Orchard Supply Hardware Stores Corporation And Benjamin Moore & Co. Announce New Distribution Agreement
Orchard Supply Hardware Stores Corporation (Nasdaq:OSH), a specialty
retailer focused on the consumer segment of the home improvement market,
announced that it has entered into a multi-year distribution agreement
Orchard Supply Hardware Stores Corporation (Nasdaq:OSH), a specialty retailer focused on the consumer segment of the home improvement market, announced that it has entered into a multi-year distribution agreement with Benjamin Moore & Co., a leading premium quality national paint manufacturer. Under the agreement, Benjamin Moore will become Orchard’s exclusive supplier of interior and exterior paint coatings. The roll-out to Orchard’s 87-store chain is expected to begin in March and be completed by August 2012. “We are excited to have a strategic alliance with a premier brand like Benjamin Moore to offer our customers the highest quality paint solution in the marketplace,” said Mark Baker, Orchard’s President and CEO. “As the number one category in home improvement, paint is a key area of focus for Orchard and represents an important long-term growth opportunity for our Company. We have a great deal of respect for Benjamin Moore’s 129-year history and position as an innovator and market leader. We look forward to a long and productive relationship.” Dan Calkins, Benjamin Moore’s Vice President of Sales, added, “Orchard’s 80-year history and emphasis on providing customers with quality products and exceptional service make the Company an attractive partner for Benjamin Moore. This alliance allows us to broaden our reach in the hardware channel, further engaging the convenience-driven, do-it-yourself shopper. Consistently, Benjamin Moore is the consumer brand of choice, preferred for its quality of performance and unrivaled color leadership. In 2011, we were ranked highest in consumer satisfaction by the J.D. Power & Associates annual survey. We are thrilled to partner with a preeminent California retailer in order to help homeowners more readily find Benjamin Moore products.” About Orchard Orchard Supply Hardware Stores Corporation (Nasdaq:OSH), through its wholly-owned subsidiary, Orchard Supply LLC, is a specialty retailer primarily focused on homeowners with repair, maintenance and improvement needs. Founded as a purchasing cooperative in San Jose in 1931, as of February 3, 2012, the Company operates 87 full-service hardware stores in California. The stores average approximately 44,000 square feet of enclosed retail space and approximately 8,000 square feet of exterior nursery and garden space, carrying a broad assortment of merchandise across three primary categories: repair and maintenance, lawn and garden and in-home products.