Welcome Guest to Coatings World    Login || Register
Last Updated Wednesday, October 7 2015

Diversified Coatings

Published February 9, 2006
Los Angeles-based paint manufacturer Diversified Coatings, Inc. (DCI) has acquired the Morwear brand of high quality architectural paints and coating products from Morwear Manufacturing, Inc. (MMI).
After buying Morwear from the former Smiland Paint Company in mid-2004, MMI filed its bankruptcy case in August 2005, after posting sales of $2 million in its final month of operations.
The principals of DCI were well acquainted with the Morwear brand and moved quickly to preserve the value of the bankrupt estate. As the court-appointed interim manager of MMI since October 1, 2005, DCI rehired most of the workforce and restarted the production and distribution of Morwear paints and specialty coatings. Led by veteran entrepreneurs and management executives from the paint and construction industries, DCI seeks to regain the brand’s traditional market share in the U.S. while continuing to expand its export business in Asia and Mexico, according to the company.
Dieter Raabe, president of DCI, said, “Acquiring the Morwear brand will enable us to capitalize on opportunities that will establish DCI as a company of excellence representing an innovative product line of paint and coatings products. We look forward to expanding on our well-established distribution contacts in the paint and construction industries here in the U.S. and internationally.”

blog comments powered by Disqus

Receive free Coatings World emails
Sign up now to receive the weekly newsletter, and more!

Enter your email address:
Company Spotlight
AZ Electronic Materials Co., Ltd.
No. 458-6, Sinsing Road Hu Kou Township Hsinchu Country 303, Taiwan
Hsinchu Country, Taiwan, 303
View Profile
18F, No.85, Sec. 1, Chung-Shiao E. Rd.
Taipei, Taiwan, 100
View Profile
Sunin Machine Co., Ltd.
No.96, Chiao Ho Rd ,Chungho Dist
New Taipei City, Taiwan , 235
Taiwan Roc
View Profile
BASF Corporation
100 Campus Drive
Florham Park, NJ, 07932
View Profile
Micro Powders, Inc.
580 White Plains Rd.
Tarrytown, NY, 10591
View Profile
Siltech Corporation
225 Wicksteed Avenue
Toronto, ON, M4H 1G5
View Profile
Houchi Chemical Co., Ltd
No.56, Fu Chow Street
Taipei, Taipei, 100
View Profile
Follow Coatings World On