Associated tags: Woman, Kelly-Moore Paints, Home Goods, Manufacturing, Paint, Retail, Interior design, Construction & Property, Interior Design, WMT, Philosophy, Supply Chain Management, Employee stock ownership, B2B, NYSE, ESOP, Walmart, Department Stores, E-commerce, National Association of Manufacturers, Other Manufacturing
Locations: UNITED STATES, NORTH AMERICA, ARKANSAS, CALIFORNIA, OKLAHOMA, NEVADA, TEXAS
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Acquisition Kelly-Moore Paints (“Kelly-Moore” or the “Company”) announced today that the Company plans to immediately cease operations and commence an orderly, out-of-court wind-down of substantially all its business.
Key Points:
- Kelly-Moore Paints (“Kelly-Moore” or the “Company”) announced today that the Company plans to immediately cease operations and commence an orderly, out-of-court wind-down of substantially all its business.
- At the time, the Company had a number of interested investors with which it was working, in hopes of allowing for a return to full operations.
- Since then, the Company has continued actively seeking new capital to enable a turnaround, with assistance from financial advisor Houlihan Lokey.
- Unfortunately, none of the interested investors has stepped forward with a Letter of Intent, and the Company has not secured the additional funding needed to continue operations.
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Management Kelly-Moore Paints, the largest independent U.S.-based paint manufacturer and retailer, today announced changes to its executive leadership team to support the companys future growth and expansion.
Key Points:
- Kelly-Moore Paints, the largest independent U.S.-based paint manufacturer and retailer, today announced changes to its executive leadership team to support the companys future growth and expansion.
- He has a track record for accelerating the growth trajectory for small to mid-cap companies in energy transition, manufacturing, industrial and other sectors.
- Earlier in his career, he served in leadership positions at Satellite Asset Management, Credit Suisse and Citigroup.
- De Voe began as a salesperson behind-the-counter at a Kelly-Moore retail store before rising through management to become an executive.
Home Goods,
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Interior design The new, convenient delivery option is made possible by Walmart GoLocal, Walmarts white-labeled delivery as a service business that provides businesses of all sizes with low-cost delivery solutions.
Key Points:
- The new, convenient delivery option is made possible by Walmart GoLocal, Walmarts white-labeled delivery as a service business that provides businesses of all sizes with low-cost delivery solutions.
- We knew we had to offer fast, dependable delivery to remain competitive and Walmart GoLocal was the logical provider to meet our needs given their reach, pricing and capabilities.
- Leveraging Walmart GoLocal will allow Kelly-Moore Paints customers to receive products like interior and exterior paints, primers, stains, paint brushes and rollers, tape and more, faster on the day of the ordering.
- One of Walmart GoLocals priorities is to support mid-sized and regional businesses with low-cost delivery capabilities, and were excited to add Kelly-Moore Paints to the growing list of Walmart GoLocal clients, said Harsit Patel, General Manager of Walmart GoLocal.
