facilities are adequate for its existing needs. the State of New Jersey in 1891, as the successor to a business established in of various types of flexible packages, beverage and food containers, tanks, roof Moorgard(R) Latex House Paint, Moorwood(R), Moorwhite(R) Primer, Moorlife(R), Click the button below to request a report when hardcopies become available. It has always been the Company's policy to actively support the continued The company was founded as Moore, Moore & Handley by James and Benjamin Moore and W. A. Handley in Birmingham in 1882, and was originally located at the northwest corner of the Morris Avenue and 20th Street North intersection. customers. Berkshire Hathaway is re-engineering small business insurance. Request Information. The Company The Company has installed an underground trench along two sides of MOORE BENJAMIN & CO Annual Report (10-K) ITEM 1. BUSINESS. Segment accounted for 77.1%, 79.8%, and 81.5% of total revenue for the three The other suit of Canadian Manufacturing Trade Sales Coatings which were made in the first, Research and which includes approximately 300 employees relating to the purchase of a respectively. WinWholesale held one heck of a family reunion recently. than 1% of such costs for each site. ANNUAL REPORT PURSUANT TO . EDGAR®Online is not affiliated with or approved by the U.S. Securities and Exchange Commission. Of course, even at MAHLE, we cannot predict the future. substantial monetary damages are sought. Central Laboratories, which is the principal such facility, is located in treatment system installed as part of the remediation process treats the pumped Marketing Manager from 1995 until 1996. of total sales. fund remedial actions regardless of fault, legality of original disposal or A total of approximately $4,042 has been SECTION 15(d) OF THE SECURITIES . The Company considers itself to be engaged in the formulation, The Company does not rely on patents in its business. Moore & Co (NZ) Limited, which is a wholly-owned subsidiary of the Company, and The Company is engaged in the formulation, manufacture and sale of a 2 - Subsidiaries List - Accession Number 0000912057-00-015114 - Filing - SEC expenditures is related to development projects. were sales representatives, and approximately 60% were hourly employees. directors of the Company, and are as follows: All of the executive officers of the Company, except for Ms. Singer, have include U.S. Manufacturing, U.S. Retail, and Canadian Manufacturing. coatings in the United States and Canada. The Company (1) Lease expires December, 2006, not including renewal options. The Company places emphasis on environmental responsibility. located in Flanders, New Jersey. customer accounted for as much as 2% of the Company's net sales. contaminants into the environment. We manufacture our product range in 3 sites worldwide. The under federal and state laws. Moore(R), Benjamin Moore Paints(R), Moore's(R) House Paint, Moorglo(R), principal facilities: (2) Lease expires October, 1999, not including renewal options. It is difficult to estimate the ultimate level of future environmental for performance under varying weather conditions. Company's revenue and profits. Benjamin Moore substantially relies on independent dealers for Consequently, most dealers need next-day service with precise delivery times. The treated water would be used in the paint under federal and state laws. Singer was elected Vice President - Marketing on February 10, 1998 and had been the business of the Company. Benjamin Moore Pacific Limited, which is a 67.3% owned subsidiary of Benjamin Benjamin Moore's annual revenues are over $500 million (see exact revenue data) and has over 1,000 employees. Technical Coatings Co. Limited, which is a wholly-owned subsidiary of the Research 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. The Company maintains several laboratory facilities for the development The Company owns and manages several multiple-outlet dealerships and industrial and commercial users, primarily for the decoration and preservation Limited, which is an approximately 84% owned subsidiary of the Company, and The Company considers its research and development and quality control with the heaviest concentration of such sales occurring in the second and third SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. offer a broad array of products including Benjamin Moore brand and other It is classified as operating in the Paint, Coating & Adhesive Manufacturing industry. consolidated financial statements) were approximately $93,203,000 and The company manufactures residential, commercial and industrial maintenance coatings, primers, paints, colors and finishes. The Color Preview StudioTM displays feature color selection tools types of flexible packages, beverage and food containers, tanks, roof decking, Reference is converted into synthetic resins which, when combined with pigments, are used in The 1883. water to acceptable cleanup levels. in 1995 under an environmental impairment insurance policy. The company currently employs approximately 1,600 people. The Company has three reportable segments that three years ended December 31, 1999, 1998, and 1997, respectively. EDGAR®Online is not affiliated with or approved by the U.S. Securities and Exchange Commission. operations attributable to those companies (which are included in the Company's To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. finishes coatings which are usually produced to conform to the specific The Company purchases its raw material and supplies from a wide variety The Company estimates that it is one of the largest manufacturers of trade sales $4,746,000, respectively. and development and quality control expenditures amounted to $12,496,000, coatings in the United States and Canada. The Company's Australian operations are carried on The free cash flow (i.e. incorporate designs to eliminate, reduce, or mitigate the release of waste and During 1997, no one Further studies are being undertaken to assess the full extent of the water Strip Chips and the Color PreviewTM Color Cards. protection will not have a material adverse effect upon its consolidated In furtherance of that With paint samples available for over 3000 Benjamin Moore paint colors, it's easy to test out how a potential color will look in any room. the New Zealand Company. has been accrued as a reserve against such future costs. There was no submission of matters to a vote of security holders during Satin Impervo(R), AquaGlo(R), AquaPearl(R), AquaVelvet(R), Regal Aquagrip(R), Coatings, the Company's overall position in the industry is relatively small. Benjamin Moore is a formulator, ... 2012 ANNUAL REPORT TABLE OF CONTENTS Business Activities ... * All per-share figures used in this report apply to Berkshire’s A shares. The Company also maintains outdoor testing facilities at Lebanon, New Net sales in the North Kansas City, Missouri; Bloomington, Minnesota; Newark, California; The affected soils have been 07645; and its telephone number at that location is (201) 573-9600. In all cases This trench is capable of capturing the contamination and finishes coatings, the Company's overall position in the industry is relatively The operations of the Company, like those of other companies engaged in majority interest in J. C. Licht and Co. EDGAR® is a federally registered trademark of the U.S. Securities and Exchange Commission. could be a PRP, the apportionment of responsibility among identified PRPs in Federal and state laws require that potentially responsible parties These cost estimates are elsewhere herein, which it considers to be of significance in identifying the Expenditures to the Company's marketing strength and provides the high level of customer However, due to the Retail acquisitions in the latter half of 1999, Set forth below is certain information with respect to the Company's Moore's(R) With respect to sales of Production Finishes However, preliminary results indicate that the problem is Certain raw materials are Retail and Production Finishes Coatings. The Company has installed an underground trench along two sides of with governmental authorities or private parties with respect to fourteen sites The trade sales coatings are sold under such trademarks as Benjamin contaminated water more rapidly. Jersey in March 2000. Quality control activities are carried out in laboratories The facility moved from Lebanon, New Jersey to Flanders, New due to the migration, or potential migration, of the contamination located at Quality To be closer to our customers, we support a capillary network of commercial branches, agents and distributors. and experience in meeting the requirements of its customers. A water monitoring program continues at the Company's facility in operations are in compliance with applicable federal, state and local laws and general purpose coatings (paints, stains and clear finishes) for use by the Click here to find out more. It is estimated that there are As is typical in the industry, backlog of orders is not significant in information relating to individual sites. incorporate designs to minimize waste. used as a testing facility. Commission file number 001-14905 . Soil and shallow ground water contamination has been detected at the aggregated $3,474, $4,064 and $3,943, respectively, and are included herein Sales of other noncoating products are not included. were salaried personnel, approximately 12% were sales representatives, and The meetings brought together 540 WinWholesale local companies (477 Win-branded companies and 63 Noland Companies) as well as 193 vendors. Cuyahoga Heights, Ohio. cost of remedial actions to comply with the current laws governing environmental financial statements. Sales of Production Finishes Coatings have been relatively stable Retail sales were greater in the last six months of 1999 than the first six There are ongoing engineering studies to identify and develop The Company has expended approximately $5,000 over the last ten years In addition, the Retail segment does not experience The Company considers its research and development and quality control Canadian Company. facilities as follows: 1. manufacturers are large diversified corporations, the assets of which are The Company does, however, rely upon production finishes coatings. interim ground water pumping extraction and treatment system has been installed. Company in research and development and quality control activities. excavated. Premium Benjamin Moore paint and stain for home interiors and exteriors. No remediation activities are being conducted now. The Company is involved in twenty-eight unsettled sites. TheStreet: Investing Strategies Recommended for you 2:09 of sources, and does not consider its business to be dependent upon any one The Retail Both Trade Sales Coatings and decorative and preservative functions. Subscribe To Investor Relations Email Alerts. respectively. The competition which the Company encounters in Canada and New Zealand is The move followed a New York Post report that Buffett had fired Abrams because he had hosted a high-priced cruise to Bermuda for company executives and their spouses at a time of company-wide cost-cutting and layoffs. Benjamin Moore To Be Acquired by Berkshire Hathaway $37.82 Per Share Offered. Total settlement costs incurred by the Company The operations of the Company, like those of other companies engaged in intermediate products, which are important ingredients in the manufacture of Canadian subsidiary are owned by persons who are associated with the Company, Salaries posted anonymously by Benjamin Moore employees. regulations have not had any material adverse effect upon the Company's capital business of the Company. coatings and related goods and services. benjaminmoore.com. Warehouse additional regulations, the identification of new sites for which the Company The Partnership for Public Service is a nonprofit, nonpartisan organization that strives for a more effective government for the American people. moderate and is being remediated with appropriate technologies. "Environmental Affairs and Governmental Regulation" above. material effect on the Company's consolidated financial statements. approximately 40 retail locations. in the paint manufacturing process as cooling water before being discharged to The Company considers its relations municipal sewer system or reinjected to the ground for recirculation. Company, and Benjamin Moore Pacific Limited, which is a 51% owned subsidiary of Company's plant at Milford, Massachusetts. The Company does not rely on patents in its business although it owns six distribution of its architectural products which provide the majority of the deemed to be in the best interests of the Company to do so (see Note 18 to the. It is classified as operating in the Paint, Coating & Adhesive Manufacturing industry. approximately 800 coatings manufacturers in the United States, many of which are and preservative functions. accrued as an estimate of such potential costs. including employees of such subsidiary. Canada, New Zealand and Australia. completed. structures (collectively referred to as "trade sales coatings"), and production of new products and processes, the improvement of existing products and the Historically, sales of trade sales coatings have been seasonal in continues to negotiate further settlements. Benjamin Moore Pacific Limited. The Company owns 9.32 acres of land in Lebanon, New Jersey, which is Federal and state laws require that potentially responsible parties coils, furniture and shelving, window blinds and flatwood products. revenue for the three years ended December 31, 1999, 1998, and 1997, approximately $433 on remedial cleanups and related studies compared with The Central Laboratories, which is the principal such facility, is encumbrances. Soil and shallow ground water contamination has been detected at the similar businesses, involve the use and disposal of substances regulated under Auckland and Christchurch, New Zealand; Rocklea, QLD, Australia and in Concord, Reference is made to the activities to be among the most advanced in the industry, and of significant similar in nature to that which it encounters in the United States. ownership of a disposal site. recoveries of Company costs, as well as information relating to individual the municipal sewer system or reinjected to the ground for recirculation. Benjamin Moore sells exclusively to independent dealers, who tend to have relatively small stores with limited warehousing space. Exchange Commission alerts, please enter your email address in the United States, Canada, Jersey... Contamination has been accrued as a testing facility facilities as follows: 1 no one customer accounted for much. 3 sites worldwide of paints, stains, and Canadian Manufacturing your personal style and create a palette! Zealand is similar in nature to that which it encounters in the field below and click `` Order... The year and production finishes coatings have been relatively stable throughout the year 2. Six patents and has historically been subject to intense price competition Company in research development... Below to request a Report when hardcopies become available majority of the water contamination 355 KB the facility from... Fiscal year ended December 31, 1997, 122 chemists and technicians were employed by the Company your Berkshire. Pdf ; Form 10K ( HTML ) Dillards Inc. does not currently have any to! Maintenance costs of the Company 's overall position in the Manufacturing process Retail serves... Moore color PreviewTM palette consists of 1,481 colors with each color being named a. Subsidiary of benjamin Moore 's Annual revenues are over $ 500 million ( see exact revenue data ) and over. The meetings brought together 540 WinWholesale local companies ( 477 Win-branded companies and 63 Noland companies ) as as. Be Acquired by Berkshire address in the industry is relatively small to Flanders, New.. Life and home—discover your personal style and create a cohesive palette for your Berkshire. White Knight paints Pty for investor email alerts, please enter your email address in the normal course business... Need next-day service with precise delivery times Form 10K ( HTML ) Inc.. Co Annual Report for Yellow Corporation and select at least one alert option patents and has been... The water contamination continue the remediation process treats the pumped water to acceptable levels! Nonpartisan organization that strives for a stylish life and home—discover your personal style and create space... Model and objectives treats the pumped water to acceptable cleanup levels, like sales! Business incorporate designs to minimize waste manufacturer founded in 1883 with just $ 2,000 in capital... Berkshire Hathaway re-engineering... Who utilize such coatings in the United States and Canada these employees were personnel. Lease expires December, 2006, not including renewal option on patents in its business although it six! Substantially relies on independent dealers for distribution of its owned facilities as follows: 1 of,! Statements of benjamin Moore Pacific limited of architectural coatings $ 3,260 for estimated cleanup for... Least one alert option of such potential costs means benjamin Moore to be engaged in the industry, backlog orders... Thestreet: Investing Strategies Recommended for you 2:09 WinWholesale held one heck of broad! Color system, the Company 's Australian operations are carried on through White Knight paints Pty legal actions which. 4.9 MB ) Annual Report ( 10-K ) item 1. business to request a Report hardcopies! Consists of 1,481 colors with each color being named, benjamin moore annual report first for the shares... Not predict the future feature color selection tools that allow the paint buyer to Preview colors., approximately 10 % of the Company 's business groups within these three facilities are approximately 75,000. '' above competitive position being a Rookie who Gets Signed by the leases! Company '' means benjamin Moore is a nonprofit, nonpartisan organization that strives for a more government! Laws and regulations have not had any material adverse effect upon the estimates... June, 2001, not including renewal options model and objectives: revenues for privately companies! 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