Industry News

Sherwin-Williams Plans to Acquire Valspar for USD11.3 billion

United States: Sherwin-Williams Company, a global manufacturer and distributor of paints & coatings has signed an agreement to buy Valspar, a United States based paints & coatings manufacturer. The deal would be closed by 2017. The deal would include differentiated brands and technologies into product portfolio of Sherwin Williams. Additionally, the deal would increase the penetration and customer reach of Sherwin Williams in Asia Pacific, Europe, Middle East and Africa (EMEA) region. Along with benefitting the paints & coatings segment of Sherwin-Williams, the acquisition would increase the capacity of the company in packaging and coil segments. After acquisition, the revenue for the Sherwin- William would reach USD15.6 billion and EBTDA (adjusted earnings before interest, taxes, depreciation and amortization) would reach USD2.8 billion.

TechSci Research depicts that the acquisition of Valspar by Sherwin- Williams would aid the latter company in improving its market position in global paints & coatings industry. The acquisition would enable Sherwin-William in catering its customer across the globe with wide range of product portfolio. Additionally, the deal would increase the customer reach of the company due to enhanced distribution network.

According to the recent report published by TechSci Research, ‘’ India Automotive Paints Market Forecast & Opportunities, 2019’’, the automotive paints market in India is projected to witness a CAGR of 10% during 2014-2019. India’s automotive paints market is primarily an OEM driven market as majority of the demand for automotive paint arises from OEM production. Such a tremendous growth scenario in Indian automotive sector represents significant growth in the demand for automotive paints, which are applied on vehicle to smoothen / level their outer surface as well as enhance their visual appearance.

Relevant Reports

ISO Modal Container Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Type-I, Type-II, Type-III and Type-IV), By Application (LNG, Industrial Gases and Chemical & Petrochemicals), By Transport (Ship, Road and Rail), By Region, and By Competition

Oil and Gas | Jun, 2024

Businesses seek to tap into international markets and consumers have access to a wider range of products from around the world is one of the factors driving the Global ISO Modal Container Market in the forecast period 2025-2029.

Relevant News