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Sherwin-Williams said the deal had 'an enterprise value of about $11.3 billion.' A company spokesman was not immediately able to elaborate. Sherwin-Williams paint company to buy Valspar for $8.9B
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]
On July 6, 2011, Sherwin-Williams acquired Leighs Paints, based in Bolton UK, manufacturers of intumescent and high performance industrial coatings. [21] On June 4, 2012, Sherwin-Williams acquired Geocel Holdings Corp for an undisclosed amount. [22] Sherwin-Williams acquired the Valspar Corporation on March 20, 2016, for $11.3 billion. [23]
Wattyl was listed on the Australian Stock Exchange (ASX) from 1959, until it was delisted on 22 September 2010 when all the Company's shares were acquired by Valspar. Sherwin-Williams acquired Valspar in 2016, [2] and sold the Wattyl business to Hempel Group in 2021. [3] As of 25 May 2010 Wattyl employed over 1500 people in Australia and New ...
Glidden is an American paint brand, manufactured by PPG Industries. Glidden was purchased by British conglomerate ICI in 1986, which in turn was later acquired by Dutch conglomerate AkzoNobel in 2008. PPG Industries announced an agreement to acquire Glidden from AkzoNobel for $1.05 billion on December 14, 2012. The transaction closed April 1 ...
In 1872, Moore immigrated to the United States and settled in New York, N.Y. After working in the paint industry, Benjamin and his brother, William, founded Moore Brothers in 1883 with an initial investment of approximately $2,000. The company set up operations in a warehouse on Atlantic Avenue in Brooklyn and sold "Moore's Prepared Calsom Finish."
In 1986 focusses to paint and specialty products with the purchase of Beatrice's Chemicals Division and Glidden Paint. [17] In 1993 ICI demerged its bioscience business, splitting into two the publicly listed companies: ICI and Zeneca. The latter would later go onto merge with Astra AB, forming the current pharmaceutical company, AstraZeneca. [18]
Pratt & Lambert is a brand of architectural and industrial paint founded in 1849. It has been owned by Sherwin-Williams since 1995. The Pratt & Lambert company started in Buffalo, New York in 1849 as a maker of a drying agent for linseed oil paint. It was listed on the American Stock Exchange in 1905.
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