The Valspar Corporation operates in the paint and coatings industry. The company manufactures and distributes a range of coatings, paints and related products. Segments The company operates its business in two segments, Coatings and Paints. Coatings Segment This segment includes its industrial product lines and its packaging product line. The company offers a range of decorative and protective coatings for metal, wood and plastic, primarily for sale to original equipment manufacturing customers in Asia, Australia, Europe, North America and South America. Products within the company’s Coatings segment include primers, top coats, varnishes, sprays, stains, fillers and other coatings used by customers in a range of manufacturing industries, including agricultural and construction equipment, appliances, building products, furniture, metal fabrication, metal packaging, and transportation. The company utilizes various technologies to provide differentiated coatings that meet its customers’ requirements and enable value creation within the markets in which they are used. These technologies include electrodeposition, powder, solvent-based, waterborne, UV curing and laser sintering. The company’s industrial product lines include coil, general industrial and wood. Its coil product line produces coatings that are applied to metal coils used to manufacture pre-engineered buildings and building components, other metal building and architectural products and appliances. The company’s general industrial product line provides customers a single source for powder, liquid and electrodeposition coatings technologies in various industries, including agricultural and construction equipment, pipe, lawn and garden, appliance, transportation, and marine shipping containers. Its wood product line supplies decorative and protective coatings for wood furniture, building products, cabinets and floors. The company also provides color design and technical service to its customers. The company supplies its industrial products throughout the world. The company’s packaging product line includes coatings for the interior and exterior of packaging containers, principally metal food containers and beverage cans. It also produces coatings for aerosol and paint cans, crowns for glass bottles, plastic packaging and bottle closures. The company supplies its packaging products throughout the world. Paints Segment This segment includes various products, such as paints, primers, topcoats and aerosol spray paints sold primarily through retailers, distribution networks and company-owned stores. This segment includes its consumer paints and automotive refinish product lines. The company offers a portfolio of interior and exterior decorative paints, stains, primers, varnishes, high performance floor paints and specialty decorative products, such as enamels, aerosols and faux finishes, used in both the do-it-yourself and professional markets. In the United States and Canada, it offers its branded products and private label brands for customers. The primary distribution channels for these products are home centers, hardware wholesalers, distributors and independent dealers. In China, the company sells Huarun branded consumer paints through distributors and retailers. In Australia and New Zealand, the company sells Wattyl and Valspar brands of consumer paints through independent dealers, hardware chains, home centers and company-owned stores. In the United Kingdom and Ireland, the company sells Valspar branded products through a large home center customer. At certain customers, it also offers additional marketing and customer support by providing Valspar personnel to train paint department employees and to answer paint questions in stores. The company’s primary brands include Valspar and Cabot in the United States, Huarun in China, and Wattyl, Valspar and Solagard in Australia and New Zealand. The company invests in and supports these brands through advertising and marketing programs. The company’s automotive product line includes refinish paints and aerosol spray paints that are sold through automotive refinish distributors, body shops, automotive supply distributors and automotive supply retailers. It manufactures these products in Europe and North America and distributes them under the Valspar, DeBeer, Octoral and House of Kolor brands in many countries around the world. Other In addition to the main product lines within its Coatings and Paints segments, the company manufactures and sells specialty polymers and colorants; and sells furniture protection plans and furniture care and repair products under the Guardsman brand. Seasonality The company’s sales volume is traditionally lowest during the first quarter of the fiscal year (November, December and January), and highest in the third quarter of the fiscal year (May, June and July), primarily due to weather and the buying cycle in its Coatings and Paints segments. Research and Development For the fiscal year ended October 25, 2013, the company’s research and development costs included $121.6 million. Markets The company has production facilities, research and development facilities, and administrative and sales offices located outside the United States, including facilities and offices located in Australia, Brazil, Canada, China, Finland, France, Germany, Greece, India, Indonesia, Ireland, Italy, Japan, Malaysia, Mexico, The Netherlands, New Zealand, Poland, Russia, Singapore, South Africa, Spain, Switzerland, Thailand, the United Arab Emirates, the United Kingdom, and Vietnam. History The Valspar Corporation was founded in 1806.
valspar corp (VAL:New York)
901 3rd Avenue South
Minneapolis, MN 55402
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