CHICAGO, March 14, 2022 /PRNewswire/ — Accurate Price Firm, 1 of the world’s most significant hardlines wholesalers, and The Yenkin-Majestic Paint Company, an Ohio-primarily based company of coatings and coatings resins, nowadays declared they have entered into a definitive settlement beneath which Genuine Price Firm will purchase Yenkin-Majestic’s consumer paint small business, making architectural coatings for dwelling, agricultural, and specialty purposes below the Majic brand name.
“The acquisition of the Majic portfolio of merchandise is an superb strategic suit for True Benefit,” explained John Vanderpool, Division President, Correct Benefit Manufacturing & Normal Paint. “The Majic paint manufacturer deepens our powerful portfolio of goods, which now involves our flagship EasyCare brand, and boosts our abilities in the agricultural and other specialty segments of the paint industry. Shoppers of the two organizations will benefit from the higher concentrations of investment decision that Legitimate Worth options to make in exploration and progress, as nicely as bettering supply chain resiliency and consumer support.”
Chris Kempa, CEO of Correct Value Firm said, “This acquisition is a different example of Real Value’s determination to investing in its organization, aggressively pursuing growth and making sure that our stores have what they will need to acquire in the marketplace.”
“True Value’s target on top quality and assistance to paint stores, and their commitment to the associates who electric power our companies, mirror our enterprise lifestyle as a family members-owned organization,” stated Yenkin-Majestic President and CEO Andrew O. Smith. “Correct Worth has been a revered companion of ours for many several years, and we know they will consider the Majic product or service line to new heights. We can assume of no finer enterprise to carry ahead the legacy of our buyer paint enterprise.” He additional, “This transaction also permits us to concentrate our sources and reinvest in our polymers small business.”
About Genuine Worth Corporation
Correct Benefit Firm, headquartered in Chicago, is a single of the world’s primary hardlines wholesalers with a globally acknowledged model and in excess of 70 many years of knowledge serving unbiased components suppliers. Legitimate Worth Firm supplies its shoppers in more than 60 nations around the world an expansive product or service established of market place-custom made assortments at remarkably aggressive price ranges, top-quality merchandise availability, ground breaking internet marketing packages and a la carte price-added companies like eCommerce ship-to-keep, retail outlet remodel help and Legitimate Price College, all within a versatile model that needs no membership. With 13 regional distribution facilities, and about 2,500 associates serving about 4,500 retailers, Real Benefit Firm celebrates independence and drives retail excellence throughout the U.S. and internationally. Discover a lot more at www.TrueValueCompany.com.
The Yenkin-Majestic Paint Company, primarily based in Columbus, OH, is the proprietor of OPC Polymers, 1 of North America’s top suppliers of coatings resins. OPC Polymers serves the paint field through ongoing innovation in its broad portfolio of alkyd, copolymer, and specialty resins. This loved ones-owned organization began in 1920. Study extra at www.opcpolymers.com.
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