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and acquired the
Minnesota Linseed Oil Paint Company. Around this time, the company began to develop varnishes for use on vehicles that could compete with English-made varnishes. Henry Valentine succeeded his brother as president in 1882, taking over a company with operations in Boston, Chicago, New
372:
In 1855, Otis
Merriam joined as a principal owner, and in 1860, Henry Valentine, Lawson's brother, joined the company. By 1866, both Stimson and Merriam had retired from the group and the company name was changed back to Valentine & Company. Lawson hired Charles Homer, brother of American artist
444:'s coatings division for $ 100 million, which was a low price because the division represented less than 0.5 percent of Mobil's total business. This acquisition effectively doubled Valspar's revenues. Valspar completed the integration of Mobil's operations by 1986.
448:
Throughout the rest of the 1980s and during the early 1990s, Valspar continued to acquire paint and coatings companies and continued growing. It acquired the
Enterprise Paint Companies in 1987, the McCloskey Corporation in 1989, and Hi-Tek Polymers and portions of
473:, became president of Valspar in 1994, chief executive officer in 1995, and chairman in 1998. He pushed the then-primarily North American company into China, Hong Kong, Brazil, Mexico, and South Africa and acquired a number of companies. In 2000, Valspar acquired
429:. Its former president, C. Angus Wurtele, became chairman of Valspar in 1973. The influx of cash from this latest acquisition boosted Valspar's acquisition power, and by the end of the decade, the company's annual revenue had increased by $ 74 million.
420:
In 1932, the
Valspar Corporation was formed, with Valentine & Company retained as a subsidiary. In 1960, Valspar merged with Ralph Baudhuin's Rockcote, which gave the company more manufacturing in the midwestern U.S. and a new headquarters in
461:
tried to block it because
Valspar would have had too large a share of the resin market in the midwestern U.S. Valspar went ahead with the deal anyway, but divided the business between two companies: McWhorter Technologies and Engineered Polymer
329:. With over 11,000 employees in 26 countries and a company history that spans two centuries, it was the sixth largest paint and coating corporation in the world. Valspar was founded in 1806 as a paint dealership in
1306:
401:. After three years of experimentation, he created the clear varnish, which went into production by 1905. The Valspar varnish was the company's main product for more than 30 years. The advertising
397:
Valspar was the first ever clear varnish; it was developed by L. Valentine
Pulsifer, Lawson Valentine's grandson. Pulsifer had joined the company in 1903 after earning a degree in chemistry from
361:
called "Paint and Color". Over the next 50 years, the dealership changed owners and names several times and was eventually acquired by
Augustine Stimson. In 1832, Lawson Valentine incorporated
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425:. Under the leadership of Ralph and F. J. Baudhuin, Valspar averaged almost two acquisitions per year through the 1960s. In June 1970, Valspar merged with Minnesota Paints and relocated to
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377:, as a chemist for the company. Homer was one of only a few chemists in the U.S. at that time, and was the first such specialist recruited into the American varnish industry.
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charges from 14 plant closings in 2001, increasing raw materials prices, and higher debt servicing costs, Valspar's 26 consecutive years of earnings growth ended.
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690:"The Valspar Corporation - Company Profile, Information, Business Description, History, Background Information on The Valspar Corporation"
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492:, known for its Cabot brand interior and exterior stains and finishes. Cabot had been privately owned since 1877.
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announced its intention to pay $ 9.3 billion to acquire
Valspar. The acquisition finalized on June 1, 2017.
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405:, "The varnish that won't turn white" made Valspar a household name. Famous users of Valspar included
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647:"Sherwin-Williams Completes Acquisition Of Valspar, Creates The Global Leader In Paint And Coatings"
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for $ 1.04 billion, which required
Valspar to divest its mirror coatings business to conform with
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York City, and on the west coast of the U.S. Later, their operations expanded to
Pennsylvania and
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736:"Valspar completes acquisition of Samuel Cabot Incorporated", Minneapolis, June 14, 2005.
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acquired Valspar on June 1, 2017 in an all-cash deal valued at $ 9.3 billion.
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Before the 1980s, Valspar's primary focus was on its consumer business.
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as a varnish manufacturer in Boston. The two businesses eventually
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622:"Sherwin-Williams paint company to buy Valspar for $ 9.3 billion"
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778:
842:
298:
333:. The Valspar name emerged in 1903 as the name of a clear
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in 1991. Valspar announced in 1993 that it would acquire
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Companies formerly listed on the New York Stock Exchange
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In 1806, Samuel Tuck established a paint dealership in
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1312:Paint and coatings companies of the United States
1045:List of companies based in Minneapolis–Saint Paul
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409:in his 1909 expedition, the U.S. military during
997:Major non-public corporations (alphabetically)
417:during his 1927 solo intercontinental flight.
380:In 1870, Valentine & Company relocated to
790:
8:
1332:Manufacturing companies based in Minneapolis
19:
1317:Manufacturing companies established in 1806
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317:is an American manufacturer of paint and
512:Comptroller General of the United States
369:under the name Stimson & Valentine.
961:Other public companies (alphabetically)
523:
1327:American companies established in 1806
692:. Reference for Business. Advameg, Inc
1054:Defunct corporations (alphabetically)
337:and became the company name in 1932.
7:
1322:1806 establishments in Massachusetts
457:'s resin products division, but the
1166:Minneapolis-St. Paul Stock Exchange
543:"Symbol Lookup from Yahoo! Finance"
1156:Midwest Federal Savings & Loan
947:Federated Mutual Insurance Company
712:"Mobil Chemical To Sell 10 Plants"
481:. Because of the cooling economy,
14:
620:DiSavino, Scott (20 March 2016).
610:Merrill Lynch, November 25, 2008
563:. Google Finance. Archived from
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189:
188:
172:
171:
25:
1181:Napco Four Wheel Drive Vehicles
1101:Engineering Research Associates
306:Footnotes / references
451:Cook Paint and Varnish Company
440:In 1984, the company acquired
1:
1337:2017 mergers and acquisitions
1071:Brooks-Scanlon Lumber Company
1066:Amazon Bookstore Cooperative
806:Minnesota-based corporations
750:"Obituary - Joseph Campbell"
148:Chief administrative officer
82:; 218 years ago
1353:
1266:Swan River Logging Company
1196:Northgate Computer Systems
757:Columbia University Record
1276:William Bros Boiler Works
1091:Crystal Shamrock Airlines
925:corporations (by revenue)
816:corporations (by revenue)
759:. 20 July 1984. p. 7
592:. The Valspar Corporation
561:"The Valspar Corporation"
490:Samuel Cabot Incorporated
304:
24:
1086:Control Data Corporation
1024:Securian Financial Group
488:In 2005, Valspar bought
459:Federal Trade Commission
299:https://www.valspar.com/
244:US$ 1.113 billion (2016)
227:US$ 4.315 billion (2016)
210:US$ 353.0 million (2016)
193:US$ 529.0 million (2016)
176:US$ 4.191 billion (2016)
1171:Minnesota Stage Company
973:MTS Systems Corporation
363:Valentine & Company
353:19th century beginnings
315:The Valspar Corporation
144:Chief financial officer
135:Chief executive officer
20:The Valspar Corporation
1191:North Central Airlines
1061:ADC Telecommunications
427:Minneapolis, Minnesota
16:American paint company
1261:Simitar Entertainment
423:Ardmore, Pennsylvania
359:Boston, Massachusetts
331:Boston, Massachusetts
1211:Paisley Park Records
1106:Fawcett Publications
878:Ameriprise Financial
1251:Salkin & Linoff
1186:Navarre Corporation
898:Patterson Companies
433:Era of acquisitions
340:On March 20, 2016,
250:Number of employees
21:
1206:Northwest Airlines
1029:Taylor Corporation
903:Polaris Industries
893:Thrivent Financial
823:UnitedHealth Group
479:U.S. antitrust law
399:Harvard University
1294:
1293:
1231:Republic Airlines
547:finance.yahoo.com
502:Notable employees
415:Charles Lindbergh
312:
311:
151:
140:James Muehlbauer
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127:Gary Hendrickson
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1246:St. Jude Medical
1161:Midwest Wireless
1151:Midwest Aviation
1019:Schwan's Company
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567:on July 11, 2012
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496:Sherwin-Williams
475:Lilly Industries
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393:The Valspar name
342:Sherwin-Williams
265:Sherwin-Williams
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101:Lawson Valentine
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653:(Press release)
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1038:Related topics
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718:. 18 May 1984
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590:"Our History"
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1081:Champion Air
923:Fortune 1000
863:Land O'Lakes
848:U.S. Bancorp
761:. Retrieved
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720:. Retrieved
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655:. Retrieved
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629:. Retrieved
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594:. Retrieved
569:. Retrieved
565:the original
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407:Robert Peary
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289:Cabot Stains
272:Subsidiaries
234:Total equity
217:Total assets
108:Headquarters
34:Company type
942:H.B. Fuller
908:Dairy Queen
883:Xcel Energy
814:Fortune 500
651:PR Newswire
596:November 5,
571:November 5,
411:World War I
323:Minneapolis
285:Plasti-kote
112:Minneapolis
99:Samuel Tuck
1301:Categories
1146:Media Play
913:City Pages
518:References
462:Solutions.
200:Net income
123:Key people
54:: VAL
38:Subsidiary
1176:Musicland
1111:FuncoLand
1096:Destineer
988:Stratasys
978:Protolabs
937:Donaldson
853:SuperValu
763:10 August
510:, fourth
327:Minnesota
321:based in
131:President
116:Minnesota
46:Traded as
1004:Andersen
968:Dayforce
833:Best Buy
722:4 August
696:June 15,
657:4 August
631:4 August
319:coatings
156:Products
63:Coatings
59:Industry
1226:Red Owl
1141:MacSoft
1014:Carlson
1009:Cargill
626:Reuters
455:Cargill
403:tagline
348:History
335:varnish
295:Website
168:Revenue
162:Varnish
96:Founder
85: (
69:Founded
1271:Unicel
952:Deluxe
888:Hormel
868:Ecolab
828:Target
413:, and
367:merged
260:Parent
73:Boston
983:Regis
753:(PDF)
442:Mobil
387:Paris
159:Paint
80:(1806
1286:Zeos
932:Toro
765:2018
724:2018
698:2017
659:2018
633:2018
598:2008
573:2008
87:1806
52:NYSE
838:CHS
1303::
843:3M
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
