Posts Tagged ‘acquisition’

Miller Expands With Acquisition of 2 ICI Paint Stores

Friday, January 8th, 2010
Hands015Posted by: Diane Capuano

Miller Paint, manufacturer and retailer of high-quality paint and coating products in the northwestern U.S., has entered into a definitive agreement with Akzo Nobel to acquire the business operations and related assets of two ICI Paint stores located in Portland and Salem, Ore. The transaction is scheduled to close Jan. 29, at which time Miller plans to operate the Portland store, located at 121 NE Weidler St., as a new Performance Coatings Center, and to consolidate the ICI Salem store into the existing Miller Paint store on 390 Lancaster Drive in Salem.

Additionally, Miller Paint and Akzo Nobel have established a new strategic alliance. Miller Paint has acquired the exclusive rights to distribute the full range (more…)

Merit Group (Lancaster) Purchasing Five Star

Wednesday, January 6th, 2010
Hands015Posted by: Diane Capuano

The following is a press release provided to us by Lancaster regarding the pending acquisition of Five Star Products Inc.

The Merit Group, Inc., a Spartanburg, South Carolina-based corporation, has reached an agreement to purchase outstanding shares of Five Star Products, Inc., a distributor of paint supplies, hardware and related products headquartered in East Hanover, New Jersey. The closing of this agreement is anticipated to occur in the first quarter of 2010. (more…)