DuluxGroup Limited
(ASX:DLX) has withdrawn its paint products from Masters and Danks stores to work more closely with other retailers.
The decision is in response to US-owned paint competitors becoming more closely aligned with resellers in Australia.
DuluxGroup says premium paint and woodcare products will no longer be sold at Masters and Danks corporate stores.
Paint sales to Masters and Danks represented about 1 per cent of total sales, and the decision won’t have a material effect on the company's financial performance, the company says.
DuluxGroup chief executive Patrick Houlihan says Masters and Danks will continue to be offered other products such as Selleys and Yates.
DuluxGroup generated a net profit of $31 million for the first half of the current financial year
