Type | Subsidiary |
---|---|
Industry | Coatings |
Founded | Boston, Massachusetts (1806; 215 years ago) |
Founder | Samuel Tuck Lawson Valentine Henry Valentine |
Headquarters | Minneapolis, Minnesota |
Gary Hendrickson (President, Chief executive officer) James Muehlbauer (Chief financial officer, Chief administrative officer) | |
Products | Paint Varnish |
Revenue | US$4.191 billion (2016)[1] |
US$529.0 million (2016)[1] | |
US$353.0 million (2016)[1] | |
Total assets | US$4.315 billion (2016)[1] |
Total equity | US$1.113 billion (2016)[1] |
Number of employees | 11,083 (2016)[1] |
Parent | Sherwin-Williams |
Subsidiaries | House of Kolor Huarun Paints Plasti-kote Cabot Stains |
Website | https://www.valspar.com/ |
Footnotes / references [2][3] |
The Valspar Corporation is a manufacturer of paint and coatings based in Minneapolis, Minnesota, U.S. With over 11,000 employees in 25 countries and a company history that spanned two centuries, it was the sixth largest paint and coating corporation in the world.[4] Valspar was founded in 1806 as a paint dealership in Boston, Massachusetts. The Valspar name emerged in 1903 as the name of a clear varnish and became the company name in 1932.[citation needed]
On March 20, 2016, Sherwin-Williams announced its intention to pay $9.3 billion to acquire Valspar.[5] The acquisition finalized on June 1, 2017.[6]
History[edit]
Give your brushes a little TLC, and they’ll reward you with years of service. If you used latex paint, remove the excess paint in a bucket or container while the paint is still wet. It is much more difficult to remove dried paint with soap and water —if necessary, use a brush comb to remove it. Wash off the remaining paint under running water. Valspar 44-21941 Paint Spray Ar Sg White 12Oz, 12 Oz. 5.0 out of 5 stars 1. Rust-Oleum 7579838-6 PK Professional 7579838 High. All of our colours must be mixed in Valspar paint to ensure accuracy. Colour may vary depending on lighting conditions, sheen and the surface you’re painting. 'Brush Stroke' is the colour you're looking for.
19th century beginnings[edit]
In 1806, Samuel Tuck established a paint dealership in Boston, Massachusetts called 'Paint and Color'.[3] Over the next 50 years, the dealership changed owners and names several times and was eventually acquired by Augustine Stimson. In 1832, Lawson Valentine incorporated Valentine & Company as a varnish manufacturer in Boston. The two businesses eventually merged under the name Stimson & Valentine.[7]
In 1855, Otis Merriam joined as a principal owner, and in 1860, Henry Valentine, Lawson's brother, joined the company. By 1866, both Stimson and Merriam had retired from the group and the company name was changed back to Valentine & Company. Lawson hired Charles Homer, brother of American artist Winslow Homer, as a chemist for the company. Homer was one of few chemists in the U.S. and was the first such specialist recruited into the American varnish industry.[7]
In 1870, Valentine & Company relocated to New York City and acquired the Minnesota Linseed Oil Paint Company. Around this time, the company began to develop varnishes for use on vehicles that could compete with English-made varnishes. Henry Valentine succeeded his brother as president in 1882, taking over a company with operations in Boston, Chicago, New York City, and on the west coast of the U.S. Later, their operations expanded to Pennsylvania and Paris.[7]
The Valspar name[edit]
Valspar was the first ever clear varnish; it was developed by L. Valentine Pulsifer, Lawson Valentine's grandson. Pulsifer had joined the company in 1903 after earning a degree in chemistry from Harvard University. After three years of experimentation, he created the clear varnish, which went into production by 1905. The Valspar varnish was the company's main product for more than 30 years. The advertising tagline, 'The varnish that won't turn white' made Valspar a household name. Famous users of Valspar included Robert Peary in his 1909 expedition, the U.S. military during World War I, and Charles Lindbergh during his 1927 solo intercontinental flight.[7]
In 1932, the Valspar Corporation was formed, with Valentine & Company retained as a subsidiary. In 1960, Valspar merged with Ralph Baudhuin's Rockcote, which gave the company more manufacturing in the midwestern U.S. and a new headquarters in Ardmore, Pennsylvania. Under the leadership of Ralph and F. J. Baudhuin, Valspar averaged almost two acquisitions per year through the 1960s. In June 1970, Valspar merged with Minnesota Paints and relocated to Minneapolis, Minnesota. Its former president, C. Angus Wurtele, became chairman of Valspar in 1973. The influx of cash from this latest acquisition boosted Valspar's acquisition power, and by the end of the decade, the company's annual revenue had increased by $74 million.[7]
Era of acquisitions[edit]
Before the 1980s, Valspar's primary focus was on its consumer business.[citation needed]
In 1984, the company acquired Mobil's coatings division for $100 million, which was a low price because the division represented less than 0.5 percent of Mobil's total business. This acquisition effectively doubled Valspar's revenues. Valspar completed the integration of Mobil's operations by 1986.[8]
Throughout the rest of the 1980s and during the early 1990s, Valspar continued to acquire paint and coatings companies and continued growing. It acquired the Enterprise Paint Companies in 1987, the McCloskey Corporation in 1989, and Hi-Tek Polymers and portions of Cook Paint and Varnish Company in 1991. Valspar announced in 1993 that it would acquire Cargill's resin products division, but the Federal Trade Commission tried to block it because Valspar would have had too large a share of the resin market in the midwestern U.S. Valspar went ahead with the deal anyway, but divided the business between two companies: McWhorter Technologies and Engineered Polymer Solutions.[citation needed]
Richard Rompala, formerly of PPG Industries, became president of Valspar in 1994, chief executive officer in 1995, and chairman in 1998.[7] He pushed the then-primarily North American company into China, Hong Kong, Brazil, Mexico, and South Africa and acquired a number of companies.[7] In 2000, Valspar acquired Lilly Industries for $1.04 billion, which required Valspar to divest its mirror coatings business to conform with U.S. antitrust law.[7] Because of the cooling economy, restructuring charges from 14 plant closings in 2001, increasing raw materials prices, and higher debt servicing costs, Valspar's 26 consecutive years of earnings growth ended.[7]
In 2005, Valspar bought Samuel Cabot Incorporated, known for its Cabot brand interior and exterior stains and finishes. Cabot had been privately owned since 1877.[9]
Sherwin-Williams acquired Valspar on June 1, 2017 in an all-cash deal valued at $9.3 billion.
Notable employees[edit]
- Joseph Campbell, fourth Comptroller General of the United States[10]
References[edit]
- ^ abcdef'Symbol Lookup from Yahoo! Finance'. finance.yahoo.com.
- ^'The Valspar Corporation'. Google Finance. Retrieved November 5, 2008.
- ^ ab'Our History'. The Valspar Corporation. Retrieved November 5, 2008.
- ^Merrill Lynch, November 25, 2008
- ^DiSavino, Scott. 'Sherwin-Williams paint company to buy Valspar for $9.3 billion'. Reuters. Retrieved 4 August 2018.
- ^'Sherwin-Williams Completes Acquisition Of Valspar, Creates The Global Leader In Paint And Coatings'. PR Newswire. Retrieved 4 August 2018.
- ^ abcdefghi'The Valspar Corporation - Company Profile, Information, Business Description, History, Background Information on The Valspar Corporation'. Reference for Business. Advameg, Inc. Retrieved June 15, 2017.
- ^'Mobil Chemical To Sell 10 Plants'. New York Times. Associated Press. 18 May 1984. Retrieved 4 August 2018.
- ^'Valspar completes acquisition of Samuel Cabot Incorporated', Minneapolis, June 14, 2005. press release
- ^'Obituary - Joseph Campbell'(PDF). Columbia University Record. 20 July 1984. p. 7. Retrieved 10 August 2018.
Valspar and Behr are two of the most popular paints used by professionals today. They both have their pros, and they both have their cons. If you’re trying to decide which of these two brands you should invest in for your next project, you’ll want to compare and contrast the benefits of each of these paints and then choose the one that best suits your needs. So, Valspar or Behr paint, which is the best?
Behr Paint
Behr is company that sells all kinds of paint. Their products are sold at Home Depot and come at a fair price. The Premium Plus Ultra paint is their most popular product, but they offer a variety of other paints too.
Some of the benefits of using Behr paint is first, the paint has excellent coverage. For those than don’t know what the term ‘coverage’ means, it’s the amount of coats it takes to completely cover the surface you’re painting. This is important, because a paint with bad coverage, one that requires multiple coats, can be time consuming and quite expensive as well. Behr paint can typically cover a surface with 1 to 2 coats.
Another benefit of Behr paint is that it sprays very smoothly through a paint sprayer. It sprays clean and there’s usually no overspray or fallout. By using a paint that sprays so well, you can get a lot of work done in a short period of time. Easy spraying paint also looks better and will have a nicer finish once it dries. You won’t have any blotchiness.
Lastly, Behr paint dries really fast and won’t crack during the drying process. This helps get projects completed quickly and requires little touch-up later down the line. Behr paint is a premium product that uses quality fillers instead of generic ones. As a result, you get a more durable, long lasting paint.
Now, as far as the downsides to using Behr paint, some professional painters have said that this paint tends to be extremely runny when you brush or roll it onto a surface. However, the paint doesn’t run when you spray it on. If you do roll or brush it on, you’ll need to catch the runs with a brush as soon you see them running downward. For some people, this can be quite a hassle and require a second pair of hands.
In addition to this, Behr paint is hard to brush or roll it onto a surface. It takes a little effort. It’s definitely not a smooth process. If you’re going to use Behr paint, you’ll really want to think about spraying it on rather than rolling or brushing it on.
Valspar Paint
Valspar Paint Company is sold exclusively at Lowes, has over 200 years of experience, and produces some of the best paint on the market. However, as with any brand, there are both benefits and downsides to any kind of paint. Let’s start with the benefits. First, Valspar is made with the top-of-the-line ingredients which results in a longer lasting durable paint. Paint made with better ingredients will also look better once it’s fully dried.
Second, there are several Valspar paints available that feature a paint and primer combination mixture. This mixture will not only save you money, it’ll save you a lot of effort too. If you own your very own painting business, you can cut down on labor fees by using a Valspar paint and primer mixture.
Third, Valspar paints are very low maintenance. Once the surface that you painted is fully dried, you can clean and scrub it all you want without having to worry about damaging the dried paint. Stains, grime, and filth usually wipe right off with a damp cloth.
Lastly, Valspar Paint is much easier to use roll and brush onto a surface than Behr Paint. This is mainly because the paint is thinner. However, it’s important to keep in mind that thinner paints can also have their complications.
Valspar Paint Brushes
As great as Valspar Paints are, there are some downsides too. First, like just mentioned, Valspar paint is very thin in texture. This can cause a number of issue. For instance, some professional painters complain that the paint simply dries too fast. When paint dries too fast, the brush strokes will show up on the surface after the paint has fully dried. This is not a good look for the interior part of your home.
Another downside professionals complain about when it comes to Valspar Paints is the amount of coats you have to use to cover a dark surface. This can be both time consuming and expensive too. Even with a light surface, you’ll usually need more than one coat.
Behr vs Valspar Paint, which one should you choose?
Now that you know some of the benefits and downsides to both Behr and Valspar Paint, it’s time to choose. Behr Paints are thicker, require less coats to cover a surface, and are known to spray onto a surface like butter.
On the other hand, most Valspar Paints have primer mixed in. This will save you a lot of time and money. Valspar paints are also easier to roll and brush onto a surface but will require more coats. Both of these paints are a great choice, but you just have to choose the one that better suits your needs.
Valspar Paint Complaints
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