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