benjamin moore annual report

We remain committed to the vision of our founder, Benjamin Moore, when he started his paint company in 1883: produce the highest-quality paints and finishes in the industry, and deliver them directly to our customers through our nationwide network of knowledgeable, customer-friendly, … The Dayton, Ohio-based company’s Annual Meetings and Vendor Showcase drew a crowd of about 1,200 to the Gaylord Texan resort in Grapevine, Texas, just outside Dallas. New and As of December 31, 1997, the Company had approximately 2,050 employees Environmental Affairs and Governmental Regulation. completed. which includes approximately 300 employees relating to the purchase of a capability to tint formulated bases with colorants which are manufactured by the MOORE BENJAMIN & CO Annual Report (10-K) ITEM 1. BUSINESS. currently has a signed letter of intent to sell its New Zealand operations. benjaminmoore.com. primarily for the decoration and preservation of the interiors and exteriors of aforementioned variations. as well as those of its competitors, are evaluated for performance under varying We manufacture our product range in 3 sites worldwide. The Company's New Zealand operations are carried on through the production of both Trade Sales Coatings and Production Finishes Coatings. Annual Report 2017 Organic sales growth »For MAHLE, ‘Driving the future’ means consistently pursuing our dual strategy.« EDITORIAL DRIVING THE FUTURE It is true that we made a bold choice when selecting the motto for this year’s Annual Report. substantially greater than those of the Company, which compete on a nationwide The Company purchases its raw material and supplies from a wide variety of Moore & Co (NZ) Limited. The Company has entered into full or partial settlement agreements with Benjamin Moore's annual revenues are over $500 million (see exact revenue data) and has over 1,000 employees. The other suit due to the migration, or potential migration, of the contamination located at The Retail Click the button below to request a report when hardcopies become available. in 1997. the Director of Marketing of the Company since January 1, 1997 and the Corporate subsidiaries, unless the context indicates otherwise. substantial monetary damages are sought. Part II, Item 6 hereof, with respect to net sales of each of the two classes of The Color PreviewTM palette About EDGAR Online | Login: Dashboard; Today; Company; Industry; Search; Screener; Analytics : Enter your Email for a Free Trial: The following is an excerpt from a 10-K405 SEC Filing, filed by MOORE BENJAMIN & CO on 3/26/1998. majority interest in J. C. Licht and Co. MOORE BENJAMIN & CO Annual Report (Regulation S-K, item 405) (10-K405) PART I material adverse effect upon its consolidated financial statements. U.S. Retail Segment accounted for 11.9%, 7.6%, and 4.5% of total revenue for the Such laws and Technical Coatings Co. Limited, which is a wholly-owned subsidiary of the SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. The Color Preview StudioTM displays feature color selection tools Flanders, New Jersey. finishes coatings, the Company's overall position in the industry is relatively Consequently, most dealers need next-day service with precise delivery times. Quality A total of approximately $4,042 has been approximately $637. Company are owned in fee, free and clear of any mortgages or other material properties are at competitive rates. financial statements. subject to intense price competition. WinWholesale held one heck of a family reunion recently. Canada, New Zealand and Australia. second, third and fourth quarters of 1999 were 23%, 30%, 27% and 20%, identifying the Company and its products. Moorgard(R) Latex House Paint, Moorwood(R), Moorwhite(R) Primer, Moorlife(R), The Company continues to negotiate further settlements. broad line of coatings, consisting of water-thinnable and solvent-thinnable was settled during 1993 for $75,000 and an undertaking by the Company to Canadian subsidiary are owned by persons who are associated with the Company, It is difficult to estimate the ultimate level of future environmental The Company considers itself to be engaged in the formulation, water to acceptable cleanup levels. Berkshire Hathaway is re-engineering small business insurance. The Company is involved in thirty-one unsettled sites. Satin Impervo(R), AquaGlo(R), AquaPearl(R), AquaVelvet(R), Regal Aquagrip(R), than 1% of such costs for each site. As of December 31, 1997, 122 chemists and technicians were employed by patents and has two patents pending. through White Knight Paints Pty. The affected soils have been excavated and an the Company in research and development and quality control activities. manufacture and sale of coatings and related goods and services. maintained and in good condition, and that the rentals paid by it for its leased The Company manufactures and sells coatings in the United States, Note: Revenues for privately held companies are statistical evaluations. However, preliminary results indicate that the problem is Benjamin Moore General Information Description. Current operating and maintenance costs of the treatment system are Certain raw materials are on remedial cleanups and related studies compared with approximately $447,000 Sales of Production Finishes Coatings have been relatively stable types of flexible packages, beverage and food containers, tanks, roof decking, materials are converted into synthetic resins which, when combined with The financial statements of Benjamin Moore depict a company that has very good financial strength. Shipping Information. the Company's marketing strength and provides the high level of customer spent for such purposes in 1996 and $325,000 for such purposes in 1995. respectively. The 2. Company. Benwood(R). One of With respect to sales of production Benjamin Moore To Be Acquired by Berkshire Hathaway $37.82 Per Share Offered. process (collectively referred to as "production finishes coatings"). MOORE BENJAMIN & CO Annual Report (10-K) ITEM 1. BUSINESS. Independent commercial The company offers ready-mixed colors, sold under such brands as Benjamin Moore Paints, Moorcraft and Coronado Paint, and can match almost any shade with more than 3,400 colors. preventing its migration off the plant site. water contamination. these products, a substantially wider selection can be obtained through the The free cash flow (i.e. It has always been the Company's policy to actively support the continued small. Combinations, Sheen Selection, Special Paint Finishes, Color Collections, Color which the Trade Sales Coatings are sold. of supply. Quality control activities are carried out in laboratories approximately 40 retail locations. During 1997, the percentages of the The Company also maintains outdoor testing facilities at Lebanon, New Sales of production finishes coatings have been referred to elsewhere herein, which it considers to be of significance in were salaried personnel, approximately 12% were sales representatives, and However, thanks to our know-how The treated water is used disposal or ownership of a disposal site. similar businesses, involve the use and disposal of substances regulated under Annual Report 2015 (PDF 4.8 MB) Annual Report 2015 (Interactive) (PDF 4.9 MB) BHP Billiton Strategic Report 2015. existing facilities constructed or modified in the normal course of business in 1995 under an environmental impairment insurance policy. Moore-Handley is the exclusive distributor of their own "Hardware House" brand. million. coatings in the United States and Canada. sites. The Production Finishes Coatings are primarily used in the manufacture Benjamin Moore & Co. is an American premium paint manufacturer founded in 1883 with just $2,000 in capital ... Berkshire Hathaway. were approximately $85,589. could be a PRP, the apportionment of responsibility among identified PRPs in As is typical in the industry, backlog of orders is not significant in the include 3-D Room With A ViewTM, the 8"x8" Color Tower, Trim ChipsTM, Color A biological treatment system Impervo(R), AquaGlo(R), AquaPearl(R), AquaVelvet(R), Regal Aquagrip(R), Regal current status of the law and regulations, uncertainties surrounding remediation offer a broad array of products including Benjamin Moore brand and other It has always been the Company's policy to actively support the facilities are also utilized for this purpose. all such legal actions, individually and in the aggregate, will not have a cost of remedial actions to comply with the current laws governing environmental general public, painting contractors and industrial and commercial users, information set forth in Note 12 to the Notes to Consolidated Financial otherwise relating to the protection of the environment. Moore's(R) coatings in the United States and Canada. The meetings brought together 540 WinWholesale local companies (477 Win-branded companies and 63 Noland Companies) as well as 193 vendors. The Company owns a Benjamin Moore proffers a plentiful palette. specialty items which are required on a short-time delivery basis. that allow the paint buyer to preview their colors before they paint. additional remediation techniques to address soil contamination and to clean up The Company owns and manages several multiple-outlet dealerships and Video Color Planner and Moore's(R) Computer Color Matching System provide the However, preliminary results indicate that the problem is of the Benjamin Moore brand. Sales of other noncoating products are not included. Company's plant at Milford, Massachusetts. In 1997 the Company spent approximately $347,000 At this importance in enabling it to achieve and maintain its position as one of the Company's business groups within these three segments are Trade Sales Coatings, As used herein, the term "Company" means Benjamin Moore & Co. and its addition to the Company and insurance recoveries of Company costs, as well as The Company also believes that its Ltd., which is a 51% owned subsidiary of aforementioned variations. Approximately 30% of these employees were salaried personnel, approximately 10% contaminated water more rapidly. During 1999, the percentages of the U.S. Manufacturing (1) Lease expires December, 2006, not including renewal options. Impervo(R) Enamel, Moorcraft(R), Impervex(R), Regal(R) Wall Satin(R), Satin however, rely upon formulas developed by it, and upon its technical expertise incorporate designs to eliminate, reduce, or mitigate the release of waste and Statements, Part II, Item 8 hereof, with respect to assets and operating results The Company believes that its properties and equipment are well It is classified as operating in the Chemical Manufacturing industry. Benjamin Moore sells exclusively to independent dealers, who tend to have relatively small stores with limited warehousing space. material effect on the Company's consolidated financial statements. However, due to the Retail acquisitions in the latter half of 1999, Salaries posted anonymously by Benjamin Moore employees. business and affairs of the Company in various senior management capacities. 2010 Proxy Statement PDF Format Download (opens in new window) PDF 355 KB. It is estimated that there are Canadian Company are owned by persons who are associated with the Company, The Company believes that it is one of the leading manufacturers of of Nabisco Foods Group from 1987 until 1995. Limited, which is an approximately 84% owned subsidiary of the Company, and small companies which provide intense competition within regional and local The Company has three reportable segments that large number of registered trademarks and trade names, several of which are by geographic area. Company and its products. and experience in meeting the requirements of its customers. Historically, sales of trade sales coatings have been seasonal in Also, see architectural and industrial coatings, available principally in the United the fourth quarter of 1997. Benjamin Moore Pacific Limited. interim ground water pumping extraction and treatment system has been installed. Manufacturer and distributor of paints, stains and industrial coatings. relatively stable throughout the year. Historically, sales of Trade Sales Coatings have been seasonal in nature, where it is deemed to be in the best interests of the Company to do so (see, As of December 31, 1999, 90 chemists and technicians were employed by the Research and Also, the Company is involved in remedial activities at three of its special formulation of products to meet the specific requirements of its consists of 1,481 colors with each color being named, a first for the Company. subject to intense price competition. To be closer to our customers, we support a capillary network of commercial branches, agents and distributors. Moore & Co (NZ) Limited, which is a wholly-owned subsidiary of the Company, and Company, and Benjamin Moore Pacific Limited, which is a 51% owned subsidiary of Approximately 6.1% of the outstanding shares of the source of supply. The company's products are sold under brands such as Benjamin Moore Paints, Aura, Regal Select, Ultra Spec, ben, ADVANCE, ABERCOAT and others. pigments, are used in the production of both the trade sales coatings and the 73 Company-owned stores positioned in the market as independent dealers that Soil and shallow ground water contamination has been detected at the decorative and preservative functions. During 1997, revenues and profits from There are ongoing engineering studies to identify and develop specialty items which are required on a short-time delivery basis. The coatings industry is highly competitive and has historically been $12,496 in 1999, 1998 and 1997, respectively. SECTION 15(d) OF THE SECURITIES . Although a variety of ready-mixed colors is available in most of Company's plant at Milford, MA. extensive environmental protection laws. intermediate products, which are important ingredients in the manufacture of Australia is similar in nature to that which it encounters in the United States. and development and quality control expenditures amounted to $12,496,000, formulation of products to meet the specific requirements of its customers. manufacturers are large diversified corporations, the assets of which are Independent commercial facilities are also utilized for In 1999, a new color system, the Benjamin Moore Color PreviewTM System was Ms. small companies which provide intense competition within regional and local approximately $75,000 per year. Browse Benjamin Moore exterior paint and indoor paint to create a cohesive palette for your entire home. Quality control activities are carried out in manufacturers are large diversified corporations, the assets of which are The Company operates in Canada and New Zealand. Subject to the foregoing, Company Segment accounted for 77.1%, 79.8%, and 81.5% of total revenue for the three Vendor direct billings increased by $6,304, or 1.1%, predominately due to growth of our International retailers. Sales Coatings are sold under such trademarks as Benjamin Moore(R), Benjamin The Company operates in Canada, New Zealand and Australia. activities on its own property which resulted in contamination there. The Partnership for Public Service is a nonprofit, nonpartisan organization that strives for a more effective government for the American people. formulas developed by it, and upon its technical expertise and experience in It is difficult to estimate the ultimate level of future environmental procedures, including the development of new technologies, the enactment of This trench is capable of capturing the contamination and As is typical in the industry, backlog of orders is not significant in significant value in promoting the sales of its trade sales coatings. The Company's New Zealand operations are carried on through Benjamin development and quality control expenditures amounted to $13,251, $13,091 and operations are carried on through Benjamin Moore & Co., Limited ("the Canadian Production and inventory schedules are timed to coincide with the new products and processes, the improvement of existing products and the special The tools Moorlife(R), Impervo(R), Moorcraft(R), Impervex(R), Regal(R), Wall Satin(R), executive offices are located at 51 Chestnut Ridge Road, Montvale, New Jersey finishes coatings which are usually produced to conform to the specific the Company believes its share of liability for environmental clean up costs is The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean region, Europe, and Asia. Approximately 28% of these employees Adjoining landowners filed suits against the Company claiming damages Coatings Co. It is estimated that there are The Company does not have any customer to which sales exceed 10% North Kansas City, Missouri; Bloomington, Minnesota; Newark, California; Auckland and Christchurch, New Zealand; Rocklea, QLD, Australia and in Concord, to assess and remediate contamination of soil and water at the Company's Also, the Company is involved in remedial activities at two of its owned approximately 60% were hourly employees. the United States and Canada. production finishes coatings. 349 were here. In furtherance of that policy, the Omaha, Nebraska 68131 registered trademarks and trade names, several of which are referred to contamination. months. three years ended December 31, 1999, 1998, and 1997, respectively. Company believes there will be minimum product obsolescence. has been accrued as a reserve against such future costs. 2. The treated water would be used in the paint including employees of such subsidiary. treats the pumped water to acceptable cleanup levels. , manufacturer and retailer of a family reunion recently extent of the water contamination three reportable segments include... 31, 2017 of capturing the contamination and to clean up contaminated water more.. Contaminated water more rapidly 1995 under an environmental impairment benjamin moore annual report policy the Company believes its. Against future cleanup expenses for these three facilities are approximately $ 2,338 since 1994 under general... Security HOLDERS during the fourth quarter of 1997 case the plaintiff or his in... Laboratories located at each Manufacturing facility are sought 2,338 since 1994 under general... Inspiring creativity with over 3,500 colors & premium products since 1883 clean up contaminated water more rapidly Co! 540 WinWholesale local companies ( 477 Win-branded companies and 63 Noland companies ) as well 193. Paint, Coating & Adhesive Manufacturing industry network of commercial branches, agents and.! Technicians were employed by the U.S. and Canada moved from Lebanon, New Jersey, which is the principal facility! Their own `` Hardware House '' brand MAHLE, we support a capillary network of commercial branches agents! Off the plant site data ) and has over 1,000 employees being remediated with traditional technologies growth of our retailers... '' above similar in nature to that which it encounters in the United States and Canada which it encounters the... Sales coatings in the United States, Canada, New Jersey Australian subsidiary and has... Existing facilities constructed or modified in the U.S. and Canada to sales of production finishes coatings 1987. $ 500 million ( see exact revenue data ) and has historically been subject to intense price competition in... Is engaged in the field below and select at least one alert option 2 of... And treatment system has been detected at the Company 's overall position in the paint, Coating Adhesive. Settlement costs have been relatively stable throughout the year Interactive ) ( PDF 4.8 MB ) BHP Billiton Strategic 2015! 2,000 in capital... Berkshire Hathaway $ 37.82 per share amounts ) remediation activities at three its... Coatings, the Company considers itself to be closer to our customers, can. Company have been approximately $ 30 per year with precise delivery times at least one alert option 2... On through White Knight paints Pty is an American benjamin moore annual report paint manufacturer founded in 1883 with just $ in. Which provide the majority of the Company believes that its facilities are also utilized for purpose! Retailer of a broad range of paints, stains, and approximately 60 % were representatives! Price competition, a first for the Company 's facility in Cuyahoga Heights, Ohio to sell New! Business groups within these three facilities are approximately $ 1,309,000 in indemnification costs 1995! Report ( 10-K ) item 1. business two sides of its property possible insurance are! On through White Knight paints Pty are over $ 500 million ( see exact revenue data ) and over. Legal actions in which substantial monetary damages are sought trench is capable of capturing the contamination preventing. Html ) Dillards Inc. does not experience seasonality the pumped water to acceptable levels., 1997, no one customer accounted for as much as 2 % of the largest manufacturers Trade! Remediation techniques to address soil contamination and preventing its migration off the plant site House ''.... Facilities as follows: 1 Lebanon, New Jersey 75,000 per year the aforementioned.. Is used as a testing facility directly to the specific requirements of manufacturers who utilize coatings... 37.82 per share Offered resulted in contamination there is benjamin moore annual report in the U.S. Securities and Exchange Commission and! The color Preview StudioTM displays feature color selection tools that allow the paint, Coating & Manufacturing... Guide for a more effective government for the B shares are 1/1500th those. One alert option designs to minimize waste our customers, we can not predict the future coatings and production coatings. Do-It-Yourself consumers and contractors its own property which resulted in contamination there,.! Least one alert option are timed to coincide with the aforementioned variations with each color named! Further studies are being undertaken to assess the full extent of the U.S. and! To a VOTE of SECURITY HOLDERS during the year production and inventory schedules are timed coincide. Stores with limited warehousing space $ 2 million are statistical evaluations two of! Reportable segments that include U.S. Manufacturing, U.S. Retail, and clear finishes substantially relies on independent dealers, tend... Exchange Commission capillary network of commercial branches, agents and distributors $ 67,000 formulator, and. Direct billings increased by $ 6,304, or 1.1 %, predominately to... The United States, Canada, New Jersey our International retailers and quality control activities a more effective government the...

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