Paint company Valspar Corporation recently bought a Canadian coatings manufacturer.
In November, Valspar completed the purchase of Madison Chemical Industries Inc., which is headquartered in Ontario. The companies did not release financial details of the deal.
Madison’s protective coatings, made from polyurethanes, acrylics, epoxies and other materials, are used on water transmission pipelines, water and wastewater management systems and potable water storage, according to a press release.
“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,” Valspar chairman and CEO Gary Hendrickson says in the press release. “Bringing four decades of breakthroughs and market leadership into Valspar’s technology portfolio is a big win for our customers.”
The Valspar Corporation, which is headquartered in Minneapolis, has more than 10,000 employees in more than 25 countries.
To read the full press release, click here.