Rockville, Maryland – January, 2020
McCormick Paints today announced an agreement to acquire Budeke’s Paints, one of the oldest independent paint retailers in the country featuring specialty paints and products.
Both McCormick Paints and Budeke’s Paints are family-owned and operated independent paint retailers. Through the addition of Budeke’s Paints and its store location in Timonium, MD, McCormick Paints will expand its brand presence into the Baltimore region while enhancing its offerings of professional paints and specialty products. With Budeke’s Paints as an authorized retailer of Benjamin Moore paints, McCormick Paints will continue to offer this collection of quality paints for customers in Budeke’s Paints’ store and in McCormick Paints’ Federal Hill store in the near future.
Consistent with McCormick Paints’ long-term growth strategy to offer more accessible store locations for customers, an expanded collection of quality products, and excellent customer service, this investment in Budeke’s accelerates the growth of McCormick Paints’ brand.
Casey McCormick, President and CEO of McCormick Paints said, “After six months of extensive conversations with Budeke’s Paints, we are excited about the power of the combined companies and upside growth opportunities. The company will have a larger footprint, strengthening our ability to serve our customers wherever they are in the Baltimore area.”
After the close of the transaction, McCormick Paints will bring together the operations of Budeke’s Paints with McCormick Paints. “McCormick Paints is the perfect home for us as we share many values and a deep commitment to quality and excellent service for our customers,” said Bryan Koerber, Owner of Budeke’s Paints. “We are bringing together two of the most talented and experienced independent paint retailers in the Mid-Atlantic.”
The Budeke’s Paints store location in Timonium will remain open and continue to operate as Budeke’s Paints. To find out more information about McCormick Paints or Budeke’s Paints, please visit www.mccormickpaints.com or www.budekes.com.
About McCormick Paints
McCormick Paints has been manufacturing and retailing paint to professionals and homeowners for over 60 years. With its headquarters and manufacturing facilities located in Maryland, McCormick Paints formulates its products specifically for the Mid-Atlantic region. McCormick Paints operates 28 company owned stores throughout Virginia, Maryland, Washington, D.C. and Delaware. For more information, visit the McCormick Paints website at www.mccormickpaints.com
About Budeke’s Paints
Budeke’s is one of the oldest independent paint retailers in the country, founded in 1868. The full-service paint store and design company offers specialty paints and products. Budeke’s Paints is an authorized retailer of Benjamin Moore paints. For more information, visit the Budeke’s Paints website at www.budekes.com
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