• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Additives Update

    Pigment Supplier Directory

    Interior Architectural Coatings

    Biocides Update

    Powder Coatings Market
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Video Bites
    Raw Materials & Equipment
    Suppliers News
    Live From Shows
    Top News
    BCF CEO to Chair Royal Society of Chemistry Surface Coatings Interest Group

    PPG Donates Coatings, Sealants to Help Restore Douglas C-54 Skymaster Aircraft

    Mankiewicz Announces Leadership Change in Aviation Division

    AkzoNobel Attains Top Employer Status

    PPG Reports Q4, Full-year 2020 Financial Results
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    PPG Donates Coatings, Sealants to Help Restore Douglas C-54 Skymaster Aircraft

    Mankiewicz Announces Leadership Change in Aviation Division

    AMETEK Brookfield Opens Media Room at US HQ

    AkzoNobel Supplying Powder Coatings for Landmark Water Pipeline in China

    Vacuum-rated Double Cone Tumble Blenders From ROSS
    Additives
    Binders
    Pigments
    Solvents

    Active Minerals Announces Shipping Container Surcharge

    Huntsman Finalizes Acquisition of Gabriel Performance Products

    LANXESS Acquires Biocides Specialist INTACE

    dar-tech, inc. Becomes U.S. Midwestern Distributor for ZS Interpolymer

    OQ Chemicals Announces Carboxylic Acids Price Increase
    Buyers Guide
    Company Capabilities
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Shepherd Color Company, The

    Siltech Corporation

    Pilot Chemical Company

    ROSS Mixers

    Keim Additec Surface USA LLC
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    The Waterborne Symposium (2021)

    Cleveland Coatings Society Zoom Meeting

    Surface Finishing Mexico 2021

    Cleveland Coatings Society Zoom Meeting

    Cleveland Coatings Society Zoom Meeting
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Eagle Specialty Products

    Active Minerals

    Siltech Corporation

    ROSS Mixers

    Shepherd Color Company, The
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Axalta Coating Systems to Acquire Valspar's North American Industrial Wood Coatings Business

    ...

    Related CONTENT
    • Peter Möhrle Holding Acquires Klumpp Coatings
    • Sherwin-Williams Introduces 2021 Colormix Trend Forecast for Industrial Wood Markets
    • AkzoNobel’s Chemcraft Brand Releases Smooth New Surfacing Product
    • Axalta Introduces Wood Vibes: Mood
    • Axalta Completes Acquisition of Valspar’s North American Industrial Wood Coatings Business
    04.12.17
    Axalta Coating Systems has entered into a definitive agreement with The Valspar Corporation  and The Sherwin-Williams Company  to acquire the assets related to Valspar’s North American Industrial Wood Coatings business for $420 million in cash. Valspar is divesting the business in connection with the reviews by the Federal Trade Commission (FTC) and Canadian Competition Bureau (CCB) of the proposed acquisition of Valspar by Sherwin-Williams. The business had revenues of approximately $225 million in 2016 and is one of the leading providers of coatings for OEM and aftermarket Industrial Wood markets, including building products, cabinets, flooring and furniture in North America.

    Known in the market today as Valspar Wood, the business has a number of widely known and respected brands including Zenith®, Lustre Lac™ and Graintone™, among others. These products are backed by a strong R&D and technology organization and best-in-class customer service.

    “This is an outstanding opportunity for Axalta to enter the large Industrial Wood Coatings market with an industry-leading portfolio of products and customers,” said Axalta chairman and CEO, Charlie Shaver. “The strong reputation enjoyed by these brands among a long-term customer base will provide an excellent platform for future growth in this important market. Our shared commitment to technology and excellence in application services, as well as a strong pipeline of new products, will enable us to meet the needs of both current and new customers. This acquisition continues to build on our strategy to strengthen and further diversify our Performance Coatings segment.”

    Axalta intends to operate this business as a pure bolt-on. As part of the transaction, Axalta will acquire the personnel, both dedicated manufacturing sites, R&D assets and the underlying intellectual property of Valspar’s North American Industrial Wood Coatings business. The transaction is subject to the closing of the Valspar and Sherwin-Williams merger, as well as customary closing conditions and regulatory approvals, including the approval of the FTC and the CCB. Axalta has secured a financing commitment for the transaction through Deutsche Bank AG New York Branch, subject to customary closing conditions. Centerview Partners LLC acted as financial advisor to Axalta.
    Related Searches
    • coatings
    • industrial
    • merger
    • valspar
    Related Knowledge Center
    • Wood Coatings
    Suggested For You
    Peter Möhrle Holding Acquires Klumpp Coatings Peter Möhrle Holding Acquires Klumpp Coatings
    Sherwin-Williams Introduces 2021 Colormix Trend Forecast for Industrial Wood Markets Sherwin-Williams Introduces 2021 Colormix Trend Forecast for Industrial Wood Markets
    AkzoNobel’s Chemcraft Brand Releases Smooth New Surfacing Product AkzoNobel’s Chemcraft Brand Releases Smooth New Surfacing Product
    Axalta Introduces Wood Vibes: Mood Axalta Introduces Wood Vibes: Mood
    Axalta Completes Acquisition of Valspar’s North American Industrial Wood Coatings Business Axalta Completes Acquisition of Valspar’s North American Industrial Wood Coatings Business
    Sherwin-Williams Gets Regulatory Approval to Finalize Valspar Acquisition Sherwin-Williams Gets Regulatory Approval to Finalize Valspar Acquisition
    The Sherwin-Williams Company Commences Exchange Offers and Consent Solicitations The Sherwin-Williams Company Commences Exchange Offers and Consent Solicitations
    Valspar Case Study:Brigham Young University’s College of Life Sciences Building Showcases Renovation Valspar Case Study:Brigham Young University’s College of Life Sciences Building Showcases Renovation
    Axalta Continues Partnership with Philadelphia Eagles Recognizing Outstanding STEM Teachers Axalta Continues Partnership with Philadelphia Eagles Recognizing Outstanding STEM Teachers
    Sherwin-Williams and Valspar Extend Term of Merger Agreement Sherwin-Williams and Valspar Extend Term of Merger Agreement
    Valspar Case Study: Coated Metal Panels Add To Wavy Exterior At UC-Riverside Valspar Case Study: Coated Metal Panels Add To Wavy Exterior At UC-Riverside
     Pittsburgh’s East End Welcomes Luxury Apartment Coated in Valspar’s Fluropon Pittsburgh’s East End Welcomes Luxury Apartment Coated in Valspar’s Fluropon
    Seneca Foods, Valspar Debut valPure Can Linings in Flagship Libby Seneca Foods, Valspar Debut valPure Can Linings in Flagship Libby's Brand Canned Vegetables
    American Coatings Association Shares its Federal Priorities with Incoming Administration American Coatings Association Shares its Federal Priorities with Incoming Administration
    Coil Coatings Market Expected to be Worth $6.83 Billion by 2024 Coil Coatings Market Expected to be Worth $6.83 Billion by 2024

    Related Breaking News

    • Breaking News | Paint & Coatings Manufacturer News | Wood Coatings
      Old Masters Launches New Look for Wiping Stain, Gel Stain

      Old Masters Launches New Look for Wiping Stain, Gel Stain

      New label designs feature updated product messaging and the addition of a color swatch for quick color recognition.
      Coatings World staff 12.01.20

    • Breaking News | Paint & Coatings Manufacturer News | Wood Coatings
      Sansin Adorns Western Archrib Glulam Pieces on University of Oregon Track & Field Facility

      Sansin Adorns Western Archrib Glulam Pieces on University of Oregon Track & Field Facility

      ...
      Coatings World staff 11.25.20

    • Breaking News | Paint & Coatings Manufacturer News | Powder Coatings | Wood Coatings
      PPG Introduces PPG ENVIROCRON HeatSense Powder Coating for Heat-sensitive Wood Composite

      PPG Introduces PPG ENVIROCRON HeatSense Powder Coating for Heat-sensitive Wood Composite

      New coating complements latest advances in low-temperature cure technology.
      Coatings World staff 11.24.20


    • Additives | Breaking News | Suppliers Corner | Wood Coatings
      BASF Introduces Portfolio for Protective Wood Grain Enhancement

      BASF Introduces Portfolio for Protective Wood Grain Enhancement

      New Joncryl 953X portfolio with five acrylic dispersions for furniture & floor coatings.
      Coatings World staff 11.24.20

    • Breaking News | Color Trends & Forecast | Paint & Coatings Manufacturer News | Wood Coatings
      Sherwin-Williams Introduces 2021 Colormix Trend Forecast for Industrial Wood Markets

      Sherwin-Williams Introduces 2021 Colormix Trend Forecast for Industrial Wood Markets

      Sherwin-Williams Global Color & Design Center experts forecast wood finishes that reflect nature’s rhythm of color.
      Coatings World staff 10.22.20

    • Breaking News | Product news | Wood Coatings
      AkzoNobel’s Chemcraft Brand Releases Smooth New Surfacing Product

      AkzoNobel’s Chemcraft Brand Releases Smooth New Surfacing Product

      ...
      Coatings World staff 10.22.20


    • Breaking News | Product news | Wood Coatings
      AkzoNobel Releases 100% UV Cured Wood Coatings

      AkzoNobel Releases 100% UV Cured Wood Coatings

      ...
      Coatings World staff 10.15.20

    • Breaking News | Color Trends & Forecast | Paint & Coatings Manufacturer News | Wood Coatings
      Axalta Introduces Wood Vibes: Mood

      Axalta Introduces Wood Vibes: Mood

      ...
      Coatings World staff 09.14.20

    • Breaking News | People in the News | Wood Coatings
      Jeff Takac Joins CIC Coatings as VP of Sales, North America

      Jeff Takac Joins CIC Coatings as VP of Sales, North America

      ...
      Coatings World staff 08.04.20


    • Binders | Breaking News | Suppliers Corner | Wood Coatings
      EPS Launches New Line of Resins for Industrial Wood Coatings

      EPS Launches New Line of Resins for Industrial Wood Coatings

      ...
      Coatings World staff 07.07.20

    • Breaking News | Wood Coatings
      Axalta Expands Imron Industrial Portfolio in North America

      Axalta Expands Imron Industrial Portfolio in North America

      ...
      Coatings World staff 06.24.20

    • Breaking News | Paint & Coatings Manufacturer News | Wood Coatings
      HMG Launches Fence & Shed Paint

      HMG Launches Fence & Shed Paint

      ...
      Coatings World staff 06.12.20


    • Breaking News | Paint & Coatings Manufacturer News | Wood Coatings
      Horizon Forest Products Teams With AkzoNobel’s Chemcraft Brand

      Horizon Forest Products Teams With AkzoNobel’s Chemcraft Brand

      AkzoNobel, manufacturer of the Chemcraft brand of Industrial Wood Coatings, announces that Horizon Forest Products joined its growing distribution network.
      Coatings World staff 06.04.20

    • Breaking News | Paint & Coatings Manufacturer News | Wood Coatings
      OnPace Finishing Solutions, AkzoNobel’s Chemcraft Brand Team Up

      OnPace Finishing Solutions, AkzoNobel’s Chemcraft Brand Team Up

      ...
      Coatings World staff 05.20.20

    • Breaking News | Paint & Coatings Manufacturer News | Wood Coatings
      Old Masters Launches New Look for Fast Dry Stain

      Old Masters Launches New Look for Fast Dry Stain

      ...
      Coatings World staff 05.01.20

    Trending
    • BASF Begins Implementing Ralignment Of Global Business Services Unit
    • New Strategy Sets Hempel On Path To Leadership Positions
    • Benjamin Moore Bringing Products To Wider Audience With UK Acquisition
    • AkzoNobel Attains Top Employer Status
    Breaking News
    • BCF CEO to Chair Royal Society of Chemistry Surface Coatings Interest Group
    • PPG Donates Coatings, Sealants to Help Restore Douglas C-54 Skymaster Aircraft
    • Mankiewicz Announces Leadership Change in Aviation Division
    • AkzoNobel Attains Top Employer Status
    • PPG Reports Q4, Full-year 2020 Financial Results
    View Breaking News >
    CURRENT ISSUE

    January 2021

    • Additives Update
    • Pigment Supplier Directory
    • Interior Architectural Coatings
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Clinical Evidence Suggests Potential Oral Benefits for Curcumin Extract
    Oleic Acid Possibly Implicated in MS Pathology
    NIH Study Compares Low-Fat, Plant-Based to Low-Carb, Animal-Based Diet
    Coatings World

    Latest Breaking News From Coatings World

    APV Engineered Coatings Reflects on 2020
    LINE-X Launches Dealer Program with International Truck
    BCF CEO to Chair Royal Society of Chemistry Surface Coatings Interest Group
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Alleviant's Transcatheter Tech Obtains Breakthrough Status
    Signia Appoints New President
    At-Home COVID-19 Test Kits Boosts Disease Monitoring Capabilities
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Civica to Build an Essential Medicines Manufacturing Facility in Virginia
    Humanigen, Emergent Enter Covid-19 Partnership
    Samsung Bioepis Opens New Headquarters
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Fitglow Beauty Wins Big at Annual Dirty Thinker’s Choice Awards
    e.l.f. Cosmetics Unveils Mint Melt Collection
    Estée Lauder Companies Updates Supply Chain Leadership
    Happi

    Latest Breaking News From Happi

    Wellness Brand Partners with Kate Upton
    Some Good News at Inter Parfums
    Professional Beauty Association Names New Executive Director
    Ink World

    Latest Breaking News From Ink World

    Paragon Expands Direct Mail Capabilities with Ricoh Pro VC70000
    BOBST Demonstrates Future of Flexible Packaging Production at Virtual Open House
    Morancé Soudure France Adds Comexi F2 MC 10-color Flexo Press
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    VPF launches deep-freeze adhesive
    ProMach strengthens flexible packaging business
    Gallus planning virtual event for March
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Kimberly-Clark Releases Q4, Full Year Results
    Freudenberg to Establish Apparel Interlining Competence Centers
    Minet Adds Spunlace Line in Romania
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    First Patient Implanted With NEXXT MATRIXX SA Cervical Turn-Lock System
    Cretex Companies CEO Steps Down
    Conformis Enters Development & Supply Agreement with SITES Medical
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    First Solar Signs Definitive Agreement to Sell US Development Platform to Leeward
    Imec Technology Taking Off to Space
    North American Semiconductor Equipment Industry Posts December 2020 Billings

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login