Valspar acquires Madison Chemical Industries

Valspar Acquires Madison Chemical Industries

Expanding Coating Portfolio into the Water and Wastewater Market

 

MINNEAPOLIS Nov. 13, 2014 – The Valspar Corporation (NYSE: VAL) announced today that it has completed the purchase of Madison Chemical Industries, Inc., a coatings manufacturer headquartered in Ontario, Canada. Madison was founded in 1975 and has developed a global reputation for its technically-advanced products used for critical infrastructures such as water transmission pipelines, water and wastewater management, and potable water storage.

 

“We are pleased to welcome the Madison team to Valspar,” said Gary Hendrickson, Valspar’s chairman and chief executive officer. “Combining Valspar’s existing pipe coating products, global manufacturing and technical resources with Madison’s extensive experience and qualifications in the water infrastructure market provides our customers with a broader array of proven solutions. Bringing four decades of breakthroughs and market leadership into Valspar’s technology portfolio is a big win for our customers.”

Financial terms of the transaction were not disclosed.

 

About Valspar

The Valspar Corporation (NYSE: VAL) is a global leader in the paint and coatings industry with over 10,000 employees in more than 25 countries. Since 1806, Valspar has been dedicated to bringing customers the latest innovations, the finest quality and the best customer service in the coatings industry. For more information, visit www.valsparglobal.com.

Featured Affiliate

Phoenix Forging Company

Phoenix Forging Company, a member of the Phoenix Forge Group, is a proud domestic manufacturer of steel tank and cylinder fittings based in Catasauqua, PA. Phoenix Forge was founded in 1882.

www.phoenixforge.com
“Networking at STI/SPFA meetings has given us new ideas to manufacture our products more efficiently.”

Sonny Underwood
Mid-South Steel Products, Inc.