The group's principal activity is distribution of hardware and related merchandise in the United States and in other 51 countries. The group also manufactures and sells paint and paint applicators. At 31-Dec-2002, the group serves approximately 6,600 retail and distribution outlets. The group sells its products to hardware retailers, industrial distributors and rental retailers. The group operates through two segments namely: hardware and paint manufacturing and distribution. The trademarks of the group include true value(R), grand rental station(R), taylor rental(R), home & garden showplace(R) and induserve supply(r).