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| Company Profile - PCI Global Leaders 2005
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Sherwin-Williams Co.
Cleveland, Ohio
Phone:216/566.2000
Web Address: http://www.sherwin.com
Estimated Sales:
$4.83 billion
Chairman/CEO: Christopher M. Connor
Sherwin-Williams is the largest architectural coatings producer and marketer in North America. Total sales for 2004 were $6.114 billion, with $637-million external sales of all consolidated foreign subsidiaries. It is estimated that about 79% of sales represent coatings sales, with the remainder being related products, including wall coverings, floor coverings and application supplies. With 3,254 company-owned paint stores, and branches in North and South America, the company maintains a strong position in architectural paint sales to DIY consumers, contractors, and industrial coatings and automotive refinishes. In addition to the main brand, “Sherwin-Williams,” sold only in its paint stores, the company sells coatings under many other brand names through other outlets where paint is sold. In the special-purpose coatings market, the company has strong positions in industrial-maintenance coatings, auto-refinish and aerosol paints. Industrial coatings sales are made both directly and through company-owned industrial stores.
Source: 2004 annual report, 10-K, Web site and press releases
Notes: In September 2004, Sherwin-Williams completed the acquisitions of Duron, Inc., and Paint Sundry Brands Corp. Duron is located in the Baltimore/Washington area and is a major regional manufacturer of architectural and light-industrial coatings designed for the professional contractor. Paint Sundry Brands, a holding company for a variety of assets, manufactures and sells paint brushes and rollers under several brands, including Purdy®, Bestt Liebco® and Symphony™, as well as a full range of other paint applicators. Since the Duron and Paint Sundry Brands acquisitions were completed in September 2004, the four months of data for these entities are not included in the financial data provided. |
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