August 21, 2017 1:40 AM ET

Chemicals

Company Overview of The Valspar Corporation

Company Overview

The Valspar Corporation develops, manufactures, and distributes a range of coatings, paints, and related products worldwide. It operates in two segments, Coatings and Paints. The Coatings segment offers decorative and protective coatings for metal, wood, and plastic primarily for original equipment manufacturing customers. Its products include primers, top coats, varnishes, sprays, stains, fillers, and other coatings used in manufacturing industries, such as agricultural and construction equipment, appliances, building products, furniture, metal fabrication, metal packaging, and transportation. This segment also provides color design and technical services. The Paints segment offers consumer...

1101 South 3rd Street

Minneapolis, MN 55415

United States

Founded in 1806

11,083 Employees

Phone:

612-851-7000

Key Executives for The Valspar Corporation

President & Director
Age: 54
Senior Vice President of Global Operations
Age: 58
Senior Vice President of Global Coil and President of Latin America
Vice President and President of Europe, Middle East, Africa & India
Chief Technology Officer and Senior Vice President
Age: 60
Compensation as of Fiscal Year 2017.

The Valspar Corporation Key Developments

The Valspar Corporation Files Form 15

The Valspar Corporation. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $0.50 per share.

The Sherwin-Williams Company and The Valspar Corporation Announce Update on Exchange Offers and Consent Solicitations

The Sherwin-Williams Company settled its previously announced exchange offers and consent solicitations (the Exchange Offers) for (i) any and all 7.25% Notes due 2019 (the Existing Valspar 2019 Notes) issued by The Valspar Corporation and held by certain eligible holders for up to an aggregate principal amount of $300.0 million new 7.25% Senior Notes due 2019 (the New Sherwin-Williams 2019 Notes) issued by Sherwin-Williams and cash, (ii) any and all 4.20% Notes due 2022 (the Existing Valspar 2022 Notes) issued by Valspar and held by certain eligible holders for up to an aggregate principal amount of $400.0 million new 4.20% Senior Notes due 2022 (the New Sherwin-Williams 2022 Notes) issued by Sherwin-Williams and cash, (iii) any and all 3.30% Notes due 2025 (the Existing Valspar 2025 Notes) issued by Valspar and held by certain eligible holders for up to an aggregate principal amount of $250.0 million new 3.30% Senior Notes due 2025 (the New Sherwin-Williams 2025 Notes) issued by Sherwin-Williams and cash, (iv) any and all 3.95% Notes due 2026 (the Existing Valspar 2026 Notes) issued by Valspar and held by certain eligible holders for up to an aggregate principal amount of $350.0 million new 3.95% Senior Notes due 2026 (the New Sherwin-Williams 2026 Notes) issued by Sherwin-Williams and cash and (v) any and all 4.40% Notes due 2045 (the Existing Valspar 2045 Notes) issued by Valspar and held by certain eligible holders for up to an aggregate principal amount of $250.0 million new 4.40% Senior Notes due 2045 (the New Sherwin-Williams 2045 Notes) issued by Sherwin-Williams and cash, in each case, on the terms and subject to the conditions as amended. The Existing Valspar 2019 Notes, the Existing Valspar 2022 Notes, the Existing Valspar 2025 Notes, the Existing Valspar 2026 Notes and the Existing Valspar 2045 Notes are referred to herein collectively as the Existing Valspar Notes. The New Sherwin-Williams 2019 Notes, the New Sherwin-Williams 2022 Notes, the New Sherwin-Williams 2025 Notes, the New Sherwin-Williams 2026 Notes and the New Sherwin-Williams 2045 Notes are referred to herein collectively as the New Sherwin-Williams Notes. The Exchange Offers were made in connection with the acquisition of Valspar by Sherwin-Williams that closed on June 1, 2017.

The Valspar Corporation Announces Executive Changes

on March 19, 2016, The Valspar Corporation entered into that certain agreement and Plan of Merger with The Sherwin-Williams Company and Viking Merger Sub Inc. Pursuant to the Merger Agreement, effective at the Effective Time, each of Ian R. Friendly, Janel S. Haugarth, John M. Ballbach, David Lumley, Jack J. Allen, John S. Bode, Jeffrey H. Curler, Shane D. Fleming, William M. Cook, Gary E. Hendrickson and Mae C. Jemison ceased to be directors of the Company. Additionally, effective as of the Effective Time, John G. Morikis became the sole director of the Company. Pursuant to the Merger Agreement, effective at the Effective Time, each of Gary E. Hendrickson, James L. Muehlbauer, Rolf Engh, Howard Heckes and Les Ireland ceased to be executive officers of the Company. Following the Effective Time, the officers of the Company are as follows: John G. Morikis-President, Allen J. Mistysyn-Vice President and Treasurer, Catherine M. Kilbane-Vice President and Secretary, Jeffrey J. Miklich-Vice President and Assistant Treasurer, Michael T. Cummins-Vice President and Assistant Secretary, Stephen J. Perisutti-Vice President and Assistant Secretary and Mary L. Garceau-Vice President and Assistant Secretary.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 12, 2017
The Valspar Corporation, Valspar Wood
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