Add-on Acquisition • Chemicals

Sherwin-Williams Acquires The Valspar

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

Acquisition Context

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.

Explore All 1513 Add-on Acquisition Chemicals Deals - Search the Database Free

M&A Deal Summary
Date	March 20, 2016
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 Company

The Valspar

Minneapolis, Minnesota, United States

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.

Explore More Deals

Browse All 215,158 Deals

FILTER BY

Buyer Type (PE or Strategic)
Deal Size ($10M to $10B+)
Sector (60 Sectors)
Deal Type
Geography
& More

Search Free

Buyer Overview 1

Buyer

Sherwin-Williams

Cleveland, Ohio, United States

Category	Company
Founded	1866
Sector	Chemicals
Employees	64,088
Revenue	23.1B USD (2024)

DESCRIPTION

Sherwin Williams retail store in Westchester, Illinois.

Sherwin-Williams provides 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 Context for Buyer	#
Overall	12 of 17
Sector: Chemicals	10 of 15
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 6

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

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	-

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

Explore Related M&A Activity

Chemicals M&A - Add-on Acquisition M&A Deals - Minnesota M&A - United States M&A - 2016 M&A