Sherwin-Williams worked with Spanish contractor Tecnicas Reunidas on Saudi Aramco's Ras Tanura refinery clean fuels and aromatics project, supplying its Heat-Flex Hi-Temp 1200 coating for corrosion and high-heat protection of oil and gas bulk valves.
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 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.