Will Sherwin-Williams have to divestiture to complete the Valspar acquisition?
Sherwin-Williams previously reported in its 2016 year-end earnings release and 2016 Annual Report that it expected a divestiture would be required to gain approval from the Federal Trade Commission to complete the Valspar acquisition.
Should I buy Sherwin Williams or Valspar paint?
So, buy Sherwin Williams if you are willing to pay extra for a more premium look and greater durability. On the other hand, Valspar is a more budget-friendly brand. So buy it if you are on a budget and do not mind having a more textured finish.
Where are the headquarters of Sherwin Williams and Valspar located?
The Sherwin Williams and Valspar merger made Sherwin Williams the worldwide leader in coatings. After the Sherwin Williams Valspar merger, Sherwin Williams maintained its headquarters in Cleveland, Ohio, and transformed the Valspar headquarters in Minneapolis, Minnesota.
How much is Valspar stock worth after merger?
Under the terms of the merger agreement, Valspar shareholders will receive $113 per share in cash. In connection with completion of the transaction, Valspar common stock ceased trading prior to market opening today and will be delisted from the New York Stock Exchange.
When did Sherwin Williams Acquires Valspar?
June 1, 2017SHERWIN‐WILLIAMS COMPLETES ACQUISITION OF VALSPAR CREATES THE GLOBAL LEADER IN PAINT AND COATINGS. CLEVELAND, OH – June 1, 2017 – The Sherwin‐Williams Company (NYSE: SHW) today announced it has completed its acquisition of The Valspar Corporation (NYSE: VAL).
Why did Sherwin Williams Buy Valspar?
The acquisition of Valspar accelerates Sherwin-Williams' global growth strategy and creates the global leader in paints and coatings. The combination of these two companies creates a world class brand portfolio, expanded product range, premier technology and innovation platforms and an extensive global footprint.
Is Valspar or Sherwin-Williams better?
Sherwin-Williams is the better paint brand in terms of quality. Valspar offers a wider range of offerings, with some really good quality options providing durable coats and great coverage. What is this? However, most experts agree that Sherwin-Williams comes on top in durability and quality.
Does Valspar own Benjamin Moore?
Valspar makes coatings for the construction, industrial and transportation markets as well as selling consumer paints under the Valspar, Cabot Stain, Devine Color and other brands. Other paint makers include Berkshire HathawayBRKa. N-owned Benjamin Moore, Behr Co and PPG Industries PPG.
When did Sherwin Williams close Valspar?
At that time, Sherwin-Williams expected the divestiture and the Valspar transaction to be closed by the end of April 2017. Sherwin-Williams no longer believes the divestiture will be completed, and the Valspar acquisition closed, by the end of April, and expects to provide more definitive timing for the divestiture and completion ...
Where is Valspar headquartered?
Founded in 1806, Valspar is headquartered in Minneapolis. Valspar's shares are traded on the New York Stock Exchange (symbol: VAL).
What is Valspar coating?
Valspar is a global leader in the coatings industry providing customers with innovative, high-quality products and value-added services. Our 11,000 employees worldwide deliver advanced coatings solutions with best-in-class appearance, performance, protection and sustainability to customers in more than 100 countries.
When was Sherwin Williams founded?
About The Sherwin-Williams Company. Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of coatings and related products to professional, industrial, commercial, and retail customers. The company manufactures products under well-known brands such as Sherwin-Williams®, ...
How much did Valspar have before the merger?
Valspar had a value cap of $5.3 billion before the Sherwin Williams and Valspar merger. They reported increased dividends since 1992.
How many companies did Sherwin Williams buy in 1995?
In 1995, Sherwin Williams began to take over the painting business by purchasing 16 companies in 21 months, and in 2006 sales reached $7.8 billion.
What company made Sherwin Williams the world leader in coatings?
The Sherwin Williams and Valspar merger made Sherwin Williams the worldwide leader in coatings.
What is the largest paint coating company in the world?
As a result of the Sherwin Williams and Valspar merger, Sherwin Williams is now the largest paint coating business in the world.
How many coats of paint did Pullman cars need?
Pullman cars required up to 20 coats of high-quality finishes. The late 19th century saw the company grow with the opening of a marketing department and then a sales agency. In 1905 the Cover the Earth trademark was developed, and Sherwin Williams forever became known for a bucket of paint that doused the earth.
What test did the Grand Rapids Furniture Show use to test varnish?
The company created an exhibition at the Grand Rapids Furniture Show, where they tested the varnish with a boiling water test. It passed with flying colors.
Where was Sherwin Williams paint made?
They were no longer selling paint. They were improving paint. In 1888 Sherwin-Williams opened a manufacturing plant in Chicago. With this move, they could best serve the Pullman Company and the farm-implement and carriage industries. Pullman cars required up to 20 coats of high-quality finishes.
Sherwin-Williams is Acquiring Valspar
Sherwin-Williams announced it will acquire Valspar (VAL) on March 20 th . SHW will acquire Valspar for $11.3 billion (including Valspar’s debt).
Valspar Overview
Valspar had a market cap of ~$5.3 billion before the acquisition. Valspar has a long history of dividend increases (like Sherwin-Williams). The company has increased its dividend payments every year since 1992.
Impact of Acquisition on Sherwin-Williams
The acquisition of Valspar will vault SHW to the #1 position in the global coatings industry. The acquisition will very likely reach approval as it in no way creates a monopoly in the industry.
Did Sherwin-Williams Overpay?
The coatings industry is cyclical . There are two primary factors that impact earnings for the coatings industry:
What Should Shareholders Do?
Shareholders of Sherwin-Williams should continue to hold this high quality dividend growth stock. There’s no reason to bail on SHW. The company will very likely be larger a decade from now than it is today. The company will very likely also continue to pay rising dividends.
When did Sherwin Williams' exchange offer for Valspar notes expire?
Sherwin-Williams' previously announced exchange offers for any and all outstanding Valspar notes have expired as of 9:00 a.m., New York City time, on June 1, 2017. There were no additional tenders of outstanding Valspar notes since 5:00 p.m., New York City time, on May 31, 2017. Founded in 1866, The Sherwin-Williams Company is a global leader in ...
What is Sherwin Williams?
About Sherwin-Williams. Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of paints, coatings and related products to professional, industrial, commercial, and retail customers. The company manufactures products under well-known brands such as Sherwin-Williams®, Valspar®, ...
Does Sherwin Williams make forward-looking statements?
Sherwin-Williams makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances occurring or existing after the date any forward-looking statement is made.
Did Sherwin Williams buy Valspar?
CLEVELAND, June 1, 2017 /PRNewswire/ -- The Sherwin-Williams Company (NYSE: SHW) today announced it has completed its acquisition of The Valspar Corporation (NYSE: VAL ). Under the terms of the merger agreement, Valspar shareholders will receive $113 per share in cash. In connection with completion of the transaction, Valspar common stock ceased trading prior to market opening today and will be delisted from the New York Stock Exchange.