Spectrum Powder Manufacturing Ltd Sale

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.
Tel: 604.596.6261
Email:  president@cloverdalepaint.com

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Cloverdale Paint Inc.

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