Valspar reported that third-quarter sales rose ten percent to $797 million, from $727 million in the same period last year. Earnings rose 13% for the period to $52.6 million from $45.7 million.
The company recently completed the acquisition of an 80% stake in Hong Kong-based Huarun Paints Holdings, maker of wood, furniture and architectural coatings, for $290 million.
Being a formulator is becoming much more difficult in light of increased regulatory pressures on common raw materials.
Formulators who develop coatings based on oxidatively cured (alkyd) binders face major regulatory obstacles for two key in…