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Hardware distributor closing, laying off workers

1 year 10 months 3 weeks ago Thursday, January 10 2019 Jan 10, 2019 January 10, 2019 1:01 PM January 10, 2019 in News - AP Texas Headlines

GREENWOOD, Miss. (AP) - A Mississippi Delta hardware distributor is closing, laying off 54 people.

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.

Information from: The Greenwood Commonwealth, http://www.gwcommonwealth.com

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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