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News (46)


Steel Coil Firm Honors Paint Suppliers

Luxembourg-based steel manufacturer ArcelorMittal recently announced the three recipients of its annual Paint Supplier Innovation Awards, issued to paint manufacturers that propose innovativ...


Obituary: Angus Wurtele, Valspar CEO

C. Angus Wurtele, the CEO who built Minnesota Paints Inc. into Valspar over his 36-year career at the company, passed away earlier this month at age 83.


Sherwin-Williams Q2 Bolstered by Valspar Buy

The Sherwin-Williams Company reported an increase in overall net sales in its second quarter compared with prior-year numbers, and unveiled a new structure in the wake of its blockbuster acq...


Ex-Valspar CEO Joins Building Materials Firm

Weeks after The Sherwin-Williams Company completed its acquisition of Valspar Corp., an Illinois building materials company announced that former Valspar CEO Gary Hendrickson will be joining...


Axalta Completes $420M Valspar Unit Buy

Philadelphia-based Axalta Coating Systems on Thursday (June 1) finalized a deal to acquire Valspar Corporation’s North American Wood Coatings unit for $420 million in cash.


Sherwin-Williams Finalizes Acquisition of Valspar

The long-gestating acquisition of the Minneapolis-based Valspar Corporation by The Sherwin-Williams Company was finalized Thursday.


Valspar Q2 Sales Up on Eve of Merger

With its acquisition by The Sherwin-Williams Company looming, Valspar Corp. issued its second-quarter earnings report Wednesday, indicating that sales were up more than 3.5 percent in compar...


Sherwin-Valspar Deal Set to Close June 1

U.S. and Canadian regulators have given their approval to the merger between two of the largest paints and coatings manufacturers in the world, paving the way for the close of the deal this ...


Sherwin-Williams Reports Record Q1 Sales

Sales were up in the first quarter of 2017 for The Sherwin-Williams Company, including increased net sales and volumes in its Global Finishes Group, which includes the company's protective a...


Valspar Sells Wood Coatings Unit for $420M

In a transaction that The Sherwin-Williams Company and Valspar hope will pave the way for the close of their pending merger, the firms announced on Wednesday (April 12) they have reached an ...


Sherwin-Williams, Valspar Deal Delayed

The Sherwin-Williams Company and The Valspar Corporation announced in a joint news release Tuesday that they have extended the termination date of their merger agreement from March 21 to Jun...


Coatings Sales Up for Valspar in Q1

Sales in the coatings segment, including coil and wood coatings, jumped in the first quarter of 2017 for Valspar, helping to boost the company, which posted an overall sales increase, accord...


Valspar Addresses Financials, Merger Chatter

Following release of a statement responding to market rumors concerning its proposed merger with The Sherwin-Williams Company, paint and coatings manufacturer Valspar Corp. announced its fou...


Sherwin-Williams, Valspar Respond to FTC Rumor

Following an article suggesting that the pending merger between The Sherwin-Williams Company and Valspar was facing regulatory complications, both companies announced Friday the deal remains...


Valspar Q3 Numbers Mixed

Coil and wood coatings fueled volume growth in the third quarter for Valspar Corp., though foreign currency translation contributed to a slight dip in sales for the manufacturer as it prepar...


Sherwin-Williams Posts Gains in Q2

Despite lower numbers in its Global Finishes Group and other divisions, The Sherwin-Williams Company announced overall gains in its second-quarter earnings report.


$11B Valspar Deal Gets Shareholders’ OK

Paint and coatings maker Valspar, based in Minneapolis, received the support of its shareholders Wednesday (June 29), as they voted to approve the proposed sale of the company to rival The S...


Quest Buy Buoys Valspar in Q2

Last year’s acquisition of Quest Specialty Coatings gave Valspar’s auto refinish line a boost in the second quarter of 2016, helping to offset lagging sales in other divisions.


FTC Reviews Acquisition

As part of The Sherwin-Williams Company’s pending acquisition of The Valspar Corporation, the companies have been asked to provide additional information and documentary material to federal ...


Sherwin-Williams, Valspar Make $11.3B Deal

In a deal valued at $11.3 billion, The Sherwin-Williams Company and The Valspar Corporation jointly announced that they have entered into a definitive agreement under which Sherwin-Williams ...


Sales, Volumes Decline in Valspar's Q1

While both sales and volumes took hits in Valspar's first quarter of fiscal 2016, the company says its Coatings segment is "well positioned for growth."


Coating Targets Flooring Manufacturers

Designed with industrial operations in mind, Valspar’s Wood Coatings business has introduced a new family of coatings made for North America flooring manufacturers.


Growth Strong for Valspar in 2015

Minneapolis-based Valspar Corp. has reported another record year with the release of its fourth-quarter earnings.


New Light Industrial Paints Debut

A new line of coatings designed for the professional painter includes paints and primers for light industrial applications.


Valspar's Q3 Leads to Adjusted Outlook

International paint and coatings manufacturer Valspar reported flat net sales in its coatings segment, as well as a slight decrease in paint segment net sales in its fiscal year 2015 third q...


Valspar Seeds Growth Amid Q2 Declines

MINNEAPOLIS—Industrial and coil coatings grew while paint sales stalled in Valspar's second fiscal quarter of 2015, the company reported Wednesday (May 27).


Bringing Color to 300M People

A new technology partnership and awareness campaign by Valspar Corp. aims to color the gray worlds of millions of people with colorblindness.


Coatings Drive Profitable Valspar Q1

Robust coating sales helped Valspar Corp. double its first-quarter profit over 2014, but the Minneapolis-based manufacturer still reduced its sales projections for the rest of fiscal 2015.


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.


 
 
   

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