PaintSquare.com
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram Visit the TPC Store
Search the site

 

Advertisement

Sherwin-Williams


Coatings Industry News

Main News Page


Valspar Says ‘Ciao, Europa’

Monday, August 5, 2013

More items for Coating Materials
More items from Europe; North America

Comment | More

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 has sealed its deal to buy Inver Holding S.r.l. (Inver Group), a leading industrial coatings manufacturer in Europe, the company announced Thursday (Aug. 1).

Founded in 1806, Valspar Corp. is the world's sixth-largest paint and coatings company. Inver, headquartered in Italy, specializes in liquid and powder coatings as well as resin productsused in industrial applications.

Valspar Corp.
Valspar Corp.

Valspar Corp., headquartered in Minneapolis, MN, acquired European industrial coatings manufacturer Inver Group, the company announced on Thursday (Aug. 1).

Financial terms of the transaction were not disclosed.

Accelerating Growth

"We're excited to welcome the Inver team into the Valspar family and look forward to accelerating our growth in the large European industrial coatings market," said Gary Hendrickson, Valspar's chairman and CEO.

"Our customers will benefit from the combined resources of both companies, giving them access to expanded technologies, a broader product portfolio and superior service."

Giovanni Domenichini, Inver's CEO, will lead Valspar's combined industrial business in Europe.

"We believe this combination is an important step toward developing a market leading presence in Europe that also will be a platform for truly superior global growth in our industrial coatings businesses," Domenichini said when the acquisition was announced in June

"Our family has proudly owned Inver, and we are now proud to join the Valspar family."

About the Companies

Inver's primary markets are currently in Italy, the United Kingdom, France, Germany and Poland, but the company also has various licensing and distribution agreements with Sherwin-Williams, PPG Industries and other coating makers, according to its company history.

Inver also had interests in companies that were later absorbed by Rohm & Haas, AkzoNobel and International Paint. The company operates three subsidiaries and five manufacturing sites in Europe.

In 2012, the Inver Group reported sales of €160 million ($200 million USD).

Headquartered in Minneapolis, MN, Valspar is a global manufacturer of paints and coatings, including consumer, architectural, packaging, industrial, automotive and wood coatings.

   

Tagged categories: Acquisitions; AkzoNobel; Architectural coatings; Coating Business; Coatings manufacturers; International Paint; Powder coatings; PPG; Resins; Rohm and Haas; Sherwin-Williams; Valspar

Comment from Flavio Visioli, (8/6/2013, 6:10 AM)

I think the new italian acquisition by Valspar will be in the next years very very intersting. I remember the acquisitions in the years 1966/67 acquisitions of the Socony Paints from Mobil Oil in the years 1967(68 about. For me was been a very big surprise ,because Valspar this acquisition was been very expensive for Valspar it for me young director of a new factory of heavy high maintenance coatings a new aspect because one not big company went buyng a very big Company of Mobil Oil . It was for me very difficult to understand.Every years my interest was what to see the developemnt of Valspar that has been always continous with other acquisitions ,until to produce with succesfull paints for aircrafts. aircrafts.I have always hoped to work after 15 years of experiece with Sigma Coatings to work whit an american Company.We have had a big opportunity with Carboline ,but after 3 years,when arrived in Milan for to signed the contract all is falled - I have knew in Saint Louis in 81 mr Sullivan ,my tutos was Mr Tylor. When you open the offices in Belgium i Think now Valspar arrive in Europe and it is arrived.Good Luck Valspar Good Luck Domenichini family -


Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
International Paint/AkzoNobel
 
Chartek 2218
 
Chartek 2218 is an epoxy PFP system for UL1709 installations offering one coat rapid cure application enabling improved production rates & reduce overall costs.
 

 
Mitsubishi Gas Chemical America
 
Performance Amine 1,3-BAC
 
A highly reactive cycloaliphatic diamine offering superior performance. Reasonable cost and curing efficacy makes it suitable for all types of epoxy resin applications.
 

 
Carboline Company
 
New product: Carbozinc® 608 HB
 
Introducing a new high build zinc-rich primer that can save you time and money by eliminating the epoxy intermediate coat!
 

 
SABRE Autonomous Solutions
 
Safety
 
Removing blasting operators from harmful environments is our key objective.
 

 
BASF
 
New resins from BASF will have metals loving water!
 
Excellent corrosion resistance, low VOC, high gloss, thin films www.basf.us/industrialcoatings dpsolutions@basf.com 800-231-7868
 

 
Jotun Paints Inc.
 
Jotun Jotachar 1709
 
Mesh-free passive fire protection epoxy designed to protect against hydrocarbon pool fire scenarios for up to four hours as defined in the ANSI/UL1709 standard.
 

 
ARC / A.W. Chesterton Company
 
Corrosion Resistant Coating
 
ARC HT-S incorporates fine graded sizes of reinforcement which contributes to its excellent permeation resistance, resistance to cold-wall delamination, and resistance to thermal-mechanical shock
 

 
WINOA Group
 
Premium products for your blasting needs
 
Ready to use steel grit abrasives developed specially for air blasting applications.
 

 
NLB Corporation
 
NLB Sure Shroud: Greater Protection and Flexibility
 
NLB’s Sure Shroud’s lighter weight and flexibility reduces operator fatigue and offers unmatched protection against high pressure hose ruptures. 10k to 40k psi rated.
 

 
SAFE Systems, Inc.
 
Enduroguard -
The Tough Cable
for a Tough Industry.
 
Reduce maintenance costs and down time, increase job site safety with Enduroguard Cable. Available exclusively from SAFE Systems. UL listed, flexible, abrasion resistant and cut resistant.
 

 
 
 

Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@paintsquare.com


The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 
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   |   Support   |   Site Map   |   Search   |   Contact Us