M.A.B. PAINTS ANNOUNCES ACQUISITION OF PAINT AMERICA CO.
M.A.B. PAINTS ANNOUNCES ACQUISITION OF PAINT AMERICA CO. BROOMALL, Pa., Jan. 21 /PRNewswire/ -- M.A. Bruder & Sons,
Incorporated, headquartered in Broomall, manufacturers and distributors of M.A.B. Paints and Coatings, announced today the acquisition of Paint America Co., a manufacturer and distributor of paints and coatings, headquartered in Dayton, Ohio.
M.A.B. Paints has more than 300 paint stores, dealers and Rich-Lux Home Centers in 18 Eastern and Midwestern states, plus the District of Columbia, with three manufacturing plants -- Philadelphia, Terre Haute, Ind., and Orlando, Fla. Paint America Co. distributes its products through 36 company- operated stores primarily in the Dayton and Cincinnati areas under the name of "Warehouse Paint Centers." Thomas A. Bruder Jr., president, stated this latest acquisition will create a synergism between the two companies and is a vote of confidence in the long-term strength of our economy. M.A.B. Paints is one of the largest privately held paint companies in the United States. The company manufactures various types of interior and exterior paints and coatings for home and industry under such trade names as Rich-Lux, Sea Shore, Four Seasons, Rust-O-Lastic, Ply-Tile, Ply-Mastic and Ply-Thane. /delval/ -0- 1/21/92 /CONTACT: James J. Bruder, executive vp, or David R. Winters, vp- finance, or Thomas A. Bruder III, 215-353-5100, all of M.A. Bruder & Sons/ CO: M.A. Bruder & Sons, Incorporated; Paint America Co. ST: Pennsylvania IN: SU: TNM
KA-CC -- PH010 -- 1764 01/21/92 11:16 EST
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|Date:||Jan 21, 1992|
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