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Valspar was founded in 1806 as a paint dealership in Boston, Massachusetts. The Valspar name emerged in 1903 as the name of a clear varnish and became the company name in 1932. [citation needed] On March 20, 2016, Sherwin-Williams announced its intention to pay $9.3 billion to acquire Valspar. [5] The acquisition finalized on June 1, 2017. [6]
Krystal Mindeck, product director of paint, at Valspar Related: 3 Ways to Identify and Match Any Paint Color, According to Experts Reasons Your Paint Is Peeling
Sherwin-Williams said the deal had 'an enterprise value of about $11.3 billion.' A company spokesman was not immediately able to elaborate.
The Sherwin-Williams Company is an American paints and coatings company based in Cleveland, Ohio.It is primarily engaged in the manufacture, distribution, and sale of paints, coatings, floorcoverings, and related products with operations in over 120 countries. [2]
After visiting factories in Europe, he was inspired to work on coal tar-based products. He set up a laboratory in Chelsea, Massachusetts and his brother Godfrey joined him in 1882. They produced household disinfectant, sheep dip , wood preservatives , and shingle stain using coal tar that was a by-product of the gas works in Boston.
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