Guardsman Acquired by Amynta Group

September 24, 2018  by Jane Chero in Acquisition, Business Strategy, Industry   

Guardsman US LLC, Guardsman Australia PTY Limited and Guardsman Industries Limited (collectively, "Guardsman"), with operations in the United States, Australia and the United Kingdom are all part of the deal. Terms of the transaction were not disclosed.

Guardsman is a former division of The Valspar Corporation, which was acquired by The Sherwin-Williams Company in 2017.

Amynta CEO Stuart Hollander said, "With our acquisition of Guardsman, we are continuing to build Amynta's consumer warranty segment and making a significant expansion in the furniture protection, care and repair services space. With more than 100 years in the business, Guardsman has been a long-time leader and today has operations on three continents and a highly-respected brand recognition."

Founded in 1915 in Grand Rapids, Michigan, Guardsman's team of more than 200 employees and global footprint allows the company to service customers throughout the United States, Canada, the United Kingdom, Ireland, the Netherlands, Australia, New Zealand, Malaysia, Singapore and China. The company markets furniture protection plans, furniture care and repair products, and furniture repair services.

Guardsman North American General Manager Tim Mrotek, said, "Guardsman and our worldwide team of professionals are pleased to be joining a warranty leader like Amynta. We believe our role as a leader in furniture protection brings a significant new offering to Amynta's consumer warranty portfolio."

Hollander concluded, "We foresee opportunities to expand Guardsman protection plans, products and repair offerings across Amynta's current consumer warranty base, particularly in the e-commerce channels. We also believe the combined brand power of Amynta and Guardsman will give us an edge.