Ace Hardware Enters Mexico
Ace Hardware International Holdings, Ltd., a subsidiary of Ace Hardware Corporation, has partnered with PIMSA Ferreteros to provide the full warehousing and distribution solution for Ace International’s Mexico initiative. Mexico is the 11th largest economy in the world based on gross domestic product and has one of the highest home ownership rates. With the growing demand for home repair, maintenance, and improvement products, this is an opportunity to introduce the Ace Hardware store model, it says. Franchisees benefit from a turnkey business model and a trusted brand with over 96 years of renowned service. It will open an office in the city of Monterrey and establish a network of Mexican companies and vendors. The franchise program in Mexico will offer a variety of flexible store formats ranging from 300 square metres to 3,000 square metres with both Mexican and global brands to meet the needs of the home improvement consumer. The primary area of franchise development will be in Mexico City with a projected opening of the first store in mid-2021.