PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Transmission Pipeline Coating Systems: Selecting and Sourcing

Paint and Coatings Industry News

Main News Page


Valspar to Acquire Australia’s Wattyl Ltd.

Monday, June 28, 2010

Comment | More

The Valspar Corp. has announced plans to acquire Australian paint manufacturer Wattyl Ltd., a major supplier of products for consumer and professional paint and coatings products in Australia.

Wattyl distributes its paint brands to retail customers through home-improvement centers and hardware outlets and to trade customers through a network of 140 company-owned stores. The company had 2009 sales of $381.4 million (Australian), or approximately $333.03 million U.S.

Valspar says it will acquire all outstanding Wattyl shares for approximately A$142 million (U.S. $124 million) and assume existing debt. The transaction is subject to approval by Wattyl shareholders and regulatory authorities.

“Wattyl is a market leader with excellent brands, high-quality products and broad distribution across all channels throughout Australia and New Zealand,” said William L. Mansfield, Valspar chairman and CEO. “This latest acquisition builds on our increasing presence in the Asia-Pacific region and presents an outstanding opportunity for growth.”

Wattyl’s paint and coatings brands include the Interior Design i.d., Solagard, , Aquatrim, Weathergard, Estapol, Granosite, Killrust, and Solver Paints labels.

   

Tagged categories: Acquisitions; Coatings manufacturers; Mergers; Valspar; Wattyl Limited

Comment Join the Conversation:

Sign in to our community to add your comments.

Hempel (USA) Inc.
HEMPEL PROTECTIVE COATINGS

Efficient systems and high quality products to reduce your maintenance costs. Visit Hempel Protective for more information.


Carboline Company
Hyrdrocarbon Fire & Jet Fire Protection

Pyroclad X1 is the latest breakthrough in epoxy based intumescent fireproofing technology


Polyval Coatings
Polyflex® Polyurea Linings

exhibit outstanding versatility in use; providing abrasion resistance, superior seamless waterproofing and high-chem corrosion protection. www.polyflexlinings.com


Wasser High-Tech Coatings Inc.
Wasser Coatings Protect

some of the most important bridges in the country; learn about our NEPCOAT-approved system and our entire range of MCU & Polyurea coatings. 1-800-627-2968 www.wassercoatings.com


JPCL Europe
Special EMEA edition!

Now, the publisher of JPCL offers essential news and knowledge for protective and marine coatings professionals in Europe, the Middle East and Africa: www.jpcleurope.com


Mohawk Garnet
Enska by Mohawk Garnet™

A safe, efficient and economical abrasive alternative to slag and sand products. More information
at 1.866.642.7638 or info@mohawkgarnet.com Email for follow up – mheilimo@mohawkgarnet.com


Greener Blast Technologies
Reinventing the Blasting Industry

Greener Blast Technology, Inc. manufactures the most effective slurry blasting system available on the market to date.

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker JPCL Europe

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2014, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com