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Benjamin Moore & Co. Acquires Insl-x Products Corporation

Published on 2007-12-17. Author : SpecialChem

MONTVALE, N.J. -- With an eye to expanding its share of the North American coatings market, Benjamin Moore & Co. has announced its intent to purchase select assets and brands of Insl-x Products Corporation, a coatings manufacturer based in Stony Point, New York.

According to Denis Abrams, president and CEO, of Benjamin Moore, the acquisition is a strategic move that provides Benjamin Moore with several strong brands and a breadth of coatings products, including Insl-x, Coronado, Bruning, Trinity Lacquers, and Lenmar.

"Insl-x carries a strong reputation for delivering a wide range of premium products and for superior customer service. This acquisition allows Benjamin Moore to expand its overall product portfolio assuring that our customers remain strong and profitable," noted Abrams. "We are pleased that the Insl-x company will continue to operate under the guidance of its president, Jim Weil, whose father founded the company in 1960. This acquisition yet again underscores Benjamin Moore's on-going commitment to its customers .

"Ensuring the continuation of outstanding service to Insl-x loyal customers is a top priority for Benjamin Moore," continued Abrams. "Consequently, moving forward the Insl-x service team and Insl-x product offerings will remain intact."

While financial terms of the deal were not released, Abrams did share that the Insl-x management team and the company's employees will continue in their current positions. Manufacturing and distribution of all Insl-x products will continue at their respective locations.

About Insl-x Products Corporation:

A family owned and operated business since 1960, Jim Weil assumed ownership of the company from his father in 1979. Insl-x manufactures and sells its own brand of finishes and expanded from specialty and industrial products to architectural coatings through a number of acquisitions, such as Bruning and Coronado. Headquartered in Stony Point, New York, Insl-x manufactures all products in its portfolio at its own plants located in Stony Point, Edgewater, Florida, Baltimore, Maryland, and Mineral Wells, Texas. Its distribution centers are sited in Illinois, Nevada, Texas and Alaska.

About Benjamin Moore & Co.:

Benjamin Moore & Co., a Berkshire Hathaway company, was founded in 1883 and celebrates its 125th anniversary in 2008. One of the country's leading manufacturers of premium quality residential, commercial and industrial maintenance coatings, its products are distributed through a network of independent paint and decorating retailers located throughout North America. Benjamin Moore manufactures its products at six locations and operates twenty distribution centers in the U.S. and Canada. In the J.D. Power and Associates 2007 Interior Paint Satisfaction StudySM, Benjamin Moore ranked highest in customer satisfaction with interior paint.

Source: Benjamin Moore & Co.


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