![]() It acquired the Enterprise Paint Companies in 1987, the McCloskey Corporation in 1989, and Hi-Tek Polymers and portions of Cook Paint and Varnish Company in 1991. Throughout the rest of the 1980s and during the early 1990s, Valspar continued to acquire paint and coatings companies and continued growing. Valspar completed the integration of Mobil's operations by 1986. This acquisition effectively doubled Valspar's revenues. In 1984, the company acquired Mobil'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. Era of acquisitions īefore the 1980s, Valspar's primary focus was on its consumer business. 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. Angus Wurtele, became chairman of Valspar in 1973. In June 1970, Valspar merged with Minnesota Paints and relocated to Minneapolis, Minnesota. Baudhuin, Valspar averaged almost two acquisitions per year through the 1960s. and a new headquarters in Ardmore, Pennsylvania. In 1960, Valspar merged with Ralph Baudhuin's Rockcote, which gave the company more manufacturing in the midwestern U.S. In 1932, the Valspar Corporation was formed, with Valentine & Company retained as a subsidiary. military during World War I, and Charles Lindbergh during his 1927 solo intercontinental flight. Famous users of Valspar included Robert Peary in his 1909 expedition, the U.S. The advertising tagline, "The varnish that won't turn white" made Valspar a household name. The Valspar varnish was the company's main product for more than 30 years. After three years of experimentation, he created the clear varnish, which went into production by 1905. Pulsifer had joined the company in 1903 after earning a degree in chemistry from Harvard University. Valentine Pulsifer, Lawson Valentine's grandson. Valspar was the first ever clear varnish it was developed by L. Later, their operations expanded to Pennsylvania and Paris. 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. Around this time, the company began to develop varnishes for use on vehicles that could compete with English-made varnishes. In 1870, Valentine & Company relocated to New York City and acquired the Minnesota Linseed Oil Paint Company. at that time, and was the first such specialist recruited into the American varnish industry. ![]() Homer was one of only a few chemists in the U.S. Lawson hired Charles Homer, brother of American artist Winslow Homer, as a chemist for the company. ![]() By 1866, both Stimson and Merriam had retired from the group and the company name was changed back to Valentine & Company. In 1855, Otis Merriam joined as a principal owner, and in 1860, Henry Valentine, Lawson's brother, joined the company. The two businesses eventually merged under the name Stimson & Valentine. In 1832, Lawson Valentine incorporated Valentine & Company as a varnish manufacturer in Boston. Over the next 50 years, the dealership changed owners and names several times and was eventually acquired by Augustine Stimson. ![]() In 1806, Samuel Tuck established a paint dealership in Boston, Massachusetts called "Paint and Color". The acquisition finalized on June 1, 2017. On March 20, 2016, Sherwin-Williams announced its intention to pay $9.3 billion to acquire Valspar. The Valspar name emerged in 1903 as the name of a clear varnish and became the company name in 1932. Valspar was founded in 1806 as a paint dealership in Boston, Massachusetts. 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. The Valspar Corporation is an American manufacturer of paint and coatings based in Minneapolis, Minnesota.
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