M&A Deal Summary

Sherwin-Williams Acquires The Valspar

On March 20, 2016, Sherwin-Williams acquired chemicals company The Valspar for 11.3B USD

Acquisition Highlights
  • This is Sherwin-Williams’ 10th transaction in the Chemicals sector.
  • This is Sherwin-Williams’ largest (disclosed) transaction.
  • This is Sherwin-Williams’ 7th transaction in the United States.
  • This is Sherwin-Williams’ 1st transaction in Minnesota.

M&A Deal Summary

Date 2016-03-20
Target The Valspar
Sector Chemicals
Buyer(s) Sherwin-Williams
Deal Type Add-on Acquisition
Deal Value 11.3B USD
Advisor(s) Goldman Sachs
BofA Securities (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

The Valspar

Minneapolis, Minnesota, United States
website
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.

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Buyer(S) 1

Buyer

Sherwin-Williams

Cleveland, Ohio, United States

website


Category Company
Founded 1866
Sector Chemicals
Employees61,031
Revenue 22.1B USD (2022)
DESCRIPTION
Sherwin Williams retail store in Westchester, Illinois.
Sherwin Williams retail store in Westchester, Illinois.

Sherwin-Williams is engaged in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America with additional operations in the Caribbean region, Europe and Asia. Sherwin-Williams was founded in 1866 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 12 of 16
Sector (Chemicals) 10 of 14
Type (Add-on Acquisition) 10 of 12
State (Minnesota) 1 of 2
Country (United States) 7 of 8
Year (2016) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-16 Consorcio Comex S.A. de C.V. - US/Canada Operations

Mexico City, Mexico

Comex operations in the U.S. and Canada consist of 314 company operated stores – 234 in the U.S. and 80 in Canada – and eight manufacturing sites – five in the U.S. and three in Canada. In addition, Comex supplies paint and coatings products to approximately 1,500 external retail locations in Canada. The company manufactures and sells products under well-respected brands such as Frazee®, Kwal®, Parker Paints®, General Paints™, Color Wheel® and Para®.

Buy $165M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 Tennant Coatings

Golden Valley, Minnesota, United States

Tennant Coatings is a designer and manufacturer of indoor and outdoor coatings systems for a variety of applications and industries. Tennant Coatings is based in Golden Valley, Minnesota.

Buy -