Miller Paint and Kelly-Moore Form Strategic Alliance
PORTLAND – Miller Paint Co. Inc. has entered into a strategic agreement with Kelly-Moore Paint Co. Inc. to acquire the business operations and selected assets of 10 Kelly-Moore Paint stores located in the Puget Sound area. Miller will maintain and operate nine locations, while a 10th Kelly-Moore store in Kent, WA, will be closed and consolidated into Miller Paint’s Kent store. Between now and the transaction close date, scheduled for April 30, 2012, Kelly-Moore and Miller will work together to transition the Kelly-Moore store operations, employees and professional outside sales teams over to Miller Paint. On April 30, ownership of the business at the nine Kelly-Moore stores will transfer to Miller Paint, with no other changes to the stores’ operations planned.
The new strategic alliance was established to maintain the nine Kelly-Moore stores and expand the exclusive distribution of Kelly-Moore’s architectural paint products in the region through Miller Paint’s current eight store locations. Miller Paint has committed to maintaining and eventually expanding the distribution of the full line of Kelly-Moore products throughout Oregon, Washington and northern Idaho, where Miller currently operates 40 stores.