ICI Paints said the purchase will expand its market penetration in the professional-painter segment in California. The company, based in Cleveland, manufactures paint and related products sold under the brands Glidden, Dulux, Ralph Lauren, Devoe, Fuller-O'Brien, Sinclair, C-I-L paint, Color Your World and Liquid Nails.
ICI Paints Acquires Eight Wilshire Paint Stores in California
CLEVELAND - ICI Paints' North American division has acquired eight architectural-paint stores in the San Joaquin Valley of California from Wilshire Paint Co. in a transaction that ICI Paints said expands the company's total of retail paint stores to 75 in the state. Terms were not disclosed. Wilshire Paint is based in Fresno, CA.