Brand
We mean business
Comprehensive legal services for businesses
in New Jersey and New York

COVID-19 Notice: In order to best serve you, while being mindful of your health and safety, we are available for consultations and conferences via telephone and video. We can arrange for documents to be prepared, reviewed, signed and exchanged electronically. We are ready to assist you with all of your legal needs.

We are open and ready to assist you. Go to our COVID-19 Updates page to see our latest statement on the crisis and a list of recent news and developments during this challenging time.
GO
Close
top-contextual
comprehensive legal services for businesses

Bergen County business acquires established business in Paramus

The ever-changing economic tides in the United States can take a toll on a variety of small-scale businesses, even established ones. That was the case of Paramus-based Norton Paint, which was sold to Eagle Paint and Wallpaper from Bergen County.

Created in the 1960s, Norton Paint has already transitioned from being a family-owned business to a small scale business entity in 2003. For the second time, Norton Paint changed owners as a response to the economic crisis. Eagle Paint and Wallpaper, on the other hand, sees the buyout as a good fit because of Norton Paint’s good reputation.

Business mergers can be a messy affair, not just for huge companies but most especially for small and closely held corporations. Culture clashes seem inevitable as new and retained employees may encounter difficulties in working together. Layoffs are always a looming possibility, making it harder for employees to trust the company, resulting in a decline in motivation and productivity. Furthermore, it might take a while for consumers to adjust to the new image of the business.

Fortunately for these New Jersey companies, the merger benefited both of them as they joined forces in a highly competitive environment. The majority of the Norton staff also remained and joined the new business, and both companies were able keep their names, preventing any consumer confusion.

It is during these times that business owners should make sure that they have a well-crafted business plan to protect interests and ensure that all problems are given a solution. This should be created regardless of the size and scale of your business. The business plan should be as thorough as possible in order to cover areas such as taxes, finances, permits, insurance and employees.

Source: NorthJersey.com, “Eagle Paint of Englewood buys Norton Paint in Paramus,” Kathleen Lynn, March 8, 2014

Office Location

Dunn Lambert, LLC
East 80 Route 4 Suite 170
Paramus, NJ 07652

Paramus Law Office Map

Dunn Lambert, LLC
1745 Broadway, 17th Floor
New York, NY 10019
New York Law Office Map


Phone: 201-957-0874
Fax: 201-291-0140

Phone: 201-291-0700
Fax: 212-519-9804
Best Lawyers | Best Law Firms | U.S.News & world report | 2017

GET ANSWERS from a firm
with a sense of business.

Archives

Review US
FindLaw Network