Paint firm sells off division to finance expansion of core business; In association with Rensburg Sheppards.
Beers Building and Timber Supplies has taken over the division of Bromborough Paints, which is based in Eastham, Wirral, and employees 20 staff.
It already has four depots in Liverpool, Heswall, Hooton and Warrington.
Bromborough Paints, an independent paint and wall-coverings distributor with eight depots from Kendal to Shrewsbury, plans to invest the sale proceeds in expanding its core business. The firm will employ about 110 people following the sale.
Mike Cattell, director of Bromborough Paints, said: "Both companies are performing well in markets that are in decline. It is an excellent deal for both parties, enabling each to expand their own businesses.
"The deal underlines the success of two local, family-owned businesses, and demonstrates their confidence in their own abilities to buck the downward economic trend."
Bromborough Paints has recently opened a depot in Liverpool, with three others scheduled to open early this year in Chester, Northwich and Lancaster.
Neville Wellings (MD), and Mike Cattell, from Bromborough Paints, and Alan Beer (director) with Michael Beer (MD), from Beers Picture: PAUL HEAPS/ph090109kbeers-1
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|Publication:||Daily Post (Liverpool, England)|
|Date:||Jan 14, 2009|
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