Content about Valspar

February 27, 2014

Valspar is one of a handful of suppliers tapped to receive a John Deere supplier innovation award for 2013, which is awarded to suppliers who "demonstrate innovation" in a product or service provided to John Deere.

February 24, 2014

Houston -- Ace executives took the stage to deliver rousing speeches at the General Session of the Ace 2014 Spring Convention & Exhibits, congratulating retailers on a strong 2013 and outlining the co-op's vision for 2014 and beyond.

Ace even had a proprietary rock 'n' roll theme song dedicated to its strategic initiative, "20/20 Vision," which added a spirited component to a slide show presented at the session. "The view is worth the climb," crooned the singer.

February 12, 2014

Valspar (VAL) shot up 6.29% on Wednesday following the release of a positive earnings report. SHLD, BLDR and AWI received big boosts as well.

January 10, 2014

Valspar Paint has unveiled its 2014 Color Outlook, which highlights three proprietary color palettes inspired by of-the-moment trends, a return to simplicity and the theme of "redefining the home."

“In 2014, consumers will be redefining what matters and will feel a growing awareness of what’s important,” said Sue Kim, Valspar color strategist. “The Valspar 2014 Color Outlook draws on this trend, with color palettes that are inspired by how people are purposefully incorporating these redefined experiences into their daily lives.”

December 10, 2013

It’s been a busy summer and fall for HCN: Its editorial staff was taken to many corners of the great United States in pursuit of emerging brands and game-changing products. We were happy to see many industry heavyweights at several of the big trade shows this year, as well as a few hidden gems in the home improvement aisle. From old favorites to promising newcomers, here are a few highlights from the reporter’s notebook.

December 5, 2013

Pantone and Valspar Paint announced the addition of Pantone Radiant Orchid, the 2014 Color of the Year, to the Pantone Universe Paint Collection by Valspar, available at Lowe's nationwide. Radiant Orchid is a mix of fuchsia, purple and pink undertones.  

November 22, 2013

Valspar has agreed to provide its Aquaguard waterborne coating for Maersk Container Industry's shipping containers via a long-term supply agreement.

“Maersk is a global leader in container-industry sustainability, and we are privileged to partner with them on this innovative coatings solution,” said Roeland Polet, Valspar SVP, Global Industrial. “This is an important step, and we proudly put our 60-plus years of waterborne coatings expertise forward as a cost-effective, sustainable solution.”

November 20, 2013

Valspar reported fourth-quarter net sales of $1.1 billion, up 8% versus the prior year. 

Fourth-quarter 2013 adjusted net income was $86 million, compared with $80 million a year ago.

September 10, 2013

Orlando, Fla. -- First came a roll out of Clark & Kensington private label paint. Next came a blockbuster deal with Valspar. And now comes the introduction and unveiling of the Paint Studio, the new brand for Ace Hardware’s self-described “Paint Reinvention” program.

It’s all part of Ace Hardware’s efforts to get relevant and make noise in the retail paint arena, said John Surane, senior VP merchandising, marketing and sales.

September 3, 2013

Valspar is trimming its IT budget and handing over the operations of its Oracle E-Business Suite to Rimini Street, Inc., a third-party support provider for enterprise software.

The move is aimed at generating savings for Valspar via its global IT budget and allow the company to dedicate more of its resources toward strategic growth initiatives.

August 20, 2013

Josh Duhamel, an actor best known for his role in ABC's All My Children and the Transformers movie series, recently teamed up with Valspar Paint to launch Valspar Hands & Hearts for Habitat.

Valspar Hands & Hearts for Habitat will auction off celebrity handprints created with Valspar Paint and benefits Habitat for Humanity's Disaster Response Program.

August 16, 2013

Stocks fared poorly at Thursday’s close, with Valspar taking another big plunge of 5.91% in a sustained bout of flux since releasing a less-than-ideal earnings report this week.

August 14, 2013

Valspar took a 6.25% dive on Tuesday after the company released its third-quarter earnings, which fell below expectations and resulted in a downwardly revised full-year outlook.

August 14, 2013

Paint giant Valspar has every intention of profiting from its move to acquire the Ace Hardware private-label paint business, it just hasn't happened yet.

Valspar executives walked analysts through the plan during the company's third-quarter conference call. The analysts seemed highly interested in Valspar's seven-month-old relationship with Ace. 

July 18, 2013

Both Valspar and BlueLinx stayed stagnant at Wednesday’s close. This was an unusually quiet moment for BlueLinx, which has flipflopped for the past couple days.

June 14, 2013

Most home channel stocks declined in trading Friday. Shares of Orchard Supply sank 11.74%, while LP and Valspar both declined 2.39%. 

June 5, 2013

PureColor, an all-natural wood stains leader, hired industry veteran Chris Bundy as its newest account executive. Bundy brings more than 25 years of coatings industry experience to the growing PureColor team.

Previously, Bundy served in leadership positions for Gemini Coatings and Valspar. He has extensive experience managing sales team experts serving large wood product manufacturers, according to the company. 

May 14, 2013

Minneapolis paint giant Valspar reported second quarter net sales of $1.03 billion, essentially flat with the prior-year quarter.

The company, which recently signed a deal to become the key supplier of paint for Ace Hardware, reported net income of $76.9 million, up from $76.5 million in last year's second quarter.

Volume was up 7%, including the Ace deal, up 3% excluding Ace. 

April 5, 2013

The effort brings a line of Valspar Pro and dedicated in-store service to more than 1,700 Lowe’s retail locations, according to the manufacturer's announcement.

Minneapolis-based The Valspar Corp. says it expanded its retail paint program with Lowe's, tailoring it to the needs of the professional painter.

The effort brings a line of Valspar Pro and dedicated in-store service to more than 1,700 Lowe’s retail locations, according to the manufacturer's announcement. 

March 15, 2013

NEW ORLEANS — The recent marriage of Valspar and Ace Hardware Corp. was by far the most colorful product story at Ace's Spring Convention and Exhibits held here.

Not only were dealers eager to see Ace's paint department vision of the future, they were hungry for details on the incentives in place to retrofit their stores.

One retailer suggested that the Valspar topic boosted attendance at the show. Others on the floor ran the gamut from dealers who embrace the change enthusiastically, to those who want to stay with their existing brands, notably Benjamin Moore.

March 15, 2013

On March 31, John Venhuizen will step from behind the scenes into one of the most front-and-center posts in the hardware business — that of CEO of Ace Hardware Corp. After standing and delivering a motivational presentation to thousands of dealers at the co-op's Spring Convention & Exhibits in New Orleans, he sat down with HCN.

HCN: What worries you as you step into the CEO role?

February 24, 2013

One of the busiest booths in the Ace Hardware convention in New Orleans, not surprisingly, was the one showing off the new Valspar paint program.

New Orleans -- With the ink still wet on the Valspar-Ace Hardware deal, Ace retailers got their first look at Ace's vision for its Valspar paint departments. The vision includes a pair of endcaps and 8-ft. color displays featuring Clark & Kensington on one side and Valspar on the other. In between the rests a counter, mixing equipment and an overhead "Color comes home" message.

February 13, 2013

After signing a long-term deal to supply paint for Ace Hardware, Valspar CEO Gary Hendrickson expects to ride the recovery to increased sales.

After signing a long-term deal to supply paint for Ace Hardware, Valspar CEO Gary Hendrickson expects to ride the recovery to increased sales. 

"The recently announced Ace Hardware acquisition will expand our retail presence in the U.S. and deliver additional revenue from Ace’s private-label paint which we now manufacture and sell," said Hendrickson.   

January 2, 2013

Ace Hardware Corp.’s paint program is going through a major makeover with Valspar stepping up as a supplier and taking over the co-op’s paint manufacturing facilities. 

Ace and Valspar announced a long-term deal, under which Valspar will manufacture and supply Ace-branded paint products to Ace dealers. The companies also announced that Valspar has acquired Ace Hardware’s paint manufacturing assets, including two manufacturing facilities located near Chicago.

December 18, 2012

Ace Hardware is in the final stages of inking a deal that will replace Benjamin Moore, its signature national brand, with a program from Valspar paint, HCN has learned.