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The Valspar Corporation is an American manufacturer of paint and coatings based in Minneapolis, Minnesota. 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. [4] Valspar was founded in 1806 as a paint dealership in Boston, Massachusetts.
Sherwin-Williams said the deal had 'an enterprise value of about $11.3 billion.' A company spokesman was not immediately able to elaborate.
In July 2017, B&Q faced widespread criticism from customers complaining of bad smells and headaches after painting their homes with Valspar paint sold to them. This led to B&Q compensating hundreds of customers, with the problem said to be caused by bacterial contamination in the can causing emission of hydrogen sulphide and ammonia .
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It was founded by Samuel Cabot IV in 1877 and remained privately held until it was acquired by the Valspar Corporation in 2005. [1] Its best-known brand is Cabot Stain . Its headquarters are in Newburyport, Massachusetts .
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