B-H Paints parent company acquires Antigua paint company
Harris Paints Group, the parent company of Jamaican company B-H Paints, has acquired the assets of Antigua-based Lee Wind Paints.
The acquisition gives Harris Paints Group sole manufacturing rights in Antigua in addition to strategic access to new export markets ,including the British Virgin Islands, US Virgin Islands, and Turks and Caicos.
CEO of Harris Paints Group Ian Kenyon explaineded that the company looks forward to increasing investments in Antigua since the new manufacturing facility will extend its foothold across the Caribbean.
Kenyon boasted on revenue growth for Harris Group’s operation over the past six years, adding that the results were achieved despite some very challenging conditions.
“The Caribbean has experienced difficult economic times in many of the markets and this has been compounded by the recent severe weather systems across the region. Yet our teams in each of the 15 countries we currently sell to have responded magnificently and have been very successful in achieving profitable market growth and increasing shareholder value,” he said.
According to Kenyon, Harris Group plans on launching new products and service innovation over the next few years, and has invested in a state-of-the art enterprise resource planning (ERP) system that integrates all manufacturing plants and functions across the Caribbean.
The system is expected to improve business efficiency while strengthening the paint company’s marketing capability through its digital platform.
“We are very optimistic about our future as we have built very strong springboards for growth with our investments in infrastructure,” Kenyon said.
Harris Paints’ acquisition of Lee Wind Paints follows the recent invitation from NOVA to join its elite Paint Club. According to the company, Harris Paints was voted in by other paint companies as the leading paint supplier in the Caribbean. NOVA is a prominent, international association of major independent paint manufacturers with a ranking by combined turnover of the top ten global coatings suppliers.
