DuluxGroup acquires Craig & Rose’s paint business in UK

DuluxGroup acquires Craig & Rose’s paint business in UK

7:20 AM, 12th August 2016
DuluxGroup acquires Craig & Rose’s paint business in UK

CLAYTON, AUSTRALIA: DuluxGroup Limited said that it has acquired the assets of a small UK-based paints business, Craig & Rose Ltd.

Founded in 1829, Craig & Rose is a niche manufacturer and marketer of premium paint products targeted at consumers and trade professionals looking for high-end, historically authentic and contemporary finishes.

With annual sales of less than A$1O million, the acquisition is not material to DuluxGroup overall.

“For a modest investment, this acquisition provides us with a small, premium paint brand in the UK, together with local manufacturing, and is consistent with our strategy of growing niche positions in offshore markets,” said Patrick Houlihan, managing director of DuluxGroup.

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