John Venhuizen, Ace Hardware president and CEO, recently took questions from Hardware Retailing about the co-op’s purchase of The Grommet, an e-commerce startup company. Ace announced the purchase Oct. 3.

Hardware Retailing (HR): Why did Ace purchase a majority stake in The Grommet?

 John Venhuizen (JV): There are three main reasons why we decided to purchase ownership of The Grommet:

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