plans to buy Hechinger Co. for $3 per share, or about $127 million, intending to merge Hechinger with Builders Square, which it had purchased from Kmart for $10 million. However, when Hechinger posted a second quarter loss of $40.6 million in August, Leonard Green cut their offer price, and ultimately purchased Hechinger Company for $2.375 per share, or about $100.2 million, in September 1997. After several rounds of store closings, the Hechinger Company filed for Chapter 11 bankruptcy protection on June 11, 1999, but the reorganization failed. Later that year, in September 1999, Hechinger's assets were liquidated, including its 117 remaining stores. In 2004, Home Décor Products bought the Hechinger brand name and opened an online retailer the following year, which sold the same products as the former brand. On February 5, 2009, it was announced that the site would shut down and Hechinger would no longer sell tools. The site closed shortly thereafter. References Further reading Golubovskis, George. "Hechinger no longer our hometown store," Washington Business Journal, July 18, 1997 "Post 200: Hechinger Co.," The Washington Post, April 28, 1997 Retail companies established in 1911 Re-established companies Companies based in Prince George's County, Maryland Retail companies disestablished in 1999 Retail companies disestablished in 2009 Defunct retail companies of the United States Home improvement retailers of the United States Companies that filed for Chapter 11 bankruptcy in 1999 Companies that have filed for Chapter 7 bankruptcy Defunct companies based in Maryland Retail companies established in 2004