Handy Dan Home Improvement was an American

home improvement The concept of home improvement, home renovation or remodeling is the process of renovating, making improvements or making additions to one's home. Home improvement can consist of projects that upgrade an existing home interior (such as electr ...

store founded by Amnon Barness, an Israeli immigrant. It went out of business in May, 1989. By 1972, the company operated 30 stores in California, Texas, Arizona and Oklahoma. It made an initial offering in November, which led to Daylin, Inc. owning 81% of Handy Dan. Daylin filed for bankruptcy in February 1975, though its subsidiaries were not included in the Chapter 11 proceedings. Handy Dan was one of the few assets the company didn't sell during this time. Bernard Marcus was CEO of Handy Dan in 1978 when he was fired along with company vice president

Arthur Blank Arthur Morris Blank (born September 27, 1942) is an American Businessperson, businessman. He is best known for being a co-founder of the home improvement retailer Home Depot, The Home Depot. Blank owns three professional sports teams based in At ...

amid a corporate power struggle with Daylin CEO Sanford C. Sigoloff. Marcus and Blank went on to found

Home Depot The Home Depot, Inc., often referred to as Home Depot, is an American multinational corporation, multinational home improvement retail corporation that sells tools, construction products, appliances, and services, including fuel and transportat ...

. Daylin was purchased by W. R. Grace and Company in 1979. In 1986, Grace's retail home improvement division, which included Handy Dan and Channel Home Centers, was sold to the division's executives through a

leveraged buyout A leveraged buyout (LBO) is the acquisition of a company using a significant proportion of borrowed money (Leverage (finance), leverage) to fund the acquisition with the remainder of the purchase price funded with private equity. The assets of t ...

. Handy Dan played a major role in getting Texas's religion-based

blue laws Blue laws (also known as Sunday laws, Sunday trade laws, and Sunday closing laws) are laws restricting or banning certain activities on specified days, usually Sundays in the western world. The laws were adopted originally for religious reasons ...

repealed in 1984 by opening on Sunday and using white price stickers for goods that could be sold seven days a week, and blue price stickers for items that could not be sold on Sunday.{{dead link, date=November 2019

References

Retail companies disestablished in 1989 Hardware stores of the United States Defunct retail companies of the United States Defunct companies based in New Jersey The Home Depot