YEAR ESTABLISHED: 1806
REVENUE: $4.2 billion
(2015: $4.4 billion)
Architectural coatings; General industrial; Coil coatings; Wood coatings; Automotive refinish
Gary Hendrickson, chairman and CEO; Jim Muehlbauer, EVP and CFO; Howard Heckes, EVP and President, Global Coatings; Les Ireland, EVP and president, Global Consumer Paints; Cynthia Arnold, SVP, Chief Technology Officer; Sam Shoemaker, SVP Global Packaging, Packaging Coatings; Joao Benites, SVP, Global Coil, Coil Coatings; Greg Wagner, SVP, Global General Industrial, General Industrial Coatings; and Brent Jewell, VP and GM Global Performance Coatings, Wood Coatings.
In 2016, CEO Gary Hendrickson reported, “Valspar delivered another year of what matters to our customers, shareholders, employees and the communities we serve. At Valspar, we create value and achieve strong financial results by investing in differentiated technologies, producing high-quality products, building brands consumers trust, and providing outstanding customer service.”
In 2016, Valspar won new business in every Coatings product line. In Packaging, Valspar is the global leader and continues to drive the market in non-BPA coatings. During 2016, Valspar received excellence awards from several packaging customers for the best quality products and technical service.
In Packaging Coatings, Valspar is also an innovator and leader. An example is valPure V70, the first non-BPA series of can coatings that match the performance benefits of BPA-based coatings. valPure V70 is a breakthrough in epoxy technology for light metal packaging for food and beverage manufacturers looking for industry-standard performance from a non-BPA solution.
In architectural coil and extrusion coatings, Valspar announced the completion of the ISVA Vernici acquisition, a European coil coatings manufacturer headquartered in Turin, Italy. The ISVA acquisition extends Valspar’s manufacturing footprint in Europe and brings customers an expanded product offering and increased customer service capabilities.
At the recent MetalCon 2016 in Baltimore, Maryland, Valspar highlighted its two new Fluropon family of coatings, Fluropon Pure and Fluropon Extreme, and a new Fluropon Effects color palette, Rustica.
The Valspar portfolio of brands is available in more than 20,000 points of distribution worldwide. Together with its retail partners, Valspar is driving sales and building a loyal following for Valspar brands through best-in-class retail service, new product innovation, and world-class marketing and merchandising support.
According to the firm, in North America, Valspar is making it easier than ever for seasoned do-it-yourself enthusiasts and novices alike to tackle interior and exterior home improvement projects with the launch of its Valspar 2016 Colors of the Year, four trend palettes defined as Comfort Zone, Simply Perfect, You Do You and Good Company. Valspar developed a custom hub on Purewow.com complete with video of Valspar Color Ambassador, Genevieve Gorder, at home in her New York City studio.
Cabot launched a new luxurious finish, Cabot Gold, that blurs the lines between indoor and outdoor living with features that give homeowner’s what they really want – beauty, according to the company. The new Cabot Woodcare stain product is perfect for decks and outdoor furniture.
Valspar Paint also launched an innovative interactive consumer paint resource dedicated to delivering the highest caliber of personalized service to do-it-yourselfers.
AskVal.com is a paint industry pioneer in color exploration and color selection, offering an unprecedented collection of complementary tools to guide the color decision process including a first-of-its-kind Pinterest Analyzer, free expert design advice, color matching, color personality quiz and free paint chip delivery.
Internationally, Valspar continued to grow its business through the extension of its brands and channels of distribution and new retail partnerships. In the UK, The Valspar Consumer team has launched a line of paint sundries and supplies in all 330 B&Q retail home improvement stores. The product line includes brushes, a mini roller set, 9-inch roller set, and masonry and emulsion roller sleeves.
“Our strong tradition of community involvement plays a significant role in employee satisfaction, and we are proud to provide grants and volunteer opportunities focused on strengthening communities. As the national paint partner for Habitat for Humanity, Valspar donates paint for every Habitat home built or restored in the United States. To date, Valspar has provided over two and a half million gallons of paint, and our employees have logged thousands of hours of volunteer time.
New Product Launches in 2016
• 2016 Colors of the Year
• Cabot Gold exterior stain
• valPure V70
• Octoral C450 Scratch Resistant Rapid Repair Clear
• Fluropon Effects new Rustica color family
• House of Kolor’s Urethane Flat Clear, a low-VOC, flat finish clear coat that can be used over all solvent-based basecoats
• DeBeer Refinish’s non-sanding primer.