Sherwin-Williams Close to Deal to Buy Valspar -- Update
20 März 2016 - 6:44PM
Dow Jones News
By Dana Mattioli, Dana Cimilluca and Liz Hoffman
Sherwin-Williams Co. is nearing a deal to buy Valspar Corp.,
according to people familiar with the matter.
A deal for the painting and coatings company could be announced
as soon as Sunday, the people said.
With Valspar's market value at $6.6 billion, a deal could value
the company at close to $10 billion with a premium.
Both companies have lines of paint sold at an array of retailers
ranging from Home Depot Inc. to Lowe's Cos. and smaller home
improvement chains.
Sherwin-Williams, based in Cleveland, Ohio, has a much larger
market value of $26.8 billion. In 2015, the company had $11.3
billion in sales and a $1.1 billion profit.
It has been a busy stretch for deals in the chemicals space,
which coatings companies would fall under. Last year, chemicals
giants Dow Chemical Co. and DuPont Co. signed a deal worth a
combined $120 billion.
Write to Dana Mattioli at dana.mattioli@wsj.com, Dana Cimilluca
at dana.cimilluca@wsj.com and Liz Hoffman at
liz.hoffman@wsj.com
(END) Dow Jones Newswires
March 20, 2016 13:29 ET (17:29 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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