(BRK.A), (BRK.B)
Something that Warren Buffett is always fond of are bolt-on acquisitions that bolster Berkshire Hathaway’s existing companies. To that end, Benjamin Moore & Co. has acquired its United Kingdom distribution partner, Shaw Paints Ltd.
Prior to this transaction, Shaw Paints Ltd was the exclusive UK distributor of Benjamin Moore premium quality products and expansive color offerings to consumers, designers and professionals alike. Effective immediately, industry veterans and Shaw Paints co-founders, Craig and Helen Shaw, will join the Benjamin Moore team and remain based in the UK.
With this acquisition, Shaw Paints Ltd will become Benjamin Moore UK, in an effort to accelerate the brand’s growth in the United Kingdom.
The newly formed Benjamin Moore UK will continue to operate showrooms in Slough, Chelsea and Wilmslow, as well as fulfillment to a network of authorized stockists throughout the market.
“We’re thrilled to formally incorporate Shaw Paints Ltd into our international sales operations as they’ve been a trusted partner these past five years,” said Dan Calkins, Benjamin Moore Chairman & CEO. “With their sterling track record, this will enable Benjamin Moore to increase scale throughout the region and offer our best-in-class products to more UK customers.”
“The Benjamin Moore brand has been exceptionally well received in the UK market since the launch in 2015 and we have experienced strong growth as a result of our strategic partnership with Benjamin Moore,” said Craig Shaw, Shaw Paints Ltd Co-Founder. “We’re proud of the business we operate in the United Kingdom and through this acquisition, we expect to further accelerate growth with our industry-leading products and unparalleled color offerings.”
© 2020 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.