The Merit Distribution Group will acquire Dynamic Paint Products, a 40-year-old family-owned distributor and manufacturer of paint-related products based out of Toronto, Canada.
The companies announced the deal early Tuesday. Terms were not disclosed.
Originally named Mumby and Associates, Dynamic mainly served the Toronto area, but over the years has seen exponential growth throughout Canada. Dynamic’s brand of paint-related products are currently sold throughout the world.
Dynamic will move forward as a wholly owned subsidiary of The Merit Distribution Group. James Mumby will continue in his role as president and will oversee the Canadian and International business of Dynamic Paint Products.
“The addition of Dynamic significantly enhances our distribution footprint,” said Mitch Jolley, CEO of The Merit Distribution Group. “With warehouse facilities now located in Canada, we are positioned better than ever to deliver high-quality products and services to our customers.
The Merit Distribution Group, an Illinois corporation headquartered in Spartanburg, South Carolina, provides wholesale distribution of paint sundry, hardware and drywall related products through its Lancaster, Merit Supply, Merit Trade Source and Merit Pro trade names.
“We are excited to be part of the Merit Distribution Group team,” said James Mumby, president. “We feel there are significant synergies in this acquisition that will assist us in better servicing our customer’s needs by leveraging our 40 years of market knowledge, along with the knowledge and leverage that Merit brings to our organization.”