WAGNER SPRAYTECH ACQUIRES HOMERIGHT
MINNEAPOLIS — Nov. 6, 2018 — Wagner SprayTech, a market leader in advanced paint applicators and tools, announced today the acquisition of HomeRight, a division of Diversified Dynamics Corporation based in Blaine, Minnesota. HomeRight markets PaintSticks®, airless and HVLP paint sprayers, heat guns, rollers, steamers and related products, primarily to home DIY and crafting markets.
HomeRight has a loyal customer base of DIY and arts and crafts consumers, strengthening Wagner’s influence within the segment. The acquisition is part of Wagner’s growth plan, further solidifying the company’s leadership position in the sprayer category and the decorative finishing industry.
“We are pleased to welcome HomeRight customers and employees to the Wagner SprayTech family,” said Greg McGuirk, President, Wagner SprayTech, Americas. “With a history of innovation, a passion for quality, and desire to exceed customer expectations, HomeRight is an excellent addition to Wagner’s industry leading brands and will bolster our leadership position in the DIY and crafting markets.”
Wagner will retain the HomeRight brand and plans to continue offering HomeRight products through existing retailers. HomeRight products will continue to be sourced and manufactured globally, and will begin shipping from Wagner facilities starting Jan. 1, 2019. Full details of the integration plan will be finalized in the coming months.
“After more than 30 years developing the HomeRight brand, the time is right to join forces with Wagner, a prominent industry leader,” said Steve Bruggeman, President, Diversified Dynamics. “Our customers will be in good hands with such a capable and customer-focused company, ensuring our tradition of making DIY and crafting easier and faster continues.”
About Wagner SprayTech
Established in 1973, Minneapolis-based Wagner SprayTech Corp. is a wholly-owned subsidiary of Wagner Holding, Inc. A long-standing industry leader, Wagner SprayTech develops, manufactures and markets a wide array of paint sprayers, applicators and decorating products for home improvement, commercial painting and industrial fine finishing. With a legacy of product innovation, advanced engineering, quality manufacturing and exceptional customer service, Wagner products make it easier and faster to prepare surfaces, apply paints and other coatings, and clean up when the job is done. For more information, visit www.wagnerspraytech.com, youtube.com/WagnerPainting or follow @WagnerSprayTech on Twitter.
For more than 30 years, HomeRight has been an innovator in the consumer painting industry. Originator of the renowned PaintStick in 1986, HomeRight now offers consumers a full line of HVLP paint sprayers, heat guns, steamers and related products designed to make DIY tasks easier, faster and neater. Prior to the Wagner SprayTech acquisition, HomeRight was owned by Diversified Dynamics.