Valspar

Axalta Coating Systems completed the purchase of Valspar's North American Industrial Wood Coatings business for an estimated $420 million. The deal closed on June 1, 2017, contingent on Sherwin-Williams' acquisition of Valspar.

The Sherwin-Williams Company announced it has completed its acquisition of The Valspar Corporation. Valspar shareholders will receive $113 per share in cash. The combined company generated pro forma 2016 revenues of $15.8 billion.

Axalta Coating Systems has entered into a definitive agreement to acquire the assets related to Valspar's North American Industrial Wood Coatings business, which had revenues of approximately $225 million in 2016.

Axalta Coating Systems agreed to acquire Valspar's North American Industrial Wood Coatings business from Sherwin-Williams and Valspar for $420 million in cash, as part of regulatory approvals for Sherwin-Williams' acquisition of Valspar.

The Sherwin-Williams Co. and The Valspar Corp. have extended the termination date of the definitive agreement under which Sherwin-Williams will acquire Valspar from March 21, 2017 to June 21, 2017.

The Valspar Corp. expanded production capacity of its automotive refinish coatings products at U.S.-based manufacturing facilities.