Enthone Finalizes A Brite Company Acquisition
A Brite will continue to do business with its name and as an Enthone distributor.
Enthone Americas Vice President Terrence Copeland (above left) and Frank Dunigan, Owner and Chief Executive Officer of A Brite Company, finalized their agreement for Enthone to acquire select, intellectual property and other assets of A Brite, although the latter will continue to do business as A Brite and as an Enthone distributor.
The companies say the asset acquisition and synergism strengthens Enthone’s and A Brite Company’s global technology portfolios, while substantially expanding both companies’ market presence throughout the southern United States and Mexico.
“This transaction is an excellent strategic fit as we continue to extend our direct sales team throughout North America and increase our growing footprint in the building hardware industry," says Copeland. "It also provides an enabling pathway to introduce innovative and cost-effective technology solutions for a wide range of markets and applications worldwide.”
“Terry Copeland and his team have proven to be valued partners that both the A Brite Family and our customers can trust and rely upon," says Dunigan. "All A Brite team members impacted by the agreement have now joined the Enthone Family to ensure a seamless transition for our valued customers.”
The agreement, signed on March 1, 2012, also includes mutually beneficial support opportunities for both companies. Incorporation of the acquired A Brite intellectual property assets and personnel into the Enthone commercial and technical organizations is presently underway. A Brite customers will continue utilizing their current points of contact in what is being termed a “no-stress” agreement that enables customers to benefit from the combined synergies of both companies.