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The Sherwin-Williams
Sherwin-Williams
Company is an American Fortune 500
Fortune 500
company in the general building materials industry. The company, with headquarters in Cleveland, Ohio, primarily engages in the manufacture, distribution, and sale of paints, coatings and related products to professional, industrial, commercial, and retail customers primarily in North and South America
South America
and Europe. The company is mostly known through its Sherwin-Williams
Sherwin-Williams
Paints line. On March 20, 2016, Sherwin-Williams announced the acquisition of Valspar
Valspar
for approximately $9 billion.[2]

Contents

1 History

1.1 Sherwin-Williams
Sherwin-Williams
Paints 1.2 Sherwin-Williams
Sherwin-Williams
Automotive Finishes 1.3 Sherwin-Williams
Sherwin-Williams
Spray Source 1.4 Sherwin-Williams
Sherwin-Williams
Mexico 1.5 STIR magazine 1.6 Gray Drug 1.7 Valspar

2 Awards 3 Competition 4 Lead paint lawsuit 5 References

5.1 Further reading

6 External links

History[edit] Founded by Henry Sherwin and Edward Williams[3] in Cleveland
Cleveland
in 1866, the company operates through four segments: Paint
Paint
Stores Group (known as ' Sherwin-Williams
Sherwin-Williams
Stores'), Consumer Group, Latin America Coatings Group, and Global Finishes Group. Sherwin-Williams
Sherwin-Williams
Paints[edit] Americas Group, known as Sherwin-Williams
Sherwin-Williams
Paints, was the first section of the company to be established, in 1866. These stores market and sell Sherwin-Williams
Sherwin-Williams
branded architectural paints and coatings, industrial and marine products, and original equipment manufacturer product finishes and similar items. As of January 1, 2011, the Paint Stores Group operated 3,954 individual paint stores. By January 1, 2016, the Paints stores group had expanded to 4,080 stores. The Consumer Brands Group develops, manufactures, and distributes various paints, coatings, and related products, under the brand names of Duron, Frazee, MAB, Minwax, Krylon, Mautz, Purdy, Bestt Liebco, Thompson's WaterSeal, H&C, Pratt & Lambert, Martin-Senour and Dutch Boy, to third party customers in addition to overseeing the operations maintained by The Americas Group. Sherwin-Williams
Sherwin-Williams
also makes its own paints under the Easy Living and Weatherbeater brand names; those paint brands are sold exclusively in Sears
Sears
and Kmart
Kmart
stores. On August 28, 2007, Sherwin Williams purchased Columbia Paint
Paint
& Coatings.[4] On July 6, 2011, Sherwin-Williams
Sherwin-Williams
acquired Leighs Paints, based in Bolton UK, manufacturers of intumescent and high performance industrial coatings.[5] In late 2012, Sherwin Williams began the process of purchasing the Comex Group. Comex was the 4th largest paint manufacturer in North America.[6] After Mexican antitrust regulators voted against the deal twice, Sherwin-Williams
Sherwin-Williams
bought Comex's US and Canadian divisions for $165 million on Sept 16, 2013.[7] PPG, US-based paint and coating company, acquired Comex's Mexican division for $2.3 billion. In 2007, the company introduced its first "Idea Center" in Shaker Heights, Ohio, in an effort to provide customers with an interior design environment as contrasted with its conventional paint stores.[citation needed] Sherwin-Williams
Sherwin-Williams
Automotive Finishes[edit] The Sherwin-Williams
Sherwin-Williams
Automotive Finishes segment develops, manufactures, and distributes various motor vehicle finish, refinish, and touch-up products. It also licenses certain technology and trade names worldwide, as well as distributes Sherwin-Williams
Sherwin-Williams
branded automotive finish and refinish products through its network of automotive branches. The Automotive Finishes segment opened their 200th automotive branch in Calumet Park, IL on September 21, 2007. The International Coatings segment develops, licenses, manufactures, and distributes various paints, coatings, and related products worldwide through 76 company-operated specialty paint stores, as of the above date, and by outside selling functions to other dealers and distributors. Sherwin-Williams
Sherwin-Williams
Spray Source[edit] The Sherwin-Williams
Sherwin-Williams
Spray Source service centers offer new equipment, parts and accessories, maintenance and repairs to rental programs. There are over 100 service centers located across the U.S. and Puerto Rico. They have factory-trained technicians that provide maintenance and repairs on paint sprayers, pressure (cleaners) washers, conventional spray guns, HVLP (High Volume Low Pressure) systems, plural-component equipment from manufacturers like EXEL North America, Kremlin Rexson, Sames, Johnstone, Graco, Titan/Speeflo, Spraytech/Wagner, Capspray, ITW Binks, AccuSpray, Mi-T-M, Pressure Pro, and more. They provide repairs like maintenance, emergency and warranty, telephone troubleshooting support, on-site demonstrations, and training. Prior to 2008, the program was called SherWorks. Sherwin-Williams
Sherwin-Williams
Mexico[edit] In 1929, Sherwin-Williams
Sherwin-Williams
Mexico started operations. Headquarters is in Mexico City. Sherwin-Williams
Sherwin-Williams
Mexico has 109 branches and 200 dealers. STIR magazine[edit] STIR magazine is a tri-annual publication delivering color news and resources to residential and commercial interior designers and architects throughout North America. The magazine is created and published by Hanley Wood, LLC. The first issue was published in 2004. Gray Drug[edit] Between 1981 and 1987, Sherwin-Williams
Sherwin-Williams
owned Gray Drug. Valspar[edit] In March 2016, it was announced that Valspar
Valspar
would be acquired for $11.3 billion U.S. dollars. The merger was finalized 1st June, 2017.[8] Awards[edit] STIR magazine has won several industry awards, including a 2005 FOLIO award for best design,[9] new custom publication, as well as a 2007 Pearl Award from the Custom Publishing Council for the best in custom Publishing category.[10] On June 20, 2011, Computerworld
Computerworld
named The Sherwin-Williams
Sherwin-Williams
Company the #58 Best Place to Work in IT.[11] In 2015, Sherwin-Williams
Sherwin-Williams
was recognized as the most used brand as well as the winner for brand familiarity and quality rating in the Paints category by the Builder magazine.[12] Competition[edit] Sherwin-Williams' major competitors are PPG, Axalta Coating
Coating
Systems, BASF
BASF
(through Ace Hardware
Ace Hardware
and Lowe's), Behr (through The Home Depot), and Benjamin Moore. There are also several smaller, regional competitors, though Sherwin-Williams
Sherwin-Williams
has acquired a few of them (such as MAB and Columbia Paint
Paint
& Coatings and Parker Paints) in recent years. Valspar
Valspar
was acquired in June 2017. Lead paint lawsuit[edit] In January 2014, the Santa Clara County Superior Court
Santa Clara County Superior Court
ruled that Sherwin-Williams, along with NL Industries
NL Industries
and ConAgra were jointly and severally liable for $1.15 billion, to be paid into a lead paint abatement fund to be used to remove lead paint from older housing.[13][14] The judge ruled that the paint companies manufactured, marketed, and sold lead paint without disclosing the health risks to the consumers in spite of "actual and constructive knowledge that it was harmful."[15][16] In March 2014 Sherwin-Williams was denied a new trial.[17] As per their 2013 annual report, Sherwin-Williams
Sherwin-Williams
considers this case without merit and will appeal the decision. The process may take another two years.[18] The disposition of The People v. ConAgra Grocery Products Company et al. in the California 6th Appellate District Court on November 14, 2017 is that

... the judgment is reversed, and the matter is remanded to the trial court with directions to (1) recalculate the amount of the abatement fund to limit it to the amount necessary to cover the cost of remediating pre-1951 homes, and (2) hold an evidentiary hearing regarding the appointment of a suitable receiver. The Plaintiff shall recover its costs on appeal.[19]

On February 14, 2018 the California Supreme Court denied the defendants' request for review, sending the case back to the trial court as ordered by the Appellate Court.[20] References[edit]

^ a b c d e f THE SHERWIN-WILLIAMS COMPANY Form 10-K, Securities and Exchange Commission, February 27, 2014 ^ " Sherwin-Williams
Sherwin-Williams
paint company to buy Valspar
Valspar
for $8.9 billion".  ^ "Country Boys Make Good..." Sherwin-Williams. Retrieved 2013-05-12.  ^ Drukenbrod, Mark. "Columbia Paint
Paint
& Coatings Co. to merge with Sherwin-Williams, Hercules acquires specialty surfactants business of Dexter Chemical L.L.C., Benjamin Moore acquires Finnaren & Haley Paint
Paint
& Coatings". SpecialChem. Retrieved 15 June 2015.  ^ ": PaintSquare News".  ^ Cho, Janet. "1 comment Sherwin-Williams
Sherwin-Williams
buys Consorcio Comex's U.S. and Canadian business, still hopeful about Mexican division". Cleveland.com. Retrieved 15 June 2015.  ^ "Consorcio Comex, the Mexican paint company Sherwin-Williams
Sherwin-Williams
wanted, being acquired by rival PPG Industries".  ^ Jamerson, Joshua (19 December 2016). "Sherwin-Williams, Valspar
Valspar
Say Merger Is on Track to Close by End of First Quarter" – via www.wsj.com.  ^ "FindArticles.com - CBSi".  ^ Hanley Wood Marketing 2007 Pearl Award[permanent dead link] ^ Mitchell, Robert L. "No. 58 Best Place to Work in IT: The Sherwin-Williams
Sherwin-Williams
Co".  ^ "2015 BUILDER BRAND USE STUDY RESULTS". Builder. Retrieved 19 June 2015.  ^ Rosenblatt, Joel (2013-12-17). "Sherwin, NL, ConAgra Lose $1.1 Billion Lead Paint
Paint
Ruling". Bloomberg News. Retrieved 2014-11-25.  ^ Rosenblatt, Joel (2014-01-08). "Manufacturers Must Pay $1.15 Billion in Lead Paint
Paint
Suit". Bloomberg Businessweek. Retrieved 2014-11-25.  ^ Elias, Paul (2013-12-17). "Lead Paint
Paint
Lawsuit: Judge Orders 3 Companies To Pay $1.1 Billion For Removal Services". Huffington Post. Retrieved 2014-11-25.  ^ Kleinberg, James (7 January 2014). "Judge Kleinberg's Order, final statement of decision, Case Number 1-00-CV-788657" (PDF). Santa Clara County Superior Court's Electronic Filing System. Retrieved 26 August 2014. The defendants sold lead paint with actual and constructive knowledge that it was harmful  ^ VALHI INC /DE/ Form 10-K on 03/13/2015 ^ "Annual Report 2013 page 32-33" (PDF). Sherwin-Williams. Retrieved August 27, 2014.  ^ Judge Nathan D. Mihara; Associate Justice Eugene M. Premo; Associate Justice Franklin D. Elia (2017-11-14). "The People v. ConAgra Grocery Products Company et al". California Courts - Appellate Court Case Information. Judicial Council of California. Retrieved 2017-11-19. ...we can accept the inference that defendants’ pre-1951 promotions increased the use of lead paint on residential interiors during the period of those promotions...  ^ "California Courts - Appellate Court Case Information". appellatecases.courtinfo.ca.gov. Retrieved 2 April 2018. 

Further reading[edit]

McDermott, Kathleen; Dyer, Davis (1991). America's paint company: a history of Sherwin-Williams. [Cleveland, Ohio]: Sherwin-Williams.  The Sherwin Williams Home Decorator and Color Guide (1939) Kenneth Franzheim II Rare Books Room, William R. Jenkins Architecture and Art Library, University of Houston Digital Library.

External links[edit]

Official website Sherwin-Williams
Sherwin-Williams
YouTube channel

Business data for Sherwin-Williams: Google Finance Yahoo! Finance R

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