What is the history with ACE and ACO Hardware Stores?

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I am not sure of the details but I lived in Ypsilanti, Michigan from 1980-1982 and the ACE hardware in our shopping center became an ACO while I was there.
I got this from a member of the Traskos family, who founded ACO. They had been affiliated with ACE, and went their own way, many years ago. I will try to get more info, and post it later on.
The store originally started as "The Hardware Depot" as a single store in Dearborn. It was then cheaper to buy from "Ace" than from local wholesaler's. The company name was changed to Ace value center. The company spread to many new locations and it was were they were large enough to buy strait from the manufacturer's. Signs are very expensive and it was cheaper to change one letter to an "O" than replace all the signs. (information from my great-grandfather one of the original creators of the company)
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