Sherwin-Williams Gets Green Light to Complete Valspar Deal

Sherwin-Williams Gets Green Light to Complete Valspar Deal

Federal regulators in the United States and Canada have given Sherwin-Williams the go-ahead to complete its previously announced acquisition of Valspar.

Federal regulators in the United States and Canada have given Sherwin-Williams the go-ahead to complete its previously announced acquisition of Valspar.

As part of a consent agreement, Sherwin-Williams will sell Valspar’s North American Industrial Wood Coatings business to Axalta Coating Systems for $420 million in cash. Sherwin-Williams, Valspar and AkzoNobel control 70 percent of the North American market for industrial wood coatings, according to the U.S. Federal Trade Commission.

In March 2016, Cleveland-based Sherwin-Williams announced its intent to buy Valspar for $11.3 billion.

Approval from the Federal Trade Commission and the Canadian Competition Bureau was the last regulatory hurdle for Sherwin-Williams to clear. With the green light from federal regulators, Sherwin-Williams said it expects to close the Valspar deal by June 1.

RELATED: “BodyShop Business Visits Sherwin-Williams Automotive Finishes Campus, Sprays New CC200 Dynamic Clearcoat”

Valspar Automotive

You May Also Like

Auto Body Consolidation Update: There’s a New Buyer in Town

The good news for shops that want to sell but do not fit a consolidator’s
profile is that there is a fresh pool of new buyers.

At the November 2023 Collision Industry Conference in Las Vegas, I was speaking on a panel with other mergers and acquisitions professionals. During open Q&A, Mike Anderson of Collision Advice made some great points that were the catalyst for this article and a new area of focus for me and my team.  

Is Your Auto Body Shop a Hobby … or a Business?

So you want to provide safe and properly repair vehicles to your customers … even at a financial loss?

BodyShop Business 2023 Executives of the Year

Greg Solesbee was named the Single-Shop Executive of the Year, and Charlie Drake was named the Multi-Shop Executive of the Year.

This Could Be Your Last Text

A sign I saw on the highway that said “This Could Be Your Last Text” reminded me of my son’s recent car wreck.

SUNY Morrisville Auto Body Program Makes Students, Cars Shine 

A 1997 Mustang Cobra is getting the chance to shine again, thanks to students in Alexander Graf’s auto body technology classes.

Other Posts

BASF Partners with INEOS Automotive on Global Body and Paint Program

INEOS Automotive and BASF’s Coatings division have signed an agreement on global automotive refinish body and paint development.

BASF’s GLASS Tool Helps OEMs Gauge Carbon Footprint in Paint Shops

BASF’s Coatings’ GLASS Tool offers an analysis approach that enables transparency and supports customers in making informed decisions for sustainable surface solutions.

Carlisle to Hold Spray Finish Technology Workshops

Carlisle Fluid Technologies — Binks, DeVilbiss, Ransburg, MS and BGK — and Owens Community College have teamed up to present Spray Finishing Technology Workshops.

BASF Replaces Traditional Certification Process with Blended Learning Approach

BASF has announced a new blended learning approach to its certification process in place of two-day, in-person training.