Content about Valspar

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.

August 29, 2012

The mixing of paint and primer together, in the same can, has swept through the coatings industry like no other innovation. Almost every manufacturer and retailer has added a version of this product to its assortment, although some have done so reluctantly. Within the paint industry, many dismiss paint-and-primer combos as a marketing ploy that raises the price of a gallon of paint. Others say it can save time and money and has a rightful place as a consumer option.

August 15, 2012

Minneapolis-based Valspar Corp., makers of paint, reported third-quarter sales of $1.08 billion, up 1% from the same quarter last year.

“We were pleased with our performance in the quarter,” said Gary Hendrickson, chairman and CEO. “Excluding negative currency impact, our revenue increased 3% and our strong earnings growth is the outcome of excellent execution in a challenging global environment.”

June 25, 2012

The Dallas Business Journal has reported that paint manufacturer Valspar is closing a single plant in Texas as part of a business consolidation. 

The plant to be closed by Aug. 15 is located in Grand Prairie, Texas, outside of Dallas.

According to the article, no other plants are planned to be closed. About 58 people are expected to be laid off by the consolidation. 

June 25, 2012

The Dallas Business Journal has reported that paint manufacturer Valspar is closing a single plant in Texas as part of a business consolidation. 

The plant to be closed by Aug. 15 is located in Grand Prairie, Texas, outside of Dallas.

According to the article, no other plants are planned to be closed. About 58 people are expected to be laid off by the consolidation. 

June 6, 2012

Valspar Corp. has announced that its board of directors elected Gary Hendrickson, Valspar’s president and CEO, as chairman of the board, effective immediately. Hendrickson succeeds William Mansfield, who is retiring after serving as chairman since August 2007, as CEO from 2005 to 2011, and as president from 2005 to 2008.

The appointment completes a transition plan put in place a year ago, according to the Minneapolis-based paint and coatings manufacturer.

May 17, 2012

Paint manufacturer Valspar Corp. reported sales of $1.03 billion for its second fiscal quarter, a 4% rise over sales in the second quarter of 2011. Net income for the second quarter, which ended April 27, was $76.5 million compared with $56.3 million a year ago.

April 10, 2012

Valspar Paint has announced a replacement guarantee for Lowe’s customers who buy a gallon of paint and are simply dissatisfied with the color. From now until Oct. 8, 2012, Valspar is offering a free replacement color to anyone who does not “absolutely love” their first color choice. The Love Your Color Guarantee applies only to purchases of Valspar Signature Colors Interior Paint at Lowe's, and will be issued through a rebate for up to two gallons of a replacement Valspar paint color.

April 10, 2012

Valspar Paint has announced a replacement guarantee for Lowe’s customers who buy a gallon of paint and are simply dissatisfied with the color. From now until Oct. 8, 2012, Valspar is offering a free replacement color to anyone who does not “absolutely love” their first color choice. The Love Your Color Guarantee applies only to purchases of Valspar Signature Colors Interior Paint at Lowe's, and will be issued through a rebate for up to two gallons of a replacement Valspar paint color.

March 5, 2012

Paint manufacturer Valspar has announced that John Wardzel has joined the company as senior VP global operations, reporting to Steven Erdahl, executive VP. In this role, Wardzel will provide executive leadership of Valspar’s global operations and becomes an officer of the company.

March 5, 2012

Paint manufacturer Valspar has announced that John Wardzel has joined the company as senior VP global operations, reporting to Steven Erdahl, executive VP. In this role, Wardzel will provide executive leadership of Valspar’s global operations and becomes an officer of the company.

February 22, 2012

Brenda McCormick, Valspar’s assistant controller and senior finance director, was promoted to Controller, according to a Feb. 16 filing with the Securities and Exchange Commission (SEC). McCormick also served as  finance director at Valspar. 

In previous experience, McCormick held positions as director financial reporting, planning and analysis at Lawson Software and director financial reporting - consumer products at International Multifoods.

February 22, 2012

Brenda McCormick, Valspar’s assistant controller and senior finance director, was promoted to Controller, according to a Feb. 16 filing with the Securities and Exchange Commission (SEC). McCormick also served as  finance director at Valspar. 

In previous experience, McCormick held positions as director financial reporting, planning and analysis at Lawson Software and director financial reporting - consumer products at International Multifoods.

February 14, 2012

Paint manufacturer Valspar reported first-quarter sales of $885.6 million, a 5.1% increase from the first quarter of 2011. Net income for the first quarter, which ended Jan. 27, was $55.8 million, compared with net income of $33.4 million in the same quarter a year ago.

February 14, 2012

Paint manufacturer Valspar reported first-quarter sales of $885.6 million, a 5.1% increase from the first quarter of 2011. Net income for the first quarter, which ended Jan. 27, was $55.8 million, compared with net income of $33.4 million in the same quarter a year ago.

December 22, 2011

The Valspar Corp. has announced the opening of a new research and development center in Shunde, China. The Valspar Applied Science and Technology Center will employ more than 200 scientists to support the continued growth of Valspar in Asia Pacific and Valspar’s research and development on a global basis.

November 22, 2011

Paint supplier Valspar Corp. reported net sales of $1.05 billion for its fourth fiscal quarter, a 19.4% increase from the fourth quarter of 2010. The Minneapolis-based company posted a net loss of $295.7 million for the quarter, which ended Oct. 28, 2011. This compares to a profit of $51.3 million for the same quarter in 2010.

Fiscal year 2011 sales totaled $3.95 billion, a 22.5% increase from fiscal year 2010. Net loss for fiscal year 2011 was $138.6 million. Net income for 2010 was $222.1 million.

August 22, 2011

Hardware distributor House-Hasson Hardware added some 2,500 new items to its paint sundries inventory, allowing paint store-within-a-store concepts for its members.

House-Hasson president Don Hasson said an example of the store-within-a-store concept will be set up at the company’s upcoming dealer market, scheduled Sept. 29 to Oct. 1 at the Wilderness Resort in Pigeon Forge, Tenn.