Chairman/CEO: Richard M. Rompala The company operates its business in two reportable segments: Paints and Coatings. Revenues in 2004 were $802 million and $1.413 billion, respectively. The Paints segment includes interior and exterior decorative paints, primers, varnishes and specialty decorative products, such as enamels, aerosols and faux finishes for the do-it-yourself and professional markets, as well as automotive refinish and high-performance floor coatings. Within the Coatings segment, the Industrial Coatings product line includes decorative and protective coatings for wood, metal, plastic and glass. The Packaging Coatings product line includes coatings and inks for rigid packaging containers. The company’s remaining activities include specialty polymers and colorants that are used internally and sold to other coatings manufacturers, as well as composites (gelcoats and related products) and furniture-protection plans. Source: 2004 annual report, 10-K and press releases Notes: In June 2005, Valspar completed the acquisition of Samuel Cabot Inc., a privately owned manufacturer of exterior and interior stains and finishes. With annual sales of approximately $60 million, Cabot has been family owned since 1877 and is based in Newburyport, Mass. In January 2004, Valspar acquired De Beer Lakfabrieken B.V., a manufacturer and distributor of automotive refinish coatings based in the Netherlands. In August 2004, Valspar acquired selected assets of the Forest Products business of Associated Chemists, Inc., a manufacturer and distributor of wood coatings and chemicals for the pulp and paper industry based in Portland, Oregon.
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