Ad-Express and Daily Iowegian, Centerville, IA

Local News

November 1, 2013

New owner: Fogle True Value Hardware

The True Value Hardware store in Centerville has changed hands. It now goes by the name of Fogle True Value & Hardware.

Steve and Leona Fogle's first day as new owners was Aug. 24. Former owners, Jim and Dave Stephens, decided that after 36 years it was time to sell the business.

It took the Stephen's more than one try to convince the Fogle's to purchase the business, Leona said Friday morning, Oct. 25 during Customer Appreciation day. The first offer was three years ago, she said, but Steve was reluctant because he had a successful construction and excavation business that he enjoyed.

"It's been a very successful business," Leona said. "And we've raised a family and it's worked well for us."

But yet, Leona said, they couldn't help but think and talk about their impending retirement and Steve, getting older, found working in the winter cold and summer heat was catching up with him.

So, the Stephens' second try turned out to be the deal clincher.

Helping the Fogle's make the decision was Steve and Leona's current and previous work experiences. Steve, with his construction background and experience in electrical and plumbing and Leona's retail job as the manager at Dollar General.

"So, it just seemed like a good mesh for us, as a couple," Leona said. "We were very lucky that the Stephens' offered it to us and gave us a chance to buy it. It's a good store. We just need to update some things and get some new stuff in and bring a little more life to it."

The Fogle's see their purchase of True Value in multiple ways: Make a living now on into retirement; a legacy for their children and retention?

Leona said the idea they had when they decided to invest in the purchase of the business was that it would serve them through retirement and serve their children and perhaps convince them to stay in Centerville.

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