PaintWell acquires Industrial Paints and Coatings specialist, Promain

PaintWell acquires Industrial Paints and Coatings specialist, Promain

PaintWell Limited, the North West’s largest independent paint distributor and decorators merchant, is pleased to announce its acquisition of Promain UK Limited (Promain).

Following its strategic partnership with Cairngorm Capital Partners in March 2021, PaintWell’s initial focus was on expanding its network of branches geographically and developing its e-commerce platform, resulting in eight new branches across the North West, Midlands and Yorkshire. The acquisition of Promain broadens PaintWell’s growth strategy further and extends the platform for PaintWell’s new industrial paints division.

Promain is the UK’s largest distributor of industrial paints and surface coatings. Headquartered in Hitchin, Hertfordshire, Promain is the preferred UK distributor for many of the world’s leading paint and surface coatings manufacturers. Due to its expert technical knowledge of the technologies and materials available across the industry, and the quality of support provided by its technical team, Promain has built a reputation for outstanding service among its trade and retail customers.

The acquisition facilitates Promain’s owners’, Mark French and Carol Barry, retirement from the business and accelerates PaintWell’s industrial paint strategy. Promain will form the cornerstone of PaintWell’s new industrial paints division. The strength of its supply chain and technical expertise pairs well with PaintWell’s existing industrial paints offering and external sales expertise, creating a platform for further development and growth.

Stuart Slocombe, PaintWell’s Managing Director, explained, “I am delighted to welcome everybody at Promain to PaintWell. The team is highly respected across the industry for their formidable technical and product knowledge, and great service. Culturally we share the same independent approach and service ethic so this partnership provides an important springboard for our new industrial paint division and will broaden the range of products that we are able to offer our trade customers.”

Mark French, Promain’s Managing Director, added, “Carol and I hadn’t actively decided to retire but we were contacted by PaintWell, who outlined their plans and we quickly realised that this is the right moment to step back. We are delighted to have found the ideal custodian for Promain. PaintWell shares and respects the attributes that have made Promain so successful over the years – deep technical expertise, strong relationships and great service. We have every confidence that our team and customers will be in good hand and that Promain will go from strength to strength.”

 

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