style that will direct the company's continued
growth.
John Wallace started with
the company on a part-time basis in 1936 at the age of eight.
During his tenure, the Wallace group of companies have grown to over
$100 million in annual sales. He has actively contributed his time
and talents within the company since. His abilities are evident in
his many accolades and awards of achievement he has received. Third
generation family members are active in the business today in
various aspects of the company's management and
operation.
In its early years, the
Wallace Hardware salesperson traveled oftentimes by horseback,
collecting orders and mailing them to the home office for
processing. The merchandise was then picked, packed and delivered by
wagon, truck or rail to its destination. All functions were
performed in a single building that soon required growth and
expansion. After several acquisitions and purchases of other
properties, development for a new 150,000 square foot warehouse
began in 1963. Wallace continued its expansion with an addition to
the warehouse in 1988, a lumberyard in 1997, and a new sales office
in 1998. It acquired certain assets and the sales force of C.H.
Miller of Huntingdon, Pennsylvania in February,
1999.
Wallace Hardware joined
the PRO Group, a national buying group, in 1963 as their fourth
participating distributor. Wallace Hardware continues to support the
group's efforts through the PRO, Farm Mart, Golden Link, Proven
Brands, and Rental Stop marketing programs.
Wallace Hardware strives to
be a Christian organization which projects a positive and motivating
witness. It wants to stand for the values and principles of the
highest order in honesty, integrity, and witness by example. It is
noted for its friendly people. It has various programs and services,
including two annual trade shows that give it the ability to offer
its customers the highest level of service available from any
hardlines distributor.
Wallace Hardware is
committed to continuing those ideals, attitudes, standards, and
services on which long lasting relationships, through partnerships,
will stand the test of time.
For more
information, call Wallace Hardware at (423) 586-5650
today! |