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Sherwin-Williams Buys Old Quaker Paint of Ontario

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From Bloomberg Business News

Sherwin-Williams Co. said Tuesday that it has acquired the assets of Ontario-based Old Quaker Paint Co., a closely held company that has seven paint stores in Southern California and sells products to the new-home construction market.

Sherwin-Williams, a Cleveland-based maker and retailer of paint, did not disclose the price it paid for Old Quaker, which had annual revenue of less than $20 million and less than 100 employees, a company spokesman said.

The acquisition gives Sherwin-Williams a manufacturing plant in Victorville that will continue to make Old Quaker products. Those products will continue to be sold through Old Quaker stores, the company said.

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Virtually all of Old Quaker’s employees have joined Sherwin-Williams, the spokesman said.

Sherwin-Williams operates more than 2,033 paint stores in the United States and Canada. Its brand-name paints include Dutch Boy and Kem-Tone.

Sherwin-Williams stock closed down 37.5 cents at $32.75.

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