Arcadia Posted January 13 Share Posted January 13 https://www.mercurynews.com/2024/01/12/kelly-moore-paint-store-retail-bankrupt-economy-job-layoff-real-estate/ “Kelly-Moore Paints, founded in San Carlos in 1946, has abruptly halted operations and closed all of its stores after failing to secure a cash infusion to help it escape a financial quagmire brought on by asbestos claims. The shutdown affects 61 Bay Area locations, including six in San Jose, five in San Francisco and three in Santa Rosa, according to the retailer’s website. Oakland, Concord, Fremont, Mountain View, San Mateo and Santa Clara each has two Kelly-Moore Paint stores. Except for a distribution center in Union City, “all the company’s facilities will be permanently closed effective immediately, including Kelly-Moore’s manufacturing facility in Texas, and its retail stores,” the company said in a news release. The Union City complex is being kept open temporarily to help Kelly-Moore fulfill existing orders. … Under long-gone prior ownership, Kelly-Moore had used asbestos in cement and texture products. The paint retailer discontinued asbestos in its products in 1981. Even so, the company’s finances eventually buckled beneath a mountain of claims” 4 Quote Link to comment Share on other sites More sharing options...
popmom Posted January 13 Share Posted January 13 Interesting. I’m not familiar with the company, but that’s a very unfortunate turn of events. Not sure where the failure was. Quote Link to comment Share on other sites More sharing options...
Katy Posted January 13 Share Posted January 13 They had some of the prettiest colors. Sophisticated without being muddy. That’s too bad. Quote Link to comment Share on other sites More sharing options...
sassenach Posted January 13 Share Posted January 13 Sad! The exterior of my home is Kelly Moore. Quote Link to comment Share on other sites More sharing options...
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