Advance Auto Parts to buy DieHard brand from Sears for $200 million

Advance Auto Parts to buy DieHard brand from Sears for $200 million

Advance Auto Parts is acquiring Sears’ DieHard brand, known for its car batteries, for $200 million in cash, CNBC has learned. Under a supply agreement, Sears and Kmart owner Transformco will still have the rights to sell some DieHard items in Sears stores, Advance Chief Executive Officer Tom Greco told CNBC in a phone interview. … Read more…