AkzoNobel will become the primary paint supplier to Walmart’s retail stores in the United States, the coatings giant has announced.
AkzoNobel is the world’s largest coatings company; Walmart is the world’s largest retailer.
AkzoNobel will develop and manufacture a portfolio of interior and exterior paints for more than 3,500 Walmart stores nationwide, the coatings maker said in a statement Wednesday (Sept. 1). Walmart released no statement on the deal.
The agreement builds on the coatings maker’s current relationship with Walmart for paints in Puerto Rico and Canada, and with Liquid Nails adhesives in the United States.
“This is an excellent opportunity for us to work with Walmart and offer their customers an exciting new in-store program,” said Tex Gunning, the AkzoNobel board member responsible for Decorative Paints. “This is a landmark deal, which will significantly boost our market share in the U.S. and contribute to further enhancing the value of our Glidden brand there.”
Walmart will begin the transition to AkzoNobel early next year, the paint maker said.
AkzoNobel Decorative Paints in the Americas (Canada, U.S. and Latin America) employs about 7,200 people and generates about $1.9 billion in revenues. The company’s portfolio consists of architectural coatings, wood-care products, adhesives and caulks.