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The Valspar Corporation
Minneapolis, MN/USA
www.valsparglobal.com
PUBLIC COMPANY
HEADCOUNT: 9,400
YEAR ESTABLISHED: 1806
COATINGS REVENUES: $3.168 billion
TOTAL REVENUES: $3.482 billion
SEGMENT BREAKDOWN
• Coatings Segment: 59%
• Paints Segment: 32%
• Other Segment: 9%
KEY PEOPLE
William L. Mansfield, chairman and CEO; Gary E. Hendrickson,
president and COO; Lori A. Walker, senior VP and CFO; Rolf
Engh, executive VP, general counsel and secretary; Steven L.
Erdahl, executive VP; Paul C. Reyelts, executive VP; Kenneth H.
Arthur, group VP; Brian J. Falline, group VP; Bernard J.
Ouimette group VP.
Through its coatings segment, which generates 59% of revenue, Valspar is a leading global supplier of coatings for metal packaging, coil,
general industrial and wood applications. Valspar
coatings are at work in a diverse range of packaging
and industrial applications including commercial
buildings, appliances, lawn and garden equipment,
agricultural and construction machinery, and wood
furniture and cabinets.
Over the past few years Valspar’s acquisitions have
expanded its worldwide presence. Its acquisition of Aries
Coil Coatings, a leading Mexican coil and packaging coatings manufacturer, improved its capability to serve markets in the Americas, for example.
For the transportation industry, Valspar introduced new
waterborne coatings technologies that protect rail cars. For
commercial construction applications, Valspar offers
enhanced solar reflective paint for aluminum extrusion and
wall panels: Flurospar SR coatings, which can help lower
energy costs. The company also extended its Zenith family
of waterborne wood coatings, offering more choice to eco-conscious homebuilders
and furniture makers.
Through its paints
segment, which generates 32% of company revenue, Valspar’s diverse
portfolio includes interior and exterior paints,
stains, primers, varnishes, floor paints and specialty products like
enamels and aerosols for
DIYers and painting professionals.
Valspar continues to
gain share in the consumer paint market
particularly in North
America where it successfully partnered with Lowe’s to
drive growth of Valspar and Cabot premium brands. In
China, the Huarun brand is No. 3 in the domestic market
for consumer paints.
On the new product front, Valspar introduced ZAP
stain-blocking primers to help battle stains and odors
before applying paint. ZAP offers superior surface coverage, along with the ability to block the stains and odors
common in new and existing residential and commercial
buildings. This new line introduces two options for professional painters and contractors—ZAP Interior/Exterior
Latex Primer and ZAP Interior Oil-Based Primer.
During the year Valspar Flooring introduced new
Valsport WP- 4.1 Sealer and WP- 8.1 Finish—two eco-friendly durable oil modified urethanes (OMU) for use on
gymnasium and athletic wood floors.
One major personnel announcement was made during
the year when Valspar named Howard Heckes senior
vice president, global architectural. In his role, Heckes
has leadership responsibility for Valspar’s architectural
business. ;
Source: Valspar’s annual report
VALSPAR’S NEW DURAMAX SEMI-GLOSS
During the year Valspar introduced Valspar Duramax in
semi-gloss. Valspar Duramax Semi-Gloss joins Duramax
Flat and Duramax Satin paints. Valspar Duramax paint is
infused with crosslinking Ti3 technology for maximum
adhesion, UV protection and durability. Drying quickly,
Valspar Duramax creates a thicker finish to help hide
minor surface defects and small cracks. Water-based and
100% acrylic, Valspar Duramax cleans up easily with soap
and water and is low odor. Workers can apply the paint on
various exterior surfaces, including wood siding and trim,
hardboard siding, primed metal, shakes, brick, cement, cinder block, stucco, concrete, stone, asbestos shingles and
aluminum and vinyl siding. Valspar Duramax Semi-Gloss
is available at Lowe’s nationwide.
