“Expanding our Minneapolis R&D center is a prime example of Valspar’s global leadership in coatings innovation and technology,” said Gary Hendrickson, chairman and chief executive officer of Valspar. “We will devote more resources toward developing differentiated coatings technologies to address the changing needs of our customers. Our scientists and researchers will have access to a best-in-class facility to more quickly and efficiently bring these solutions to market.”
The Minneapolis campus is the anchor of the company’s research and development network worldwide, collectively called the Valspar Applied Science and Technology Centers (VAST). The company operates a second flagship R&D facility recently opened in Guangzhou, China as well as more than three dozen smaller laboratories around the world. Together, these facilities enable Valspar’s research and development teams to drive the development of new products, solve customer and manufacturing challenges, develop polymers with unique performance and value, and establish new test protocols to ensure quality. The R&D center in Minneapolis will also enable Valspar to expand its partnerships with highly regarded research institutions and universities, providing co-operative internships and equipment sharing, including the University of Minnesota.
“Expansion of the VAST center affirms Valspar’s commitment to advance the scientific foundation in the coatings industry and apply technical principles to deliver innovation and value,” said Cynthia Arnold, senior vice president and chief technology officer for Valspar. “The expanded campus will enable research and development at the highest level as well as create the right environment for customer and supplier collaboration for new coatings technologies.”