Hartville will begin remodeling the space in July, with plans for a grand opening in the early fall.
Owner Charlie Welch purchased the Woodstock store in 1996
The acquisition is expected to be complete in the coming weeks.
Preservative supplier Koppers Holdings, Pittsburgh, Pa., has reentered the industrial treating business with its purchase of the industrial division of Cox Industries, Orangeburg, S.C., for approximately $200 million in cash.
Grabber Construction Products, Concord, Ca., has been acquired by GMS, a leading North American distributor of gypsum wallboard and suspended ceiling systems.
Officials are searching for any clues as to how the fire may have started.
GMS has consolidated its seven Dallas area locations under the name of its Cowtown Materials division, based in Fort Worth, Tx.