Sherwin-Williams $11.3 billion acquisition of Valspar

Overview:

• Sherwin-Williams has acquired Valspar for $11.3 billion.
• The deal was an all cash transaction with a price per share of $113.
• Both companies are producers of coatings.
• Vaspar will add 11,000 employees to Sherwin Williams.
• Sherwin-Williams will continue to be headquartered in Cleveland and after the deal and will become the largest paint and coatings company in the world.
• The deal had been planned to be completed in March 2017 but the need for Sherwin-Williams to sell off part of its business to satisfy competition requirements pushed back the sale to June.

Katrin Kostadinova - Data analyst