CALGARY, May 21, 2013 /CNW/ - Mr. Duncan Alexander, President of
Spectrum Powder Manufacturing Ltd., announced the sale of the Company
to Cloverdale Paint Inc. of Surrey, British Columbia, effective today.
Founded in 2002 by Mr. Alexander and Mr. Derek Sheppard, the Company
produces lower volume powder coatings for the Western Canadian Market
from their 11,000 square foot manufacturing and distribution facility
in Calgary, Alberta.
Mr C.A. (Al) Mordy, President and C.E.O. Cloverdale Paint advises that
Spectrum Powder will continue to operate as a separate entity although
Cloverdale may become a distributor and/or sales agent for Spectrum
Powder in select markets at some time in the future. Mr. Duncan
Alexander will continue as President of Spectrum Powder.
About Cloverdale Paint Inc.
Cloverdale Paint directly, and through a subsidiary company in Portland,
Oregon (Rodda Paint Company), operates manufacturing plants in Surrey,
Portland, Winnipeg, Toronto, and Calgary. Distribution of
architectural coatings and related products is through 116 corporate
branches throughout Western Canada and the Pacific Northwest of the
United States. Cloverdale's industrial maintenance and OEM products
including powder are distributed through its corporate store chain and
through industrial distribution service centres in Surrey, Calgary,
Edmonton, Winnipeg, Toronto and Montreal.
About Spectrum Powder Manufacturing Ltd.
Spectrum Powder Manufacturing Ltd. is a manufacturer and distributor of
customized powder coatings for Western Canadian customers.
SOURCE: Cloverdale Paint Inc.
For further information:
C.A. (Al) Mordy
President & CEO, Cloverdale Paint Inc.