(KRON) — Kelly-Moore Paints plans to shut all of its shops instantly, the corporate mentioned Friday in a information launch. Kelly-Moore Paints was based almost 80 years in the past in California’s Bay Space and has presently 157 shops nationwide.
“I’m extraordinarily disenchanted and saddened by this end result, as all the Kelly-Moore workforce made unimaginable efforts to proceed innovating and serving the distinctive wants {of professional} portray contractors,” Kelly-Moore Paints CEO Charles Gassenheimer mentioned in a information launch. “The possession group’s dedication from day one was to repair the enterprise if we may. Sadly, irrespective of how nice the Kelly-Moore workforce, merchandise and popularity for service, we merely couldn’t overcome the large authorized and monetary burdens which have been weighing on the Firm for a few years.”
Kelly-Moore Paints will proceed to satisfy its remaining buyer orders at its distribution facility in Union Metropolis. Kelly-Moore Paints, which was based in 1946 in San Carlos, has opened over 150 shops throughout the county.
In 2022, Kelly-Moore Paints was offered to Flacks Group, the U.S.-based world funding agency mentioned in a information launch.
The agency added that Kelly-Moore Paints is without doubt one of the largest impartial paint corporations within the nation, with greater than $400 million in annual income generated and 1,200 workers.
The total information launch for Kelly-Moore Paints’ firm shutdown will be learn right here.
