With an eye to solidifying its position in the Philadelphia, PA region, Benjamin Moore has announced its intent to purchase select assets of Finnaren & Haley Paint & Coatings (F&H), a regional manufacturer based in Conshohocken, PA.
According to Denis Abrams, president and CEO of Benjamin Moore, the acquisition is a strategic move that yields the F&H architectural coatings brand name and seven retail locations, five of which are in the greater Philadelphia area, and two in southern New Jersey. Benjamin Moore also will be assisting a group from the Haley family as they continue their business as the Haley Paint Company, which will own and operate a select number of paint and decorating stores representing the Benjamin Moore brand throughout the Philadelphia market.
They will operate as part of Benjamin Moore’s Old City Paint & Decorating subsidiary, based in Philadelphia and the deal does not include acquisition of the F&H factory.