The 2020 PCI 25: No. 12 Cloverdale Paint Inc.
12. Cloverdale Paint Inc.
Surrey B.C., Canada
Chairman/CEO: Tim Vogel
Rodda Paint Co.
Coatings Sales: $280.4 million (combined)
Cloverdale Paint operates manufacturing plants directly and through a subsidiary company, Rodda Paint Co., in Surrey, British Columbia; Portland, Oregon; Winnipeg, Manitoba; Mississauga, Ontario; Oakville, Ontario; and Calgary, Alberta. The company distributes architectural coatings and related products through 136 distribution points throughout Canada and the Pacific Northwest, including Alaska. Cloverdale’s industrial maintenance, protective coatings and OEM products are distributed through its corporate stores and through industrial distribution service centers located in Surrey, British Columbia; Calgary, Alberta; Edmonton, Alberta; Winnipeg, Manitoba; Mississauga, Ontario; Portland, Oregon; and Montreal, Quebec.
Source: Company contact, company website
Notes: In 2019 the company announced the purchase of Allcolour Paint Limited, Oakville, Ontario; Prairie Paint in Yorkton, Saskatchewan; and Jacks Color Chip in Klamath Falls, Oregon. New Cloverdale Paint stores were opened in Kitchener, Ontario; Waterloo, Ontario; and Nanaimo, British Columbia. New Rodda Paint stores were opened in Salem, Oregon, and Vancouver, Washington.
Although the company’s sales figure for 2019 ($280,444,000) is below what it recorded in 2018 ($284,000,000), Cloverdale Paint actually grew its consolidated sales by $15 million Canadian. The drop is due to the sales conversion to U.S. dollars in 2018 at 1.2961 versus 1.3268 in 2019. Two-thirds of the company’s revenue is in Canadian dollars.
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