Sherwin-Williams
Sales: $6.5 billion
Global Group
continues
to expand
Sherwin-Williams’ paint and
coatings sales in 2007 amounted to approximately $6.5 billion.
(The company’s ranking excludes estimated sales from non-paint items in
the Paint Stores Group and other
administrative items reported by the
company.)
brand of automotive specialty aerosol
coatings.
Company Facts:
The Sherwin-Williams Company
101 Prospect Ave, N. W.
Cleveland, OH 44115-1075 USA
Tel: (216) 566-2000; Fax: (216) 566-3670
www.sherwin.com
ProGreen 200 is Sherwin-Williams’ latest
addition to its portfolio of environmentally
friendly products, including Duration
Home low-VOC and Harmony zero-VOC
interior latex paints.
• 2007 SALES REVENUE: $6.5 billion
(2006 SALES: $6.3 billion)
• KEY PERSONNEL: Christopher Connor, chairman and CEO; John Morikis, Pres. and COO;
Robert Davisson, Pres. & GM, Southeastern div.,
Paint Stores Gr.; Timothy Drouilhet, Pres. & GM,
Eastern div., Paint Stores Gr.; Monty Griffin, Pres.
& GM, Mid Western div., Paint Stores Gr.; Thomas
Hablitzel, Pres. & GM, Automotive div., Global Gr.;
George Heath, Pres. & GM, Chemical Coatings
div., Global Gr.; Drew McCandless, Pres. & GM,
Paint & Coatings div., Consumer Gr.; Steven
Oberfield, Pres., Paint Stores Gr.; Cheri Phyfer,
Pres. & GM, Southwestern div., Paint Stores Gr.;
Harvey Sass, Pres. & GM, Diversified Brands div.,
Consumer Gr.; Alexander Zalesky, Pres. & GM,
International div., Global Gr.
PAINT STORES GROUP
Sales for the Paint Stores Group,
which serves North American architectural paint customers and industrial maintenance and marine coatings users, increased 2.3%. Sales in
certain areas were hurt by the downturn in new home construction and
existing home sales, however
demand in commercial construction
and maintenance markets and
industrial maintenance coatings
markets remained strong, the company reported.
During the year the group completed
the acquisitions of M.A. Bruder & Sons,
Inc., Philadelphia, PA, and Columbia
Paint & Coatings Co., Spokane, WA.
Also in 2007, the group opened 107
new paint stores boosting its store
count to 3,325 in the U.S. and Canada.
• MAJOR PRODUCTS: Architectural and decorative paint, stains and varnishes, wood finishing
products, caulks, adhesives, automotive finishes
and industrial and marine coatings.
• 2007 ACQUISITIONS: M.A. Bruder and
Columbia Paint in the U.S.; Pinturas in Uruguay;
Napko and Flex Recubrimientos in Mexico; and
Nitco in India.
CONSUMER GROUP
Sales for the Consumer Group, which
supplies branded and private label
products to retailers throughout
North America and supports the Paint
Stores Group, decreased 3.9% in 2007
due to sluggish DIY sales, the company said. Of roughly 56,000 retail outlets in the U.S. that sell coatings or
related products, about 35,000 offer
one or more product lines manufactured by the Consumer Group and
include popular brands such as Dutch
Boy, Pratt & Lambert, Minwax and
Thompson’s WaterSeal.
In September, the Consumer Group
completed the acquisition of the VHT
GLOBAL GROUP
Sales for the Global Group rose 8.7%
during 2007. In addition to well-established operations in countries like
Brazil, Argentina, Chile and Mexico,
Sherwin-Williams continues to extend
its reach around the globe. During the
year it added 50 new paint stores,
automotive finishes branches and
OEM finishes facilities, bringing its
total to 519.
The Global Group was very active on
the acquisition front in 2007, completing four acquisitions. It acquired Nitco
Paints, a manufacturer and distributor
of architectural coatings in Mumbai,
India, and represents Sherwin-Williams’ entry into the Indian market. The company also acquired
Pinturas Industriales, and industrial
paint company headquarted in
Montevideo, Uruguay and NAPKO, an
industrial maintenance coatings company in Monterrey, Mexico. At the end
of the year, it also acquired Flex
Recubrimientos, Acabados Auto-motrices and related companies also in
Monterrey, Mexico.
