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Valspar was founded in 1806 as a paint dealership in Boston, Massachusetts. The Valspar name emerged in 1903 as the name of a clear varnish and became the company name in 1932. [citation needed] On March 20, 2016, Sherwin-Williams announced its intention to pay $9.3 billion to acquire Valspar. [5] The acquisition finalized on June 1, 2017. [6]
On July 6, 2011, Sherwin-Williams acquired Leighs Paints, based in Bolton UK, manufacturers of intumescent and high performance industrial coatings. [21] On June 4, 2012, Sherwin-Williams acquired Geocel Holdings Corp for an undisclosed amount. [22] Sherwin-Williams acquired the Valspar Corporation on March 20, 2016, for $11.3 billion. [23]
Sherwin was born on July 2, 1937, in Brooklyn, New York, to Mimi (nee Karp) and Harold Sherwin. [2] His mother was a homemaker who also worked administrative jobs while his father was a children's clothing manufacturer. [3] He graduated from James Madison High School in Brooklyn after which he enrolled in Dartmouth College aiming to pursue ...