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Valspar Deal Expands Protective Reach

Tuesday, November 18, 2014

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Moving deeper with one stroke into the global infrastructure market, the Valspar Corp. has acquired protective and marine coatings maker Madison Chemical Industries Inc.

Terms of the deal were not disclosed in Valspar's announcement last week.

Founded in 1975, Ontario-based Madison is a global supplier of coatings and linings for new and existing pipelines, water and wastewater management, storage and holding tanks, wind towers, marine and offshore vessels and structures, and other markets and applications.

Madison Chemical Co.
Images: Madison Chemical Co.

Founded in 1975, Madison Chemical is a global supplier of protective and marine coatings and building products.

The company calls itself "the technology leader for infrastructural coatings."

History of Innovation

According to its website, the company boasts several firsts, including:

  • The first UL-approved high-performance external coating for underground storage tanks (1975);
  • The first polyurethane-based, UL-approved tank linings (1978); and
  • The first polyurethane-based pipeline coatings (1981).

In 2008, Madison Chemical Co. introduced "No-Blast" technology, designed to eliminate abrasive blasting on many coatings projects.

In addition, in 2008, Madison introduced "No-Blast" technology, which the company says "eliminates the need for abrasive blasting" in a wide variety of structures, including storage tanks, utility structures, construction components and industrial equipment.

According to Madison, No-Blast works with carbon steel, galvanized and weathering steel substrates.

More 'Proven Solutions'

Valspar chairman and CEO Gary Hendrickson welcomed Madison to the Minneapolis-based company.

“Combining Valspar's existing pipe coating products, global manufacturing and technical resources with Madison’s extensive experience and qualifications in the water infrastructure market provides our customers with a broader array of proven solutions," he said.

EdgeRetentionCoatings_Before EdgeRetention_After

In 2002-03, Madison Chemical says, it worked closely with the U.S. Navy to formulate 100% solids polyurethane coatings with improved edge retention for lining shipboard ballast tanks.

"Bringing four decades of breakthroughs and market leadership into Valspar’s technology portfolio is a big win for our customers.”

Founded in 1806, Valspar provides the spectrum of industrial and architectural paints and coatings, with more than 10,000 employees in more than 25 countries.


Tagged categories: Acquisitions; Marine Coatings; Market share; Paint and Coating Sales; Valspar

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