• Thomas Russell

Axalta completes purchase of Valspar North American Industrial Wood Coatings division

Deal was contingent on June 1 completion of Valspar Corp. sale to Sherwin-Williams

Axalta logoHIGH POINT- Global coatings resource Axalta Coating Systems said it has completed the purchase of Valspar’s North American Industrial Wood Coatings business.

The estimated $420 million purchase was completed June 1, the same day that Sherwin-Williams completed its acquisition of Valspar Corp.

Valspar divested the North American industrial wood coatings business in response to regulatory concerns expressed by the U.S. Federal Trade Commission and the Canadian Competition Bureau.

The completion of the Axalta purchase was contingent on the completion of the Sherwin-Williams purchase of Valspar Corp.

Axalta described Valspar’s North American Industrial Wood Coatings business as “one of the leading providers of coatings for OEMs and distributors engaged in industrial wood markets, including building products, cabinets, flooring and furniture, in North America.”

It said the businesses’ brands that include Zenith, Ultraguard, Lifeshield and Color Choice will join its portfolio of Performance Coatings products and services. The business also includes manufacturing facilities and offices in High Point and Cornwall Ontario as well as R&D operations in High Point and Minneapolis.

“A shared commitment to customer care, technical service and support, as well as a keen focus on innovation in advancing the technology of wood coatings will provide a strong platform for future growth in this important industrial coatings market,” Axalta said in an announcement on its website.

Thomas RussellThomas Russell | Associate Editor, Furniture Today

I'm Tom Russell and have worked at Furniture/Today since August 2003. Since then, I have covered the international side of the business from a logistics and sourcing standpoint. Since then, I also have visited several furniture trade shows and manufacturing plants in Asia, which has helped me gain perspective about the industry in that part of the world. As I continue covering the import side of the business, I look forward to building on that knowledge base through conversations with industry officials and future overseas plant tours. From time to time, I will file news and other industry perspectives online and, as always, welcome your response to these Web postings.

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