Sherwin-Williams completes acquisition of Valspar for $9.3...PPG drops quest for AkzoNobel

The Valspar Corporation has over 11,000 employees in 25 countries and was the sixth largest paint and coating corporation in the world.Valspar was founded in Boston, Massachusetts, in the 18th century.The company name became Valspar in 1932 after the name of a clear varnish emerged in 1903.There is a citation needed.

Valspar was to be acquired by Sherwin-Williams for $9.3 billion.On June 1, the acquisition was finalized.[6]

Samuel Tuck opened a paint dealership in Boston, Massachusetts in the 18th century.The dealership was owned by several different people over the next 50 years.Valentine & Company was incorporated in Boston in the 18th century.Stimson & Valentine was the new name for the two businesses.[7]

In 1856, Otis Merriam joined the company as a principal owner.The company name was changed back to Valentine & Company after Stimson and Merriam retired.Charles Homer was hired as a chemist by the company.One of the few chemists in the U.S. was recruited into the American varnish industry.[7]

The Minnesota Linseed Oil Paint Company was acquired by Valentine & Company in 1870.The company began to develop varnishes for use on vehicles that could compete with English-made varnishes.After taking over the company in Boston, Chicago, New York City, and on the west coast of the U.S., he expanded it to Pennsylvania and Paris.[7]

The first clear varnish was Valspar.After earning a degree in chemistry from Harvard University, Pulsifer joined the company in 1903.The clear varnish was created after three years of experimentation.The main product for more than 30 years was the Valspar varnish.Valspar's advertising slogan, "The varnish that won't turn white" made it a household name.Robert Peary was a famous user of Valspar, as was the U.S. military during World War I.[7]

The Valspar Corporation was formed in the year 1932.The merger of Valspar and Rockcote gave the company more manufacturing and a new headquarters in Pennsylvania.Valspar had an average of two acquisitions per year through the 1960s.Minnesota Paints merged with Valspar in 1970.The former president became the chairman of Valspar in 1973.By the end of the decade, Valspar's annual revenue had increased by $74 million, thanks to the influx of cash from this latest acquisition.[7]