Global Top 10
1. AkzoNobel nv
Amsterdam, the Netherlands +31-20-502 7833
www.akzonobel.com
Chairman of the Board of Management: Hans Wijers
Coatings Sales: $9.628 billion (€6.537 billion)
Akzo Nobel is the world’s largest coatings manufacturer and holds leading positions in most of its business. Despite difficult market conditions, coatings reported excellent performance with revenue growth at 5 percent, reaching €6.537 billion ($9.628 billion). Its portfolio includes decorative paints; products for industrial applications including powder and specialty coatings; car refinishes; marine, protective and aerospace coatings; and coatings-related products such as wood and building adhesives. Brands include global and household names such as International®, Sikkens®, Crown®, Interpon®, Levis® and Sadolin®.
Parent Company: Akzo Nobel, Amsterdam, the Netherlands
Source: 2007 annual report, press releases, company contact
Recent Acquisitions and Divestments: In November 2007, Akzo sold Organon BioSciences (OBS) to Schering-Plough Corp. The company also finalized the aquisition of Imperial Chemical Industries plc (ICI) on January 2, 2008. Akzo intends to consolidate its position as the world leader in decorative paints and performance coatings in all product markets. It will focus on growth in the emerging markets of Asia, Eastern and Central Europe, and South and Central America through a combination of organic growth and selected acquisition. It intends to strengthen its position in key mature markets through small and medium-sized acquisition. In July 2007, the company’s Powder Coatings business opened its first production plant in Russia. In January 2008, the Powder Coatings business opened a landmark facility in Dubai, strengthening its presence in the Middle East. Further expansion in China in 2007 included opening manufacturing plants in Chengdu, Sichuan province, and a new Decorative Coatings site in Langfang in northern China.
2. PPG Industries Inc.
Pittsburgh
412/434.3131
www.ppg.com
Chairman/CEO: Charles E. Bunch
Coatings Sales: Approx. $7.46 billion
PPG’s coatings business is made up of coatings for auto OEM, auto refinish, industrial, architectural, aerospace, packaging, and protective and marine applications. PPG is the technology leader in coatings for the wood-flooring industry. Additionally, PPG is a leader in the supply of paints for consumer electronics, including cell phones, personal digital assistants (PDAs) and computers. It is the largest producer worldwide of transportation OEM and refinish coatings. It also has a global position in industrial and packaging coatings and is a major player in architectural coatings in the United States. Coatings represent about 67 percent of 2007 corporate sales of $11.2 billion. Industrial Coatings sales increased $410 million or 13 percent in 2007. Performance Coatings net sales increased $720 million or 23 percent in 2007.
Source: 2007 Annual Report, company website, company contact
Recent Acquisitions and Divestments: In 2007, South Africa-based Barloworld, Ltd. sold its Australian architectural paint unit, Barloworld Coatings Australia, to PPG Industries. PPG also completed its acquisition of the architectural and industrial coatings businesses of Renner Sayerlack, S.A., Gravatai, Brazil, and acquired certain assets of Champion Coatings, Inc., of Houston. PPG completed the acquisition of the SigmaKalon Group, a worldwide coatings producer based in Uithoorn, the Netherlands, on Jan. 2, 2008.
3. DuPont Coatings & Color Technologies Group
Wilmington, DE
302/774.1000
www.dupont.com
Chairman/CEO: Charles O. Holliday Jr.
Group V.P.: Terry Caloghiris
Coatings Sales: $6.6 billion
DuPont Coatings & Color Technologies Group’s platform includes its core markets of automotive, collision repair, paper, industrial coatings, architectural coatings and plastics. The company offers high-performance liquid and powder coatings as well as high-performance specialty products. The group is also the largest manufacturer in the world of titanium dioxide. In 2007, global coatings sales were $4.4 billion. North American coatings sales in 2007 are estimated at $1.4 billion. DuPont, the parent company, had worldwide sales of $29.4 billion in 2007.
Parent Company: DuPont
Source: 2007 Annual Report, company website, company contact
Notes: In January 2008, DuPont Performance Coatings opened a plant in the Jiading district of Shanghai. DuPont also entered into an agreement with German automotive coatings manufacturer Bollig & Kemper to use DuPont’s EcoConcept coatings technology in plants in Germany and elsewhere in Europe.
4. Sherwin-Williams Co.
Cleveland
216/566.2000
www.sherwin.com
Chairman & CEO: Christopher M. Connor
Coatings Sales: $6.0 billion
The Sherwin-Williams Co. is engaged in the manufacture, distribution and sale of coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America. The company has three operating segments: Paint Stores Group, Consumer Group and Global Group. Consolidated net sales in 2007 increased $195.5 million, or 2.5 percent, to $8.005 billion in the year, due primarily to strong paint sales by the Global Group and by stores open for more than 12 calendar months in the Paint Stores Group. It is estimated that between 70 to 75 percent of sales, or about $6.0 billion, represents coatings sales, with the remainder being related products, including wallcoverings, floor coverings and application supplies. Sherwin-Williams has company-operated stores in all 50 states, Canada and some countries in Latin America. The company also manufactures and sells coatings such as Dutch Boy®, Pratt & Lambert®, Martin-Senour®, Dupli-Color®, Krylon®, Thompson’s® and Minwax®, plus private-label brands to independent dealers, mass merchandisers and home-improvement centers. Sherwin-Williams produces coatings for original equipment manufacturers in a number of industries and special-purpose coatings for the automotive-aftermarket, industrial-maintenance and traffic-paint markets.
Source: 2007 Annual Report, company website, press releases, company contact
Recent Acquisitions: In 2007, Sherwin-Williams completed seven acquisitions, including four outside the United States. Foreign investments included NITCO, an architectural coatings company in India; Pinturas Industriales, an industrial paint company headquartered in Montevideo, Uruguay; NAPKO, an industrial-maintenance coatings company in Monterrey, Mexico; and Flex Recubrimientos, Acabados Automotrices and related companies, leading manufacturers and distributors of automotive after-market body fillers, putties, primers and other vehicle refinish products headquartered in Monterrey, Mexico. Acquisitions inside the United States included M.A. Bruder, a Philadelphia-based company with 132 paint stores; Spokane-based Columbia Paint & Coatings; and VHT Paint Lines, an aerosol coatings company in Scottsdale, AZ. The company also formed a joint venture with Altair Nanotechnologies, called AlSher Titania, to commercialize a new, low-cost Ti02 pigment manufacturing technology.
In February 2008, Sherwin-Williams announced it had acquired Becker Powder Coatings Inc. in North America. The company also announced it had signed a definitive agreement to acquire the Liquid Coatings Subsidiaries of Inchem Holdings of Inchem Holdings International Ltd., a producer of coatings applied to wood and plastic products in Asia.
5. ICI Paints
Berkshire, UK
+44 1753550000
www.ici.com
Chairman/Chief Exec.: David Hamill
Coatings Sales: $4.835 billion (£2.421 billion)
As of the end of 2007, ICI Paints was a leading international paint business and accounted for 49 percent of the Group’s continuing sales in 2007.
Notes: On January 2, 2008, AkzoNobel purchased ICI. In May 2008, AkzoNobel announced that the ICI name will no longer be used, but the ICI logo will continue to appear on relevant products during the migration period.
6. BASF Coatings AG
Münster, Germany
+0049 25 01 140
www.basf-coatings.com
CEO/President: Raimar Jahn
Coatings Sales: $4.007 billion (€2.587 billion)
BASF Coatings, a division of the world’s largest chemical company, BASF, produces and markets a high-quality range of automotive OEM paints, automotive refinish and industrial coatings as well as decorative paints. When it comes to automotive OEM coatings, BASF Coatings is among the top three global leaders. For its industrial coatings, the company focuses on coil, foil, liquid and powder coatings. BASF’S architectural coatings activities are based in Europe and South America. Since the integration of the RELIUS Group in early 2007, BASF Coatings offers construction paints for interior and exterior applications as well as external wall insulation systems in Europe. 2007 coatings sales increased 7 percent from 2006.
Parent Company: BASF
Source: 2007 Annual Report, company website, company contact
Notes: In 2007, BASF Coatings opened a new training center in Shenyang, China, for the company’s refinish coatings product users.
7. Valspar Corp.
Minneapolis
612/332.7371
www.valspar.com
Chairman of the Board/CEO: William L. Mansfield
Coatings Sales: $2.941 billion
Valspar achieved growth of 9.1 percent in 2007. The company operates its coatings-related businesses in two reportable segments: Paints and Coatings. Sales in the Paints segment increased 10.5 percent (2007 revenue of $1,088.8 million) and 10.0 percent in the Coatings segment (2007 revenue of $1,851.7 million), for a total coatings sales of $2,941 billion. Sales growth was driven by strong performance in new acquisitions and international operations. International sales rose 34 percent to $1.2 billion. The company’s fastest-growing markets are China, Latin America and Eastern Europe. In 2007, revenues from Asia increased more than 80 percent.
Source: 2007 Annual Report, company website, company contact
Notes: In Sept. 2007, Valspar acquired Teknos Nova Coil TNC Oy, a Helsinki-based manufacturer of high-performance coil coatings widely used in the construction industry. The company also successfully transitioned Lowe’s premium paint line to the Valspar brand and introduced Cabot stains at stores across the United States.
8. SigmaKalon Group BV
Uithoorn, the Netherlands
www.SigmaKalon.com
CEO: Pierre-Marie De Leener
Coatings Sales: $2.9 billion
As of January 2, 2008, SigmaKalon Group BV was purchased by PPG Industries and is now a subsidiary of PPG. With a portfolio of leading brands, SigmaKalon is a worldwide player in decorative, marine, protective and industrial coatings. SigmaKalon Group BV is headquartered in Uithoorn, the Netherlands, and was formed in 1999 from a subsidiary of Total SA. The company employs around 10,000 people in more than 40 countries, with a focus on Europe, Asia and Africa. It has plants and research and development facilities in Poland, Germany, the Netherlands and Belgium. SigmaKalon USA LLC was formed on Feb. 1, 2006, in Houston as a Sales, Marketing and Technical group and as an integral part of the Protective Coatings (Industrial) & Marine operating unit of the SigmaKalon worldwide company.
Source: Company website, company contact
9. Nippon Paint Co.
Osaka, Japan
+81.6.64581111
www.nipponpaint.co.jp
President: Makoto Matsuura
Coatings Sales: $2.4 billion
Japan’s oldest paint company is also its largest. Nippon Paint produces coatings for the automotive and marine markets as well as other industrial products. It also makes paints for residential and commercial buildings and for the do-it-yourself market. Nippon Paint’s manufacturing operations are located principally in Asia, but the company also has facilities in North America and Europe. In the United States, it has two subsidiaries that manufacture and sell paints: NB Coatings (liquid automotive coatings for plastic) and NPA Coatings (automotive body coatings and powder coatings).
Source: Company contact
10. RPM International Inc.
Medina, OH
330/273.5090
www.rpminc.com
CEO/President: Frank C. Sullivan
Coatings Sales: $2.1 billion
RPM is a holding company with subsidiaries that are world leaders in specialty coatings and sealants serving both industrial and consumer markets. Industrial products include corrosion control coatings, flooring coatings and specialty chemicals. Major industrial brands are Stonhard, Tremco, Illbruck, Carboline, Day-Glo and Dryvit. Consumer products are used by professionals and do-it-yourselfers for home maintenance and improvement, boat repair and maintenance, and by hobbyists.
Subsidiaries: A/D Fire Protection, Alteco Technik, Carboline, Chemical Coatings, Day-Glo, Dryvit Systems, Guardian Protection Products, Tremco illbruck, Kop-Coat, Mantrose-Haeuser, Martin Mathys, Modern Masters, New Parks, Nullifire, Republic Powdered Metals, RPM Wood Finishes, RPM/Belgium, Rust-Oleum, Stonhard, TCI, Testors, Tor Coatings, Tremco, Westfield Coatings, Wolman and Zinsser.
Parent Company: RPM International Inc.
Source: Company contact, 2007 annual report, press releases
Notes: Recent transactions include the acquisition of $85-million Flowcrete Group in April 2008, Euclid Chemical’s acquisition of $15-million Increte Systems in March 2008, Tremco’s acquisition of $39-million Prosytec in March 2008, the $45-million divestiture of its Bondo subsidiary and StonCor’s acquisition of $30-million Star Maling in Sept. 2007.
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