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</ul> </li> <li id="toc-Notable_employees" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Notable_employees"> <div class="vector-toc-text"> <span class="vector-toc-numb">2</span> <span>Notable employees</span> </div> </a> <ul id="toc-Notable_employees-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-References" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#References"> <div class="vector-toc-text"> <span class="vector-toc-numb">3</span> <span>References</span> </div> </a> <ul id="toc-References-sublist" class="vector-toc-list"> </ul> </li> </ul> </div> </div> </nav> </div> </div> <div class="mw-content-container"> <main id="content" class="mw-body"> <header class="mw-body-header vector-page-titlebar"> <nav aria-label="Contents" class="vector-toc-landmark"> <div id="vector-page-titlebar-toc" class="vector-dropdown vector-page-titlebar-toc 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href="https://fa.wikipedia.org/wiki/%D9%88%D8%A7%D9%84%D8%B3%D9%BE%D8%A7%D8%B1" title="والسپار – Persian" lang="fa" hreflang="fa" data-title="والسپار" data-language-autonym="فارسی" data-language-local-name="Persian" class="interlanguage-link-target"><span>فارسی</span></a></li><li class="interlanguage-link interwiki-fr mw-list-item"><a href="https://fr.wikipedia.org/wiki/Valspar" title="Valspar – French" lang="fr" hreflang="fr" data-title="Valspar" data-language-autonym="Français" data-language-local-name="French" class="interlanguage-link-target"><span>Français</span></a></li><li class="interlanguage-link interwiki-tr mw-list-item"><a href="https://tr.wikipedia.org/wiki/Valspar" title="Valspar – Turkish" lang="tr" hreflang="tr" data-title="Valspar" data-language-autonym="Türkçe" data-language-local-name="Turkish" class="interlanguage-link-target"><span>Türkçe</span></a></li><li class="interlanguage-link interwiki-ur mw-list-item"><a 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id="siteSub" class="noprint">From Wikipedia, the free encyclopedia</div> </div> <div id="contentSub"><div id="mw-content-subtitle"></div></div> <div id="mw-content-text" class="mw-body-content"><div class="mw-content-ltr mw-parser-output" lang="en" dir="ltr"><div class="shortdescription nomobile noexcerpt noprint searchaux" style="display:none">American paint company</div> <style data-mw-deduplicate="TemplateStyles:r1257001546">.mw-parser-output .infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><style data-mw-deduplicate="TemplateStyles:r1242257876">.mw-parser-output .ib-company .infobox-label{padding-right:0.5em}.mw-parser-output .ib-company .infobox-data,.mw-parser-output .ib-company .infobox-below{line-height:1.35em}.mw-parser-output .ib-company-logo img{background-color:#f8f9fa}.mw-parser-output .ib-company-locality,.mw-parser-output .ib-company-country{display:inline}</style><table class="infobox ib-company vcard"><caption class="infobox-title fn org">The Valspar Corporation</caption><tbody><tr><td colspan="2" class="infobox-image ib-company-logo logo"><span typeof="mw:File"><a href="/wiki/File:The_Valspar_Corporation_logo.svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/4/44/The_Valspar_Corporation_logo.svg/200px-The_Valspar_Corporation_logo.svg.png" decoding="async" width="200" height="57" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/4/44/The_Valspar_Corporation_logo.svg/300px-The_Valspar_Corporation_logo.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/4/44/The_Valspar_Corporation_logo.svg/400px-The_Valspar_Corporation_logo.svg.png 2x" data-file-width="87" data-file-height="25" /></a></span></td></tr><tr><th scope="row" class="infobox-label">Company type</th><td class="infobox-data category"><a href="/wiki/Subsidiary" title="Subsidiary">Subsidiary</a></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Ticker_symbol" title="Ticker symbol">Traded as</a></div></th><td class="infobox-data"><a href="/wiki/New_York_Stock_Exchange" title="New York Stock Exchange">NYSE</a>: VAL</td></tr><tr><th scope="row" class="infobox-label">Industry</th><td class="infobox-data category"><a href="/wiki/Coating" title="Coating">Coatings</a></td></tr><tr><th scope="row" class="infobox-label">Founded</th><td class="infobox-data"><a href="/wiki/Boston" title="Boston">Boston</a>, <a href="/wiki/Massachusetts" title="Massachusetts">Massachusetts</a> <br />(1806<span class="noprint">; 218 years ago</span><span style="display:none"> (<span class="bday dtstart published updated">1806</span>)</span>)</td></tr><tr><th scope="row" class="infobox-label">Founder</th><td class="infobox-data agent">Samuel Tuck<br />Lawson Valentine<br />Henry Valentine</td></tr><tr><th scope="row" class="infobox-label">Headquarters</th><td class="infobox-data label"><a href="/wiki/Minneapolis" title="Minneapolis">Minneapolis</a>, <a href="/wiki/Minnesota" title="Minnesota">Minnesota</a></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Key people</div></th><td class="infobox-data agent">Gary Hendrickson <small>(<a href="/wiki/President_(corporate_title)" title="President (corporate title)">President</a>, <a href="/wiki/Chief_executive_officer" title="Chief executive officer">Chief executive officer</a>)</small><br />James Muehlbauer <small>(<a href="/wiki/Chief_financial_officer" title="Chief financial officer">Chief financial officer</a>, <a href="/wiki/Chief_administrative_officer" title="Chief administrative officer">Chief administrative officer</a>)</small></td></tr><tr><th scope="row" class="infobox-label">Products</th><td class="infobox-data">Paint<br /><a href="/wiki/Varnish" title="Varnish">Varnish</a></td></tr><tr><th scope="row" class="infobox-label">Revenue</th><td class="infobox-data"><span typeof="mw:File"><span title="Decrease"><img alt="Decrease" src="//upload.wikimedia.org/wikipedia/commons/thumb/e/ed/Decrease2.svg/11px-Decrease2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/e/ed/Decrease2.svg/17px-Decrease2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/e/ed/Decrease2.svg/22px-Decrease2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span>US$4.191 billion (2016)<sup id="cite_ref-Yahoo2016_1-0" class="reference"><a href="#cite_note-Yahoo2016-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Earnings_before_interest_and_taxes" title="Earnings before interest and taxes">Operating income</a></div></th><td class="infobox-data"><span typeof="mw:File"><span title="Decrease"><img alt="Decrease" src="//upload.wikimedia.org/wikipedia/commons/thumb/e/ed/Decrease2.svg/11px-Decrease2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/e/ed/Decrease2.svg/17px-Decrease2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/e/ed/Decrease2.svg/22px-Decrease2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span>US$529.0 million (2016)<sup id="cite_ref-Yahoo2016_1-1" class="reference"><a href="#cite_note-Yahoo2016-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Net_income" title="Net income">Net income</a></div></th><td class="infobox-data"><span typeof="mw:File"><span title="Decrease"><img alt="Decrease" src="//upload.wikimedia.org/wikipedia/commons/thumb/e/ed/Decrease2.svg/11px-Decrease2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/e/ed/Decrease2.svg/17px-Decrease2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/e/ed/Decrease2.svg/22px-Decrease2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span>US$353.0 million (2016)<sup id="cite_ref-Yahoo2016_1-2" class="reference"><a href="#cite_note-Yahoo2016-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><span class="nowrap"><a href="/wiki/Asset" title="Asset">Total assets</a></span></th><td class="infobox-data"><span typeof="mw:File"><span title="Decrease"><img alt="Decrease" src="//upload.wikimedia.org/wikipedia/commons/thumb/e/ed/Decrease2.svg/11px-Decrease2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/e/ed/Decrease2.svg/17px-Decrease2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/e/ed/Decrease2.svg/22px-Decrease2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span>US$4.315 billion (2016)<sup id="cite_ref-Yahoo2016_1-3" class="reference"><a href="#cite_note-Yahoo2016-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><span class="nowrap"><a href="/wiki/Equity_(finance)" title="Equity (finance)">Total equity</a></span></th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span>US$1.113 billion (2016)<sup id="cite_ref-Yahoo2016_1-4" class="reference"><a href="#cite_note-Yahoo2016-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Number of employees</div></th><td class="infobox-data">11,083 (2016)<sup id="cite_ref-Yahoo2016_1-5" class="reference"><a href="#cite_note-Yahoo2016-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Parent_company" class="mw-redirect" title="Parent company">Parent</a></th><td class="infobox-data"><a href="/wiki/Sherwin-Williams" title="Sherwin-Williams">Sherwin-Williams</a></td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Subsidiary" title="Subsidiary">Subsidiaries</a></th><td class="infobox-data"><a href="/w/index.php?title=House_of_Kolor&action=edit&redlink=1" class="new" title="House of Kolor (page does not exist)">House of Kolor</a><br /> <a href="/w/index.php?title=Huarun_Paints&action=edit&redlink=1" class="new" title="Huarun Paints (page does not exist)">Huarun Paints</a><br /><a href="/w/index.php?title=Plasti-kote&action=edit&redlink=1" class="new" title="Plasti-kote (page does not exist)">Plasti-kote</a><br /><a href="/wiki/Samuel_Cabot_Incorporated" title="Samuel Cabot Incorporated">Cabot Stains</a></td></tr><tr><th scope="row" class="infobox-label">Website</th><td class="infobox-data"><a rel="nofollow" class="external free" href="https://www.valspar.com/">https://www.valspar.com/</a></td></tr><tr><td colspan="2" class="infobox-below"><b>Footnotes / references</b><br /><sup id="cite_ref-2" class="reference"><a href="#cite_note-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-officialhistory_3-0" class="reference"><a href="#cite_note-officialhistory-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup></td></tr></tbody></table> <p><b>The Valspar Corporation</b> is an American manufacturer of paint and <a href="/wiki/Coating" title="Coating">coatings</a> based in <a href="/wiki/Minneapolis" title="Minneapolis">Minneapolis</a>, <a href="/wiki/Minnesota" title="Minnesota">Minnesota</a>. 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.<sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup> Valspar was founded in 1806 as a paint dealership in <a href="/wiki/Boston,_Massachusetts" class="mw-redirect" title="Boston, Massachusetts">Boston, Massachusetts</a>. The Valspar name emerged in 1903 as the name of a clear <a href="/wiki/Varnish" title="Varnish">varnish</a> and became the company name in 1932.<sup class="noprint Inline-Template Template-Fact" style="white-space:nowrap;">[<i><a href="/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed"><span title="This claim needs references to reliable sources. (June 2017)">citation needed</span></a></i>]</sup> </p><p>On March 20, 2016, <a href="/wiki/Sherwin-Williams" title="Sherwin-Williams">Sherwin-Williams</a> announced its intention to pay $9.3 billion to acquire Valspar.<sup id="cite_ref-5" class="reference"><a href="#cite_note-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup> The acquisition finalized on June 1, 2017.<sup id="cite_ref-6" class="reference"><a href="#cite_note-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="History">History</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Valspar&action=edit&section=1" title="Edit section: History"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <div class="mw-heading mw-heading3"><h3 id="19th_century_beginnings">19th century beginnings</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Valspar&action=edit&section=2" title="Edit section: 19th century beginnings"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In 1806, Samuel Tuck established a paint dealership in <a href="/wiki/Boston,_Massachusetts" class="mw-redirect" title="Boston, Massachusetts">Boston, Massachusetts</a> called "Paint and Color".<sup id="cite_ref-officialhistory_3-1" class="reference"><a href="#cite_note-officialhistory-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup> Over the next 50 years, the dealership changed owners and names several times and was eventually acquired by Augustine Stimson. In 1832, Lawson Valentine incorporated <a href="/w/index.php?title=Valentine_%26_Company&action=edit&redlink=1" class="new" title="Valentine & Company (page does not exist)">Valentine & Company</a> as a varnish manufacturer in Boston. The two businesses eventually <a href="/wiki/Mergers_and_acquisitions" title="Mergers and acquisitions">merged</a> under the name Stimson & Valentine.<sup id="cite_ref-Advameg_7-0" class="reference"><a href="#cite_note-Advameg-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup> </p><p>In 1855, Otis Merriam joined as a principal owner, and in 1860, Henry Valentine, Lawson's brother, joined the company. By 1866, both Stimson and Merriam had retired from the group and the company name was changed back to Valentine & Company. Lawson hired Charles Homer, brother of American artist <a href="/wiki/Winslow_Homer" title="Winslow Homer">Winslow Homer</a>, as a chemist for the company. Homer was one of only a few chemists in the U.S. at that time, and was the first such specialist recruited into the American varnish industry.<sup id="cite_ref-Advameg_7-1" class="reference"><a href="#cite_note-Advameg-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup> </p><p>In 1870, Valentine & Company relocated to <a href="/wiki/New_York_City" title="New York City">New York City</a> and acquired the Minnesota Linseed Oil Paint Company. Around this time, the company began to develop varnishes for use on vehicles that could compete with English-made varnishes. Henry Valentine succeeded his brother as president in 1882, taking over a company with operations in Boston, Chicago, New York City, and on the west coast of the U.S. Later, their operations expanded to Pennsylvania and <a href="/wiki/Paris" title="Paris">Paris</a>.<sup id="cite_ref-Advameg_7-2" class="reference"><a href="#cite_note-Advameg-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="The_Valspar_name">The Valspar name</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Valspar&action=edit&section=3" title="Edit section: The Valspar name"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Valspar was the first ever clear varnish; it was developed by L. Valentine Pulsifer, Lawson Valentine's grandson. Pulsifer had joined the company in 1903 after earning a degree in chemistry from <a href="/wiki/Harvard_University" title="Harvard University">Harvard University</a>. After three years of experimentation, he created the clear varnish, which went into production by 1905. The Valspar varnish was the company's main product for more than 30 years. The advertising <a href="/wiki/Tagline" title="Tagline">tagline</a>, "The varnish that won't turn white" made Valspar a household name. Famous users of Valspar included <a href="/wiki/Robert_Peary" title="Robert Peary">Robert Peary</a> in his 1909 expedition, the U.S. military during <a href="/wiki/World_War_I" title="World War I">World War I</a>, and <a href="/wiki/Charles_Lindbergh" title="Charles Lindbergh">Charles Lindbergh</a> during his 1927 solo intercontinental flight.<sup id="cite_ref-Advameg_7-3" class="reference"><a href="#cite_note-Advameg-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup> </p><p>In 1932, the Valspar Corporation was formed, with Valentine & Company retained as a subsidiary. In 1960, Valspar merged with Ralph Baudhuin's Rockcote, which gave the company more manufacturing in the midwestern U.S. and a new headquarters in <a href="/wiki/Ardmore,_Pennsylvania" title="Ardmore, Pennsylvania">Ardmore, Pennsylvania</a>. Under the leadership of Ralph and F. J. Baudhuin, Valspar averaged almost two acquisitions per year through the 1960s. In June 1970, Valspar merged with Minnesota Paints and relocated to <a href="/wiki/Minneapolis,_Minnesota" class="mw-redirect" title="Minneapolis, Minnesota">Minneapolis, Minnesota</a>. Its former president, C. Angus Wurtele, became chairman of Valspar in 1973. The influx of cash from this latest acquisition boosted Valspar's acquisition power, and by the end of the decade, the company's annual revenue had increased by $74 million.<sup id="cite_ref-Advameg_7-4" class="reference"><a href="#cite_note-Advameg-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Era_of_acquisitions">Era of acquisitions</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Valspar&action=edit&section=4" title="Edit section: Era of acquisitions"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Before the 1980s, Valspar's primary focus was on its consumer business.<sup class="noprint Inline-Template Template-Fact" style="white-space:nowrap;">[<i><a href="/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed"><span title="This claim needs references to reliable sources. (June 2017)">citation needed</span></a></i>]</sup> </p><p>In 1984, the company acquired <a href="/wiki/Mobil" title="Mobil">Mobil</a>'s coatings division for $100 million, which was a low price because the division represented less than 0.5 percent of Mobil's total business. This acquisition effectively doubled Valspar's revenues. Valspar completed the integration of Mobil's operations by 1986.<sup id="cite_ref-8" class="reference"><a href="#cite_note-8"><span class="cite-bracket">[</span>8<span class="cite-bracket">]</span></a></sup> </p><p><span class="citation-needed-content" style="padding-left:0.1em; padding-right:0.1em; color:var(--color-subtle, #54595d); border:1px solid var(--border-color-subtle, #c8ccd1);">Throughout the rest of the 1980s and during the early 1990s, Valspar continued to acquire paint and coatings companies and continued growing. It acquired the Enterprise Paint Companies in 1987, the McCloskey Corporation in 1989, and Hi-Tek Polymers and portions of <a href="/wiki/Cook_Paint_and_Varnish_Company" title="Cook Paint and Varnish Company">Cook Paint and Varnish Company</a> in 1991. Valspar announced in 1993 that it would acquire <a href="/wiki/Cargill" title="Cargill">Cargill</a>'s resin products division, but the <a href="/wiki/Federal_Trade_Commission" title="Federal Trade Commission">Federal Trade Commission</a> tried to block it because Valspar would have had too large a share of the resin market in the midwestern U.S. Valspar went ahead with the deal anyway, but divided the business between two companies: McWhorter Technologies and Engineered Polymer Solutions.</span><sup class="noprint Inline-Template Template-Fact" style="margin-left:0.1em; white-space:nowrap;">[<i><a href="/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed"><span title="This claim needs references to reliable sources. (June 2017)">citation needed</span></a></i>]</sup> </p><p><a href="/wiki/Richard_Rompala" title="Richard Rompala">Richard Rompala</a>, formerly of <a href="/wiki/PPG_Industries" title="PPG Industries">PPG Industries</a>, became president of Valspar in 1994, chief executive officer in 1995, and chairman in 1998.<sup id="cite_ref-Advameg_7-5" class="reference"><a href="#cite_note-Advameg-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup> He pushed the then-primarily North American company into China, Hong Kong, Brazil, Mexico, and South Africa and acquired a number of companies.<sup id="cite_ref-Advameg_7-6" class="reference"><a href="#cite_note-Advameg-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup> In 2000, Valspar acquired <a href="/w/index.php?title=Lilly_Industries&action=edit&redlink=1" class="new" title="Lilly Industries (page does not exist)">Lilly Industries</a> for $1.04 billion, which required Valspar to divest its mirror coatings business to conform with <a href="/wiki/United_States_antitrust_law" title="United States antitrust law">U.S. antitrust law</a>.<sup id="cite_ref-Advameg_7-7" class="reference"><a href="#cite_note-Advameg-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup> Because of the cooling economy, <a href="/wiki/Restructuring" title="Restructuring">restructuring</a> charges from 14 plant closings in 2001, increasing raw materials prices, and higher debt servicing costs, Valspar's 26 consecutive years of earnings growth ended.<sup id="cite_ref-Advameg_7-8" class="reference"><a href="#cite_note-Advameg-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup> </p><p>In 2005, Valspar bought <a href="/wiki/Samuel_Cabot_Incorporated" title="Samuel Cabot Incorporated">Samuel Cabot Incorporated</a>, known for its Cabot brand interior and exterior stains and finishes. Cabot had been privately owned since 1877.<sup id="cite_ref-9" class="reference"><a href="#cite_note-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> </p><p><a href="/wiki/Sherwin-Williams" title="Sherwin-Williams">Sherwin-Williams</a> acquired Valspar on June 1, 2017 in an all-cash deal valued at $9.3 billion. </p> <div class="mw-heading mw-heading2"><h2 id="Notable_employees">Notable employees</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Valspar&action=edit&section=5" title="Edit section: Notable employees"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><a href="/wiki/Joseph_Campbell_(accountant)" title="Joseph Campbell (accountant)">Joseph Campbell</a>, fourth <a href="/wiki/Comptroller_General_of_the_United_States" title="Comptroller General of the United States">Comptroller General of the United States</a><sup id="cite_ref-10" class="reference"><a href="#cite_note-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup></li></ul> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Valspar&action=edit&section=6" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist"> <div class="mw-references-wrap"><ol class="references"> <li id="cite_note-Yahoo2016-1"><span class="mw-cite-backlink">^ <a href="#cite_ref-Yahoo2016_1-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-Yahoo2016_1-1"><sup><i><b>b</b></i></sup></a> <a href="#cite_ref-Yahoo2016_1-2"><sup><i><b>c</b></i></sup></a> <a href="#cite_ref-Yahoo2016_1-3"><sup><i><b>d</b></i></sup></a> <a href="#cite_ref-Yahoo2016_1-4"><sup><i><b>e</b></i></sup></a> <a href="#cite_ref-Yahoo2016_1-5"><sup><i><b>f</b></i></sup></a></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-free a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-registration a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-subscription a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .cs1-ws-icon a{background-size:contain;padding:0 1em 0 0}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:var(--color-error,#d33)}.mw-parser-output .cs1-visible-error{color:var(--color-error,#d33)}.mw-parser-output .cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://finance.yahoo.com/quote/VAL/financials?p=VAL">"Symbol Lookup from Yahoo! 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Buy</a></li> <li><a href="/wiki/CHS_Inc." title="CHS Inc.">CHS</a></li> <li><a href="/wiki/3M" title="3M">3M</a></li> <li><a href="/wiki/U.S._Bancorp" title="U.S. Bancorp">U.S. Bancorp</a></li> <li><a href="/wiki/SuperValu_(United_States)" title="SuperValu (United States)">SuperValu</a></li> <li><a href="/wiki/Lunds_%26_Byerlys" title="Lunds & Byerlys">Lunds & Byerlys</a></li> <li><a href="/wiki/General_Mills" title="General Mills">General Mills</a></li> <li><a href="/wiki/Land_O%27Lakes" title="Land O'Lakes">Land O'Lakes</a></li> <li><a href="/wiki/Ecolab" title="Ecolab">Ecolab</a></li> <li><a href="/wiki/C._H._Robinson" class="mw-redirect" title="C. H. Robinson">C. H. Robinson</a></li> <li><a href="/wiki/Ameriprise_Financial" title="Ameriprise Financial">Ameriprise Financial</a></li> <li><a href="/wiki/Xcel_Energy" title="Xcel Energy">Xcel Energy</a></li> <li><a href="/wiki/Hormel" class="mw-redirect" title="Hormel">Hormel</a></li> <li><a href="/wiki/Thrivent_Financial" class="mw-redirect" title="Thrivent Financial">Thrivent Financial</a></li> <li><a href="/wiki/Patterson_Companies" title="Patterson Companies">Patterson Companies</a></li> <li><a href="/wiki/Polaris_Industries" class="mw-redirect" title="Polaris Industries">Polaris Industries</a></li> <li><a href="/wiki/Dairy_Queen" title="Dairy Queen">Dairy Queen</a></li> <li><a href="/wiki/City_Pages" title="City Pages">City Pages</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Fortune_1000" title="Fortune 1000">Fortune 1000</a> corporations (by revenue)</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Toro_(company)" class="mw-redirect" title="Toro (company)">Toro</a></li> <li><a href="/wiki/Donaldson_Company" title="Donaldson Company">Donaldson</a></li> <li><a href="/wiki/H.B._Fuller" title="H.B. Fuller">H.B. Fuller</a></li> <li><a href="/wiki/Federated_Mutual_Insurance_Company" title="Federated Mutual Insurance Company">Federated Mutual Insurance Company</a></li> <li><a href="/wiki/Deluxe_Corporation" title="Deluxe Corporation">Deluxe</a></li> <li><a href="/wiki/HOM_Furniture" title="HOM Furniture">HOM Furniture</a></li> <li><a href="/wiki/Kowalski%27s_Markets" title="Kowalski's Markets">Kowalski's Markets</a></li> <li><a href="/wiki/Cub_(supermarket)" title="Cub (supermarket)">Cub</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other public companies (alphabetically)</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Dayforce" title="Dayforce">Dayforce</a></li> <li><a href="/wiki/MTS_Systems_Corporation" title="MTS Systems Corporation">MTS Systems Corporation</a></li> <li><a href="/wiki/Protolabs" title="Protolabs">Protolabs</a></li> <li><a href="/wiki/Regis_Corporation" title="Regis Corporation">Regis</a></li> <li><a href="/wiki/Stratasys" title="Stratasys">Stratasys</a></li> <li><a href="/wiki/Minnesota_Star_Tribune" title="Minnesota Star Tribune">Minnesota Star Tribune</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Major non-public corporations (alphabetically)</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Andersen_Corporation" title="Andersen Corporation">Andersen</a></li> <li><a href="/wiki/Cargill" title="Cargill">Cargill</a></li> <li><a href="/wiki/Carlson_(company)" title="Carlson (company)">Carlson</a></li> <li><a href="/wiki/Holiday_Stationstores" title="Holiday Stationstores">Holiday Stationstores</a></li> <li><a href="/wiki/Minnesota_State_Fair" title="Minnesota State Fair">Minnesota State Fair</a></li> <li><a href="/wiki/Schwan%27s_Company" title="Schwan's Company">Schwan's Company</a></li> <li><a href="/wiki/Securian_Financial_Group" title="Securian Financial Group">Securian Financial Group</a></li> <li><a href="/wiki/Taylor_Corporation" title="Taylor Corporation">Taylor Corporation</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Related topics</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/List_of_companies_based_in_Minneapolis%E2%80%93Saint_Paul" title="List of companies based in Minneapolis–Saint Paul">List of companies based in Minneapolis–Saint Paul</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Defunct corporations (alphabetically)</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/ADC_Telecommunications" title="ADC Telecommunications">ADC Telecommunications</a></li> <li><a href="/wiki/Amazon_Bookstore_Cooperative" title="Amazon Bookstore Cooperative">Amazon Bookstore Cooperative</a></li> <li><a href="/wiki/Brooks-Scanlon_Lumber_Company" title="Brooks-Scanlon Lumber Company">Brooks-Scanlon Lumber Company</a></li> <li><a href="/wiki/Butler_Brothers" title="Butler Brothers">Butler Brothers</a></li> <li><a href="/wiki/Champion_Air" title="Champion Air">Champion Air</a></li> <li><a href="/wiki/Control_Data_Corporation" title="Control Data Corporation">Control Data Corporation</a></li> <li><a href="/wiki/Crystal_Shamrock_Airlines" title="Crystal Shamrock Airlines">Crystal Shamrock Airlines</a></li> <li><a href="/wiki/Destineer" title="Destineer">Destineer</a></li> <li><a href="/wiki/Engineering_Research_Associates" title="Engineering Research Associates">Engineering Research Associates</a></li> <li><a href="/wiki/Fawcett_Publications" title="Fawcett Publications">Fawcett Publications</a></li> <li><a href="/wiki/FuncoLand" title="FuncoLand">FuncoLand</a></li> <li><a href="/wiki/Gamble-Skogmo" title="Gamble-Skogmo">Gamble-Skogmo</a></li> <li><a href="/wiki/Gander_Mountain" title="Gander Mountain">Gander Mountain</a></li> <li><a href="/wiki/Genmar_Holdings" title="Genmar Holdings">Genmar Holdings</a></li> <li><a href="/wiki/Grand_Casinos" title="Grand Casinos">Grand Casinos</a></li> <li><a href="/wiki/Jasc_Software" title="Jasc Software">Jasc Software</a></li> <li><a href="/wiki/MacSoft" title="MacSoft">MacSoft</a></li> <li><a href="/wiki/Media_Play" title="Media Play">Media Play</a></li> <li><a href="/wiki/Midwest_Aviation" title="Midwest Aviation">Midwest Aviation</a></li> <li><a href="/wiki/Midwest_Federal_Savings_%26_Loan" title="Midwest Federal Savings & Loan">Midwest Federal Savings & Loan</a></li> <li><a href="/wiki/Midwest_Wireless" title="Midwest Wireless">Midwest Wireless</a></li> <li><a href="/wiki/Minneapolis-St._Paul_Stock_Exchange" title="Minneapolis-St. Paul Stock Exchange">Minneapolis-St. Paul Stock Exchange</a></li> <li><a href="/wiki/Minnesota_Stage_Company" title="Minnesota Stage Company">Minnesota Stage Company</a></li> <li><a href="/wiki/Musicland" title="Musicland">Musicland</a></li> <li><a href="/wiki/Napco_Four_Wheel_Drive_Vehicles" title="Napco Four Wheel Drive Vehicles">Napco Four Wheel Drive Vehicles</a></li> <li><a href="/wiki/Navarre_Corporation" title="Navarre Corporation">Navarre Corporation</a></li> <li><a href="/wiki/North_Central_Airlines" title="North Central Airlines">North Central Airlines</a></li> <li><a href="/wiki/Northgate_Computer_Systems" title="Northgate Computer Systems">Northgate Computer Systems</a></li> <li><a href="/wiki/Northrup-King" title="Northrup-King">Northrup-King</a></li> <li><a href="/wiki/Northwest_Airlines" title="Northwest Airlines">Northwest Airlines</a></li> <li><a href="/wiki/Paisley_Park_Records" title="Paisley Park Records">Paisley Park Records</a></li> <li><a href="/wiki/Paragon_Cable" title="Paragon Cable">Paragon 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