Benjamin Moore announced the introduction of two new, wholly owned subsidiaries: BM Prudhoe Limited and C&R Scotland Limited. Incorporated in England and Scotland respectively, this marks the company’s second establishment of a subsidiary in England and its first in Scotland.
The company says that the two new entities will operate independently within their regions and broaden access to premium paints and colors around the globe. As part of the launch, each is announcing its inaugural initiatives, designed to lay the groundwork for growth in global markets.
BM Prudhoe Limited has entered into an agreement to acquire a manufacturing facility in Northern England from Horizon Products. The site’s capabilities will allow for expanded manufacturing capacity and increase supply chain stability within the region.
C&R Scotland Limited has entered into a conditional agreement for the acquisition of the Craig & Rose brand. The heritage paint brand established in Scotland in 1829 joins the Benjamin Moore portfolio of brands and presents a distinctive, design-driven offering for key customer segments across premium residential contractors, A&D professionals and discerning consumers in the UK market.
“The formation of BM Prudhoe and C&R Scotland Limited are two pivotal advancements in our strategic global expansion,” said Dan Calkins, Chairman & CEO of Benjamin Moore. “Strengthening our manufacturing and distribution capacity in the UK market and surrounding regions ensures the long-term growth of our business and enables us to meet the growing demand for premium paints and colors from professional end-users and homeowners alike.”