2015 was another record year of earnings performance for Valspar. “In 2015, Valspar delivered
another year of what matters to our customers, shareholders, employees and the
communities we serve,” Gary Hendrickson, CEO of Valspar. “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.”
Coatings Segment
In 2015,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 2015, Valspar received excellence awards from several packaging customers for the best quality
products and technical service.
In General Industrial, Valspar is also an innovator and leader.
“An example is Aquaguard, a breakthrough water-based coating
used by leading shipping container manufacturers. Aquaguard provides superior corrosion protection while reducing volatile organic
compounds (VOCs) by up to 94 percent,” said Hendrickson. “In
architectural coil and extrusion coatings, we have a long and proud
history. In 2015, we celebrated 50 years of the Fluropon brand in
architectural coil coatings. Fluropon is offered in over 20,000 colors
and can be found on signature buildings around the world. We are
a trusted partner and were rewarded by our customers with growth
in all geographies in 2015. In Wood products, Valspar’s superior
service model, innovative technical solutions and inspiring colors
make us a valued partner with the world’s leading wood furniture,
cabinet and building products brands.”
Paints Segment
The Valspar portfolio of brands is available in more than 20,000
points of distribution worldwide. Together with its retail partners,
Valspar isdriving 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, the company reported.
“In North America, a leading consumer publication rated Val-
spar Reserve the No. 1 “zero VOC” paint in the U.S.; and in the
same publication our brands represented four of the top eight ranked
paints,” Hendrickson stated. “Strong consumer demand for our
products, combined with world-class in-store execution, resulted in
solid retail sell-through of Valspar products in North America.”
Internationally, Valspar continued to grow its business through
extension of its brands and channels of distribution and new re-
tail partnerships. In the UK, Valspar expanded its partnership with
B&Q, both in the store and through increased training and support.
In Australia and New Zealand, Valspar reported strong volume
growth in its trade paint stores, at its independent retail partners
and in the home improvement channel. Valspar’s growth in the
China market was driven by new products, product line extensions
and significantly increased points of retail distribution.
“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,” said Hendrickson. “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 two and a half million gallons of paint, and our employees
have logged thousands of hours of volunteer time. In 2015, we
signed a new five-year agreement placing Valspar on the path to
becoming a $100 million cumulative donor to Habitat for Humanity by 2019.
New Product Launches in 2015
• Valspar spray products: Milk Glass, Chalky Finish, Color Radi-
ance, Project Perfect and Outdoor spray
• Cabot Gold exterior stain
• Lifeshield industrial flooring coating
• Valspar Aquaspar and Valspar Duraspar coating solutions for
rail cars
• Fluropon Effects, a new line of dimensional colors in its archi-
tectural coatings product line
• Valspar chalky finish paint
08The Valspar Corporation Minneapolis, Minnesota/USA www.valsparglobal.com
PUBLIC COMPANY
YEAR ESTABLISHED: 1806
REVENUE: $4.4 billion t (2014: $4.5 billion)
MARKETS SERVED
• Architectural coatings • General industrial • Coil
coatings • Wood coatings • Automotive refinish
KEY EXECUTIVES
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;
Howard Heckes, EVP and president, global coatings; Les
Ireland, EVP and president, global consumer paints; 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.
Gary Hendrickson
