Company type | Subsidiary |
---|---|
NYSE: VAL | |
Industry | Coatings |
Founded | Boston, Massachusetts (1806 ) |
Founder | Samuel Tuck Lawson Valentine Henry Valentine |
Headquarters | Minneapolis, Minnesota |
Key people | Gary Hendrickson (President, Chief executive officer) James Muehlbauer (Chief financial officer, Chief administrative officer) |
Products | Paint Varnish |
Revenue | US$4.191 billion (2016)[1] |
US$529.0 million (2016)[1] | |
US$353.0 million (2016)[1] | |
Total assets | US$4.315 billion (2016)[1] |
Total equity | US$1.113 billion (2016)[1] |
Number of employees | 11,083 (2016)[1] |
Parent | Sherwin-Williams |
Subsidiaries | House of Kolor Huarun Paints Plasti-kote Cabot Stains |
Website | https://www.valspar.com/ |
Footnotes / references [2][3] |
The Valspar Corporation is an American manufacturer of paint and coatings based in Minneapolis, Minnesota. With over 11,000 employees in 26 countries and a company history that spans two centuries, it was the sixth largest paint and coating corporation in the world.[4] Valspar was founded in 1806 as a paint dealership in Boston, Massachusetts. The Valspar name emerged in 1903 as the name of a clear varnish and became the company name in 1932.[citation needed]
On March 20, 2016, Sherwin-Williams announced its intention to pay $9.3 billion to acquire Valspar.[5] The acquisition finalized on June 1, 2017.[6]