Valspar
Sales: $3 billion
Driving growth
initiatives
Valspar’s Coatings segment—
includes packaging, general
industrial, coil and wood operations—posted sales of $1.9 billion in
2007. The Paints segment—includes
architectural and auto refinish operations—posted sales of $1.1 billion.
Combining for $3 billion in sales in 2007
growth was driven primarily by strong
performance of acquisitions and international operations. Difficult market
conditions in the U.S. housing sector
restricted the company’s sales in that
region.
wood coatings for the Chinese domestic and export markets. Valspar is also
using Huarun’s distribution and retail
network to distribute its automotive
refinish products in China.
In Latin America, Valspar’s operations are focused on growth opportunities in Brazil and Mexico where it is
the market leader in packaging and
coil coatings. Valspar is also a significant market participant in coil in
Northern Europe, with a strong platform for growth in the emerging markets of Russia, Central and Eastern
Europe and the Baltic States.
Company Facts:
The Valspar Corporation
1101 Third Street South
Minneapolis, MN 55415 USA
Tel: (612) 332-7271; Fax: (612) 375-7723
www.valspar.com
• 2007 SALES REVENUE: $3 billion
(2006 SALES: $2.8 billion)
• KEY PERSONNEL: William Mansfield, chairman, president and CEO; Kenneth Arthur, group VP;
Kathleen Bass, VP; J.R. Benites, VP; Anthony
Blaine, senior VP; Larry Brandenburger, VP; Al
Dunlop, VP; Rolf Engh, executive VP; Steven Erdahl,
executive VP; Brian Falline, VP; Andrew Hecker, VP;
Gary Hendrickson, senior VP; Thomas Kelliher, VP;
Steven Lindberg, VP; Donald Nolan, senior VP;
Bernard Ouimette, VP; Steven Person, VP; Paul
Reyalts executive VP and CFO; Lori Walker, VP.
GROWTH INITIATIVES
As part of its growth strategy Valspar
has dedicated itself to building the
Valspar and Cabot premium brands
and the Huarun brand in China.
During the year the company transitioned Lowe’s premium paint line to
the Valspar brand and introduced
Cabot stains at stores across the U.S.
These brands, together with the performance of its Huarun brand in
China, contributed to sales growth.
At the same time, Valspar’s worldwide presence is expanding rapidly.
The Huarun acquisition is driving its
growth in China, where the fastest
growing business is consumer paint.
Valspar also has a strong position in
STRATEGIC ACQUISITIONS
During the past year, Valspar invested
in three strategic businesses. First it
acquired H.B. Fuller’s powder coatings
business, which provides the company
entry into European markets and
greater ability to meet the needs of
global industrial coatings customers.
Next, Tekno in Brazil was acquired
and reinforces the global presence of
Valspar’s packaging and coil businesses and further strengthens its ability
to supply Latin America customers.
Lastly, Teknos Nova Coil in Finland
was purchased and expands Valspar’s
coil coating capabilities in the fast-grow-ing markets of Eastern Europe.
• MAJOR PRODUCTS: Packaging, general industrial, coil, wood, architectural and auto refinish.
• 2007 ACQUISITIONS: H.B. Fuller’s powder
coatings business; Tekno in Brazil; Teknos Nova
Coil TNC Oy of Finland.
PREMIUM VALSPAR PAINT GETS NEW LOOK AT LOWE’S
During the year Lowe’s Companies, Inc., in conjunction with Valspar,
announced that its premium-quality paint label
for interior and exterior applications, previously
sold under the American Tradition, Signature
Colors and Duramax labels, would be consolidated
under the Valspar name. Paint departments in
Lowe’s stores across the country now organize
Valspar offerings under the Valspar Signature
Colors, Valspar Duramax and Valspar Ultra
Premium brands.
