Sherwin-Williams’ acquisition of Valspar Corp. in an $11.3 billion deal has the potential to redefine the paint and coatings industry on a global scale, according to some hardware executives, even as many industry followers prefer to take a wait-and-see approach.
Once completed — and it is not expected to be finalized until the first quarter of 2017 — Sherwin-Williams would become the industry’s largest paint company, overtaking PPG Industries and Akzo Nobel N.V. Prior to this deal, Sherwin-Williams had ranked No. 3 and Valspar No. 4.
The move comes as Valspar has taken a larger role in the paint offerings of Ace Hardware, and more recently, Memphis, Tennessee-based distributor Orgill. In March of this year, Orgill and Valspar teamed up to create a colorful store-within-a-store offering called the Paint Works....
Get the entire picture courtesy of HBS Dealer:
- ▼ 06/12 (5)
- ► 2015 (148)