Business

Kelly-Moore Paints to close all stores

Kelly-Moore Paints is shutting down after nearly 80 years in business.

NBC Universal, Inc.

Kelly-Moore Paints, which was founded in San Carlos in 1946, is shutting down.

Kelly-Moore Paints, which was founded in San Carlos in 1946, is shutting down.

In a news release Friday, the company said finances have been declining as it pays off decades of asbestos claims related to a series of long running lawsuits. Over 700 employees will be furloughed.

A distribution center in Union City will stay open so the company can fulfill its final orders. But all other facilities will be closing, including over 60 locations in the Bay Area.

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