Serif Coatings Sale

MISSISSAUGA, On, July 6, 2012 /CNW/ - Mr. Sandy Palleschi, President of Serif Coatings and Chemicals Inc., announced the sale of the Company to Cloverdale Paint Inc. of Surrey, British Columbia, effective today.

Founded in 1980 by Mr Palleschi, the company produces liquid specialty industrial coatings in a 23,000 square foot manufacturing and distribution facility in Mississauga, Ontario.

Mr. C.A (Al) Mordy, President and C.E.O. of Cloverdale Paint advises the Serif industrial business will continue to operate as a separate entity, however the Mississauga facility will also be used to support Cloverdale Paint's growing business in Ontario with manufacturing, distribution, technical service, sales administration and customer service.

Mr. Sandy Palleschi will continue to be involved in the Serif business as a consultant to the Company.

About Cloverdale Paint Inc.

Cloverdale Paint Inc. directly, and through a subsidiary company in Portland, Oregon (Rodda Paint Company), operates manufacturing plants in Surrey, Portland, Winnipeg, and Calgary.  Distribution of architectural coatings and related products is through 110 corporate stores throughout Western Canada and the Pacific Northwest of the United States.  Cloverdale Paint's industrial maintenance products and its Guertin branded OEM products are distributed through its corporate store chain and through industrial distribution service centres in Surrey, Calgary, Edmonton, Winnipeg and Montreal.

About Serif Coatings and Chemicals Inc.

Serif Coatings and Chemicals Inc. is a manufacturer and distributor of specialized Industrial Coatings with a focus on the research and development of environmentally friendly water-based products.

SOURCE Cloverdale Paint Inc.

For further information:

C.A. (Al) Mordy
President & CEO, Cloverdale Paint Inc.
Tel: 604.596.6261

Sandy Palleschi
Serif Coatings and Chemicals Inc.
Tel:  (905) 564-1023

Profil de l'entreprise

Cloverdale Paint Inc.

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