Gordon Brush Co. Announces Acquisition
Gordon Brush Mfg. Co., Inc. (Industry, California) announced in an emailed press release late last week that it has acquired manufacturing company Spectrum Paint Applicator Corp. (Newark, New Jersey) in a move that aims to expand Gordon’s presence in the paint brush world.
Founded in 1945, Spectrum has manufactured industrial and consumer paint brushes, as well as paint rollers and artist brushes.
"It’s time for us to step aside so that the Company can continue to grow,” said Arthur Edelson, Spectrum CEO.
“We felt that Gordon Brush was the best fit to take Spectrum Brush to the next level, to continue our family tradition of individualized customer service, and to best manufacture of our line of American made consumer, professional and industrial paint applicators."
As part of the deal (the financial terms of which have not been disclosed), Spectrum’s manufacturing and operations will be relocated and incorporated into Gordon’s 183,000-square-foot facility in California.
"The acquisition of Spectrum Brush, our twelfth acquisition, consolidates Gordon Brush's reach in the paint brush category,” said Ken Rakusin, President and CEO of Gordon.
“Spectrum Brush will add to our stable of other acquired paint and artist brush companies. … The Spectrum Brush acquisition dramatically enhances our scale, product offerings, and geographic reach—creating new synergies that better position us for future growth and investment in new and existing markets."