Consolidation among paint suppliers

A Paintwell store

The acquisition of Promain follows a takeover of Bromborough Paints in March 2021 by Cairngorm Capital Partners. Bromborough Paints and its Trade 1 e-commerce armst were later renamed Paintwell.

Over the past 18 months Paintwell has opened stores to expand beyond its Cheshire heartland across the North West, Midlands and Yorkshire. Its 25e store opened in Droitwich last month.

The acquisition of Promain expands PaintWell’s growth strategy and forms the basis of PaintWell’s new industrial paints division.

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Promain, based in Hertfordshire, is the UK’s largest distributor of industrial paints and surface coatings. The acquisition allows Promain owners Mark French and Carol Barry, who are both approaching their sixties, to retire from the business.

Mark French, Managing Director of Promain, said: “Carol and I had not actively decided to retire, but we were contacted by PaintWell who outlined their plans and we quickly realized it was the right one. time to take a step back. We are delighted to have found the perfect goalkeeper for Promain. PaintWell shares and respects the attributes that have made Promain successful over the years – deep technical expertise, strong relationships and excellent service. We are convinced that our team and our customers will be in good hands and that Promain will get better and better.

PaintWell Managing Director Stuart Slocombe said: “Culturally we share the same independent approach and service ethic. This partnership is therefore an important springboard for our new industrial paint division and will expand the range of products that we are able to offer our professional customers.

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