M&A Deal Summary

Axalta Acquires The Valspar - Industrial Wood Coatings business

On April 12, 2017, Axalta acquired chemicals company The Valspar - Industrial Wood Coatings business from The Valspar for 420M USD

Acquisition Highlights
  • This is Axalta’s 7th transaction in the Chemicals sector.
  • This is Axalta’s 2nd largest (disclosed) transaction.
  • This is Axalta’s 6th transaction in the United States.

M&A Deal Summary
Date 2017-04-12
Target The Valspar - Industrial Wood Coatings business
Sector Chemicals
Buyer(s) Axalta
Sellers(s) The Valspar
Deal Type Divestiture
Deal Value 420M USD

Target

The Valspar - Industrial Wood Coatings business

United States
The Valspar Corp. - Industrial Wood Coatings business is a provider of of coatings for OEM and aftermarket Industrial Wood markets, including building products, cabinets, flooring and furniture in North America.

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Buyer(S) 1

Buyer

Axalta

Glen Mills, Pennsylvania, United States
Category Company
Founded 1866
Sector Chemicals
Employees12,000
Revenue 5.2B USD (2023)
DESCRIPTION
Axalta's corporate headquarters in downtown Philadelphia.
Axalta's corporate headquarters in downtown Philadelphia.

Axalta is a global manufacturer, marketer and distributor of advanced coating systems primarily for the transportation industry. The company comprises four segments: refinish, OEM, industrial liquid and powder. Axalta operates manufacturing sites on six continents, serving customers in 120 countries directly and through 4,000 distributors. Axalta Coating Systems was incorporated in 1866 and is based in Glen Mills, Pennsylvania.

DEAL STATS #
Overall 9 of 15
Sector (Chemicals) 7 of 13
Type (Divestiture) 2 of 4
Country (United States) 6 of 7
Year (2017) 3 of 5
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 Century Industrial Coatings

Jacksonville, Texas, United States

Century Industrial Coatings is a manufacturer of high performance industrial coatings for structural steel, oil and gas, rail cars and other OEM applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-22 Spencer Coatings Group

Aberdeen, United Kingdom

Spencer Coatings Group Ltd. is a manufacturer of high performance industrial coatings for heavy-duty equipment, general industrial, oil and gas, and glass coatings segments. Spencer Coatings was founded in 1909 and is based in Aberdeen, United Kingdom.

Buy -

Seller(S) 1

SELLER

The Valspar

Minneapolis, Minnesota, United States
Category Company
Founded 1806
Sector Chemicals
Employees11,130
Revenue 4.4B USD (2015)
DESCRIPTION
Science and technology building on Valspar's corporate campus in downtown Minneapolis, Minnesota.
Science and technology building on Valspar's corporate campus in downtown Minneapolis, Minnesota.

The Valspar Corp. is a provider of paints and coatings products for the consumer market as well as highly-engineered coating products and solutions for the construction, industrial, packaging and transportation markets. Valspar was formed in 1806 and is headquartered in Minneapolis, Minnesota.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-10 ISVA Vernici

Orbassano, Italy

ISVA Vernici is a paint manufacturer.

Buy -
Mergr

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