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News (65)


2014 Coated in Success at Valspar

The Valspar Corp. is giving thanks this week for its coatings segment, where booming sales of general industrial, coil and other coatings helped deliver record results for 2014.


Valspar Deal Expands Protective Reach

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


Coatings Power Up Valspar’s Q3

Buoyed by a double-digit bounce in coating sales in the third quarter, Valspar Corp. announced an improved 2014 forecast on Tuesday, forecasting nine percent sales growth for the year.


Paint Buyers Give Top Nods to 3 Brands

They may not be the biggest, but Benjamin Moore, Sherwin-Williams and BEHR are the best in the minds of many of their customers, according to J.D. Power's new Paint Satisfaction Study.


ACA Appoints First Female Leader

The American Coatings Association has announced its newly elected chairman is a chairwoman, making it the first time a female has taken the helm in its 126-year history.


Valspar Gifts $1M to Research Lab

Materials-science research at the University of Minnesota has taken a million-dollar step forward with help from The Valspar Corp.


Valspar Sales Growth Paints Q1 Green

A 10 percent boost in its Coatings segment has the Valspar Corp. off to “a good start” in 2014, the company reported Wednesday (Feb. 12).


CR Ranks Store Paint Brands No. 1

House brands from Behr Corp. and Ace Hardware have topped the latest rankings of 67 interior paints tested by Consumer Reports—earning “excellent” ratings in hiding and scrubbability.


Five Awarded New Coatings Scholarship

Five students studying coatings and polymeric materials have been awarded scholarships as part of two new programs announced by North Dakota State University and the Valspar Corporation.


Industrial Coatings Hold Back Valspar

Struggling sales of general industrial coatings fueled a 14 percent fourth-quarter decline in profits at the Valspar Corp., the company reported Tuesday (Nov. 19).


Valspar Launches Improved Coil Coating

Valspar has announced a new weather-resistant coil coating system for metals used in a variety of applications.


Coatings, Markets Dim Valspar’s Outlook

Sluggishness in industrial coatings and international markets led the Valspar Corp. to reduce its annual earnings guidance Tuesday (Aug. 13) in the wake of a disappointing third quarter.


Valspar Says ‘Ciao, Europa’

U.S.-based Valspar Corp. is now a player in the European industrial coatings market, with its newly completed acquisition of an Italian company.


Valspar Makes European Industrial Push

The $6 billion European industrial coatings market is getting a new player from across the pond.


Industrial No Help to Valspar in Q2

Declining demand for pipeline and other industrial coatings stunted Valspar Corp.'s growth in the second quarter, but the company notched improved performance overall, buoyed by strength on ...


Coating Allegedly Ruined $40M Deal

Shipping container manufacturer Sea Box Inc. has filed suit against the Valspar Corp., accusing the coating maker of supplying defective paint for a $40 million container coating project for...


Fluorescents Offer High-Visibility Help

Five new eye-popping aerosols from PlastiKote may help reduce hazards around doors, railings, barriers and other safety-sensitive features of industrial and commercial settings.


Gloss is Off in Valspar’s 1st Quarter

International markets flattened coatings and dinged paint sales in Valspar's first quarter, forcing the Minneapolis manufacturer to reduce its full-year guidance for 2013.


Global Coatings Market Set to Surge

Market researchers are painting a rosy future for the global coatings market, with robust growth on tap through 2015.


Valspar Leaves 2012 on an Up Note

The Valspar Corp. ended fiscal year 2012 with a flat quarter, stronger share prices, and a modest overall sales increase for the year—overall, good enough for a solid rebound from its massiv...


Valspar’s CFO Retires

Valspar Corp. announced the planned retirement of Lori Walker, the company's chief financial officer.


Coil Coating Group Names Technical Director

The National Coil Coating Association (NCCA) has named Dr. Al Dunlop to the position of technical director.


Valspar Invests $30M in Research Center

Valspar’s past will house its future, as the company’s vintage former headquarters building is transformed into the new global hub of its R&D network.


Coatings Nudge Valspar Upward in Q3

Sales of industrial and other coatings fueled third-quarter growth by the Valspar Corp., but the second-quarter sunshine cooled slightly for the Minneapolis paint and coatings maker.


Valspar, JLG See Shifts at the Helm

Valspar Corp.’s president and CEO has added the hat of board chairman, while access equipment leader JLG Industries has named a new president, the companies have announced.


Valspar Q2 Rings Up a Sunnier Forecast

The Valspar Corp. is treating investors to a brighter earnings forecast for 2012 on the heels of a solid second quarter.


Protective Coating Marketer Sought

The Valspar Corp. is looking for a Protective Coating Market Manager to “assist in the strategy to educate global markets on the benefits of epoxy-coated rebar.”


Valspar Rebounds with Q1 Valentine

Valspar Corp. celebrated Valentine’s Day with sweet success, bouncing back from an end-of-year loss with double-digit gains and a brighter full-year earnings outlook.


Valspar Upgrades Cold Galv for Hot Dip

Valspar has reformulated its Industrial Cold Galv Primer to provide greater durability and crack resistance on piping, tanks, bins, machinery, heavy capital structures and vehicle bodies.


Valspar Opens R&D Center in China

Valspar Corp. has bolstered its rapidly growing presence in China with a new research and development center there.


Charges End Valspar’s Year with a Loss

Double-digit sales growth could not save the Valspar Corp. from a net loss of nearly $300 million in the fourth quarter, due to hefty impairment charges from over-valuation of two housing-re...


Valspar Lends Hands to Rebuild Haiti

Valspar Corp. and longtime partner Habitat for Humanity have launched a celebrity-studded initiative to help rebuild Haitian homes destroyed by last year’s earthquake.


Industrial Coatings Pump Up Valspar

Strong growth in new and industrial coatings helped propel the Valspar Corp. to a 22.5% overall sales increase in the third quarter, although net income dipped slightly from a year ago.


Valspar Enters Ship Container Market

The Valspar Corp. has announced commercialization of a water-based, zinc-free coating technology and application process that will be used by the world’s largest shipping container manufactu...


Valspar to Close 2 Plants, Hike Prices After Q2 Decline

Valspar Corp. will close two plants and further increase prices in the wake of a second-quarter report that saw a drop in net income, despite double-digit increases in sales.


Valspar to Pay Retiring CEO for FY11

Outgoing Valspar Corp. CEO William Mansfield will continue to receive his $950,000 salary through the end of the paint and coatings company's fiscal year.


Protective Coating Prices Face Global Spike

Fasten your seatbelts. The price of protective and marine coatings is about to spike again globally—perhaps to record highs—and no relief is in sight, manufacturers report.


Deal Extends Valspar’s Latin Reach

The Valspar Corp. has announced that it has acquired Brazilian coatings maker Isocoat Tintas e Vernizes Ltda.


Valspar Names New CEO, CTO

Valspar Corp. president and chief operating officer Gary E. Hendrickson will succeed William L. Mansfield as the company’s chief executive officer, effective June 1, the company’s Board of D...


Valspar Posts Gains, But Coatings Lag

Valspar Corp. notched a 25.3% overall increase in sales for the first quarter, but performance in the coatings segment carried “concern, uncertainty and hopefulness” for the company’s CEO.


Valspar Spy Gets 15-Month Federal Prison Term

A former Valspar Corp. technical director has been sentenced to 15 months in federal prison for stealing up to $20 million in formula secrets to share with Nippon Paint, his future employer.


Valspar Delivers Double-Digit Gains

Fourth-quarter sales for the Valspar Corp. increased by nearly 13% over 2009, lifting the company to a 12.1% sales increase for fiscal year 2010 and a promise of a strong 2011.


Valspar Names Global Industrial VP

The Valspar Corp. has announced the appointment of Roeland H. Polet as Senior Vice President, Global Industrial, with worldwide responsibility for the General Industrial and Coil Coatings li...


Valspar Corp. Announces Buyback of 15M Shares

The Valspar Corp. Board of Directors has authorized the repurchase of up to 15 million shares of outstanding common stock—about 15% of the company’s current outstanding shares, the company a...


Valspar Completes Acquisition of Wattyl

The Valspar Corp. has completed its previously announced acquisition of Australian paint manufacturer Wattyl Ltd., the companies have announced.


Valspar Donates 1 Millionth Gallon to Habitat for Humanity

The Valspar Corp. and Habitat for Humanity International are celebrating a partnership that has endured through 31 years and 1 million gallons of paint.


Reports Probe Global Coatings Players, Markets

Three new market reports shed light on the world’s top 10 paint and coatings companies, the world coatings market, and the industry in Asia Pacific.


Ex-Employee Admits Stealing Valspar Secrets

A former Valspar Corp. technical director has pleaded guilty to theft of a trade secret, admitting that he planned to take proprietary formula information to a new employer in China.


Industrial Coatings Boost Valspar Q3 Performance

Strong performance by its industrial coatings segment propelled the Valspar Corp. to an overall 10% sales increase and 22% net income increase in the third quarter, compared to the same peri...


Valspar Rolls out ‘Signature Colors’ Line

The Valspar Corp. announced the launch of Valspar® Signature Colors® with Hi-DEF Advanced Color System™, reported to offer “the ultimate hiding formula” that “covers most old colors in one c...


Valspar to Acquire Australia’s Wattyl Ltd.

The Valspar Corp. announced plans to acquire Australian paint manufacturer Wattyl Ltd.


PlastiKote Re-Launched, with New Manager

The Valspar Corp. has re-launched the PlastiKote brand of automotive paints and has tapped a former Trex Company executive to be the brand’s new category manager.


Valspar Reports Sharp Gains in Sales, Earnings

The Valspar Corp. reported net income of $61.7 million for the company’s second quarter ended April 30, a significant increase from net income of $31.1 million for the same period a year ear...


Valspar Posts Gains in Sales, Earnings

The Valspar Corp. reported net income of $33.9 million for the company’s first quarter ended Jan. 29, up sharply from net income of $14.2 million for the same period a year earlier. Sales fo...


PVDF Coatings Enliven Hospital’s Exterior

High-performance fluoropolymer coatings were employed to produce a distinctive, copper-colored exterior with custom, “Maple Green” accents at Maple Grove Hospital, a new health-care facility...


Economic Pulse: Valspar Reports Sales Decline, Earnings Gain

The Valspar Corp. reported net income of $49.9 million for the company’s fourth quarter ended Oct. 30, a gain of 28% from $38.9 million for the same quarter a year earlier. Sales for the qua...


Valspar Sees Calm Colors for ‘10

A widespread consumer desire to relax and retreat underscores The Valspar Corp.’s new 2010 color trend palettes.


Valspar Fined for Air-Quality Violations

The California Air Resources Board (CARB) recently levied a $218,000 fine against The Valspar Corp. for air-quality violations.


Valspar Aids Couples in Color Conflicts

Paint projects stalled by color conflicts may make progress with help from Valspar.


Valspar Reports ‘Strong Earnings Performance’

Sales declined, but adjusted net income per share increased in overall third-quarter “strong earnings performance” by The Valspar Corporation, the company has reported.


Homeowners Seek ‘Big Change’ with Paint

More than ever, consumers are looking for a “big change” from their painting projects, a new study reports.


PRODUCTS & TECHNOLOGY: Polyester Coating for Metal

The Valspar Corp. introduced “Granite,” a polyester coating for prepainted metal.


Wrigley Elements Get New Coat of Paint

The Valspar Corp. kicked off its 2009 Wrigley Field sponsorship by unveiling the historic stadium’s newly painted marquee and scoreboard.


Valspar Commits $20 Million to Habitat for Humanity

The Valspar Corp.’s foundation will continue its 30-year relationship with Habitat for Humanity International by donating more than $20 million in cash and paint through 2012.


Valspar Posts ’08 Gains

Despite soaring raw-materials costs and the economic downtown, Valspar increased its net sales for 2008 by 7.2 percent to $3.48 billion, including a 10.9 increase in sales in the company’s c...


 
 
   

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