Coreas Hazells Inc. has separated its building supplies operations into a new legal entity named Coreas Building Supplies Ltd.
The company said the separation from its parent company is expected to allow Coreas Building Supplies Ltd. to focus more on its core business and better serve its customers.
All locations within the building supplies division will be rebranded under the name Coreas Ace Hardware.
“The decision to rebrand all locations will allow the company to build a stronger and more recognisable brand,” the company said in a press statement.
“Coreas Ace Hardware stores will operate in Arnos Vale, Pembroke, Bequia at Bayshore Mall and two locations in Kingstown — one previously known as Construction Supplies. Diamond Woods will remain operational under its current name at its temporary location.”
The company said it will also continue to operate its online retail store.
“This move is a positive step for both companies, ensuring continued high levels of service and quality products for Coreas Ace Hardware and Diamond Woods customers,” the company said, adding that the change becomes effective today (Monday), May 1.