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Valspar Buys Canadian Coatings Manufacturer

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.

About Kate Klein

Kate Klein
Kate is profiles editor for Hardware Retailing magazine. She reports on news and industry events and writes about retailers' unique contributions to the independent home improvement sector. She graduated from Cedarville University in her home state of Ohio, where she earned a bachelor's degree in English and minored in creative writing. She loves being an aunt, teaching writing to kids, running, reading, farm living and, as Walt Whitman says, traveling the open road, “healthy, free, the world before me.”

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