Benjamin Moore will purchase assets of New York manufacturer
Benjamin Moore will purchase select assets and brands of Insl-x Products, a coatings manufacturer based in Stony Point, N.Y.
Terms of the deal were not disclosed.
According to Denis Abrams, president and CEO of Benjamin Moore, the acquisition is a strategic move that provides Benjamin Moore with several brands and coatings products, including Insl-x, Coronado, Bruning, Trinity Lacquers and Lenmar.
“This acquisition allows Benjamin Moore to expand its overall product portfolio assuring that our customers remain strong and profitable,” Abrams said in a press statement. “We are pleased that the Insl-x company will continue to operate under the guidance of its president, Jim Weil, whose father founded the company in 1960.”
Abrams also noted, “moving forward, the Insl-x service team and Insl-x product offerings will remain intact.” Benjamin Moore also said Insl-x’s management team and the company’s employees will continue in their current positions, and manufacturing and distribution of all Insl-x products will continue at their respective locations.
Benjamin Moore, a Berkshire Hathaway company, is based in Montvale, N.J.