The Valspar Corporation develops, manufactures, and distributes a range of coatings, paints and related products. Segments The company operates its business in two segments, Coatings and Paints. Coatings This segment includes the company’s industrial product lines and its packaging product line. The company offers a range of decorative and protective coatings for metal, wood and plastic, primarily for sale to original equipment manufacturing customers in Africa, Asia, Australia, Europe, North America and South America. Products within the company’s Coatings segment include primers, top coats, varnishes, sprays, stains, fillers and other coatings used by customers in a range of manufacturing industries, including agricultural and construction equipment, appliances, building products, furniture, metal fabrication, metal packaging and transportation. The company’s industrial product lines include general industrial, coil and wood coatings. Its general industrial product line provides customers a single source for powder, liquid and electrodeposition coatings technologies in various industries, including agricultural and construction equipment, pipe, lawn and garden, appliance, transportation, and marine shipping containers. The company’s coil product line produces coatings that are applied to metal coils used to manufacture pre-engineered buildings and building components, other metal building and architectural products and appliances. Its wood product line supplies decorative and protective coatings for wood furniture, building products, cabinets and floors. The company also provides color design and technical service to its customers. The company supplies its industrial products worldwide. The company’s packaging product line includes coatings for the interior and exterior of metal packaging containers, principally metal food containers and beverage cans. It also produces coatings for aerosol and paint cans, crowns for glass bottles, plastic packaging and bottle closures. The company supplies its packaging products worldwide through a global manufacturing footprint in all major countries. Paints This segment includes the company’s consumer paints and automotive paint refinish product lines. The company offers various paints, primers, topcoats and aerosol spray paints through retailers, distribution networks and company-owned stores. The company’s consumer paints product line consists of major part of its Paints segment. The company offers a portfolio of interior and exterior decorative paints, stains, primers, varnishes and specialty decorative products, such as enamels, aerosols and faux finishes, used in both the do-it-yourself and professional markets. In the U.S. and Canada, the company offers its branded products and private-label brands through approximately 10,000 points of sale. The primary distribution channels for these products are home centers, hardware stores, distributors and independent dealers. In China, the company sells branded consumer paints primarily through exclusive distribution to both exclusive and non-exclusive brand retailers. In Australia and New Zealand, the company sells branded consumer paints through independent dealers, hardware chains, home centers and Valspar company-owned stores. In the U.K. and Ireland, the company sells branded products primarily through a large home center customer. The company develops highly customized merchandising and marketing support programs for its consumer paint customers, enabling them to differentiate their paint departments from their competitors’ through customer service, paint tinting technology, product and color selection assistance and in-store displays. The company’s primary brands include VALSPAR and CABOT in the U.S., HUARUN in China, WATTYL, SOLVER, VALSPAR and PASCOL in Australia and New Zealand and VALSPAR and PLASTI-KOTE in the U.K. and Ireland. The company’s automotive product line primarily includes refinish paints and body shop accessories sold through automotive refinish distributors, automotive supply retailers and body shops. The company distributes these products under the DE BEER, MATRIX, VALSPAR, PRO-SPRAY, USC, OCTORAL and HOUSE OF KOLOR brands in many countries around the world. Other In addition to the main product lines within its Coatings and Paints segments, the company manufactures and sells specialty polymers and colorants. The company sells furniture protection plans and furniture care and repair products under the GUARDSMAN brand. Seasonality The company’s sales volume is traditionally lowest during the first quarter of the year (November, December and January), and highest in the third quarter of the year (May, June and July), primarily due to weather and the buying cycle in its Coatings and Paints segments. Significant Customers In 2015, the company’s sales to Lowe’s Companies, Inc. exceeded 10% of consolidated net sales. Research and Development The company’s research and development costs for 2015 were $132.8million, or 3.0% of net sales. History The Valspar Corporation was founded in 1806.
valspar corp/the (VAL:New York)
1101 South 3rd Street
Minneapolis, MN 55415
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