Sherwin-Williams to acquire Valspar

SWP-logoThe Sherwin-Williams Company and The Valspar Corporation have announced that they have entered into a definitive agreement under which Sherwin-Williams will acquire Valspar for approximately US$11.3 billion.

Sherwin-Williams and Valspar have complementary paints and coatings offerings and this combination enhances Sherwin-Williams position as a premier global paints and coatings provider, the companies say.

Valspar-logoThe transaction results in an exceptional, diversified array of strong brands and technologies, accelerates Sherwin-Williams growth strategy by expanding its global platform in Asia-Pacific and EMEA, and also adds new capabilities in the packaging and coil segments, the company adds.
The combined company would have pro forma 2015 Revenues and Adjusted EBITDA (including estimated annual synergies) of approximately US$15.6 billion and US$2.8 billion, respectively, with approximately 58,000 employees.

Sherwin-Williams will continue to be headquartered in Cleveland and intends to maintain a significant presence in Minneapolis.

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