Kelly-Moore Paints

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

Template:Short description Template:Use mdy dates Script error: No such module "Infobox".Template:Template otherScript error: No such module "Check for conflicting parameters".Script error: No such module "Check for unknown parameters".

File:Kelly-Moore Paints, Sunnyvale.jpg
Kelly-Moore Paints store in Sunnyvale, California

Kelly-Moore Paints was an American paint manufacturing company. Founded in 1946 by William Kelly and William Moore in San Carlos, California, it moved its headquarters from there to Irving, Texas, in 2023. Its manufacturing plant was located in Hurst, Texas.

since October 2022Template:Dated maintenance category (articles)Script error: No such module "Check for unknown parameters"., when it was acquired by investment firm Flacks Group, Kelly-Moore had 157 stores located in California, Texas, Oklahoma, and Nevada.[1]

On May 15, 2024 Latex Paint S.A. de C.V. Acquired Intellectual Property Assets of Kelly-Moore Paints Company. This strategic move will enable Latex Paint, though its licensee, Sayer Lack Mexicana, to expand its international offerings of innovative and technologically advanced paints and coatings products.

History

1946–1952: Founding

Kelly-Moore Paints was founded in 1946 by William Kelly and William Moore, former Glidden employees.[2]

1952–1984: Acquisition by William Moore and expansion

Moore bought out Kelly in 1952,[2] and for the next thirty years he was actively involved in every facet of the business.[3] He played an essential role in the evolution of production methods and the planning and designing of company-owned stores.[3]

In 1974, retail sales made up almost 25 percent of the total revenue. As a result of market shifts, that percentage would increase to 37 percent within a decade.[3] There was a rise in the number of homeowners who wanted to paint their own homes. Kelly-Moore maintained annual growth of 13 percent over the past decade.[3]

In 1984, Kelly-Moore had a revenue of $136 million and a profit of almost $11 million, when Moore announced retirement.[3]

1984–1998: Company under a new management

Joseph P. Cristiano took over as CEO of Kelly-Moore in January 1985, six months after William Moore retired.[3] He spent those months shadowing sales representatives to learn the ropes.[3]

In 1994, Kelly-Moore Paints expanded its presence in Alaska and Washington by acquiring Preservative Paint Co. of Seattle.[3] The purchase created a wholly owned subsidiary of Kelly-Moore Paints with two new retail locations in Alaska and fifteen new retail locations in Washington.[3]

In 1995, Kelly-Moore acquired K-M Universal, expanding its presence in the Southwest by adding a factory in Tempe, Arizona, and a number of retail outlets in the state of Arizona and the state of California.[3] A year later, Kelly-Moore expanded its new subsidiary by absorbing another acquisition, the paint division of Island Equipment Co., situated in Guam.[3]

1998–2022: ESOP

In 1998, Moore and his wife set up an ESOP, which provided both a retirement and stock ownership plan for eligible employees.[3]

In 1999, Kelly-Moore partnered with M.A. Bruder & Sons, a Pennsylvania-based company with a business model and customer base comparable to its own, in an effort to strengthen both firms' positions in the marketplace.[3] They were both able to serve national accounts since their regions did not overlap; M.A. Bruder handled projects on the East Coast, while Kelly-Moore handled those on the West Coast.[3] As a result of the collaboration, both businesses were included beside each other in the American Institute of Architects' MasterSpec Finishes directory, which is used by some 5,500 architectural and construction firms.[3]

In 2000, Diamond Vogel Paints and later Dunn-Edwards joined their alliance, which was known as Paints America.[3] In the same year, Kelly-Moore Paints acquired Ponderosa Paint Manufacturing.[3]

In January 2003, Herb R. Giffins replaced Cristiano as the new president and CEO of Kelly-Moore Paints.[3]

The company relocated its manufacturing from the San Francisco Bay Area to Hurst, Texas, in 2017.[4] In April 2022, it received the governor's Texas Environmental Excellence Award in the Pollution Prevention category.[5][6]

2022–2024: Acquisition by Flacks Group

In September 2022, Kelly Moore Paints was acquired by Flacks Group, a Miami, Florida-based investment firm that holds more than $2 billion of total assets. Flacks Group bought the paint company's retailing, distributing and manufacturing units.[7][1] After the acquisition, Charles Gassenheimer, managing partner of the Flacks Group, became the CEO of Kelly-Moore Paints.[8] The company headquarters moved to Irving, Texas in 2023.[4]

2024: Acquisition by Latex Paint

On May 15, 2024 Latex Paint S.A. de C.V. Acquired Intellectual Property Assets of Kelly-Moore Paints Company. This strategic move will enable Latex Paint, though its licensee, Sayer Lack Mexicana, to expand its international offerings of innovative and technologically advanced paints and coatings products.

Management

  • William Moore (until 1984)[3]
  • Joseph P. Cristiano (1985–2003)[3]
  • Herb R. Giffins[3]
  • Steve DeVoe[9]
  • Charles Gassenheimer[8]

References

<templatestyles src="Reflist/styles.css" />

  1. ↑ a b Script error: No such module "citation/CS1".
  2. ↑ a b Script error: No such module "citation/CS1".
  3. ↑ a b c d e f g h i j k l m n o p q r s t u Script error: No such module "citation/CS1".
  4. ↑ a b Script error: No such module "citation/CS1".
  5. ↑ Script error: No such module "citation/CS1".
  6. ↑ Script error: No such module "citation/CS1".
  7. ↑ Cite error: Script error: No such module "Namespace detect".Script error: No such module "Namespace detect".
  8. ↑ a b Script error: No such module "citation/CS1".
  9. ↑ Script error: No such module "citation/CS1".

Script error: No such module "Check for unknown parameters".

Further reading

  • Bjerklie, Steve, "Leading with Service", Modern Paint and Coatings, October 1, 2000, p. 40.
  • Dill, Larry, "Paint Recycling: Kelly-Moore Is Supplying the Federal Government and Looking for Other Markets", Modern Paint and Coatings, January 1, 1995, p. 19.
  • Neal, Roger, "Color It Profitable", Forbes, January 28, 1985, p. 76.
  • Reitter, Chuck, "There Are No Ivory Towers in San Carlos, California", American Paint & Coatings Journal, February 3, 1986, p. 42.
  • Valero, Greg, and Bill Schmitt, "Regional Paint Makers Link to Serve National Accounts", Chemical Week, May 17, 2000, p. 39.

External links

Retrieved from "http://debianws.lexgopc.com/wiki143/index.php?title=Kelly-Moore_Paints&oldid=5189079"