This issue of PCI features the 17th annual listing of the top coatings manufacturers in the world. With the constraints of a more compact magazine and the continued consolidation of the coatings industry, the editors decided this would be the year to cut the list down to the Top-10 global leaders and the Top-25 North American companies. We ranked both groups of companies according to their worldwide 2008 global coatings sales figures. All ranking numbers in red indicate a tie for that placement.
Because of the acquisitions of ICI by AkzoNobel and SigmaKalon by PPG, two spots opened up for the global Top-10 list. Those spots have been filled by Kansai Paint Co., Ltd., a Japanese company specializing in automotive and industrial paints, and Norway-based Jotun, a company specializing in decorative and powder coatings. The top 25 U.S. paint manufacturers have remained amazingly stable during the past year, with almost every company maintaining the position it held in 2008. Despite the global economic downturn, the coatings industry has managed to stay relatively stable. And while few companies posted gains, most companies’ sales figures showed the industry maintaining itself through these challenging economic times.
While the PCI staff made every effort to seek out the top companies in the industry, we may have inadvertently omitted some. Please contact Karen Parker at parkerpcimag@gmail.com if you have interest in being included next year.
Global Top 10
Akzo Nobel nv1. Amsterdam, the Netherlands
+31-20-502 7833
www.akzonobel.com
Chairman of the Board of Management: Hans Wijers
Coatings Sales: $13.4 billion (€ 9.6 billion)
AkzoNobel is one of the world’s leading industrial companies. The company’s 2008 revenue totaled €15.4 billion. AkzoNobel is the largest global paint and coatings company. As a major producer of specialty chemicals, it supplies industries worldwide with quality ingredients for life’s essentials. The company has 60,000 employees, based in more than 80 countries. AkzoNobel coatings brands include global and household names such as International®, Sikkens®, Glidden®, Dulux®, Crown®, Interpon®, Levis® and Sadolin®.
Parent Company: AkzoNobel, Amsterdam, the Netherlands
Source: 2008 Report, press releases, company contact
Recent Acquisitions and Divestments: As part of the acquisition of ICI in early 2008, AkzoNobel sold Para and Crown Diamond decorative paints brands in Canada to General Paint Corp. in June 2008; and in August 2008, the company sold the Crown Paints decorative paints businesses in the UK and Ireland to Endless LLP and divested two of its Belgian brands to Rieu Investissements S.A. In September 2008, the company purchased durable paint and bright films manufacturer Soliant LLC and the global floor coatings business of Lord Corp., both of which are based in the United States. In October 2008, the company acquired the Enviroline business from Industrial Environmental Coatings Corp. Enviroline is a specialist supplier of high-performance, corrosion-resistant linings. In April of this year, AkzoNobel Industrial Finishes purchased the wood adhesives activities of Kronochem, the chemical arm of Kronospan, a producer of wood panels, MDF, chipboard, laminate flooring and board resins. This year, AkzoNobel agreed to divest its non-stick coatings business to U.S.-based Whitford Worldwide, Elverson, PA. In August 2008, the company opened a facility for the manufacture and sale of protective coatings in Suzhou, China. In November 2008, the company announced the ground breaking of a new industrial finishes plant near Bangalore, India. The new facility will produce coil and specialty plastic coatings.
2. PPG Industries Inc.
Pittsburgh
412/434.3131
www.ppg.com
Chairman/CEO: Charles E. Bunch
Coatings Sales: Approx. $10.1 billion
PPG’s global coatings businesses comprise 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 and computers. It is the largest producer worldwide of transportation OEM and refinish coatings. Coatings represented about 69 percent of 2008 corporate sales of $15.8 billion. Industrial Coatings net sales increased $353 million or 10 percent in 2008. Performance Coatings net sales increased $905 million or 24 percent in 2008. The newly acquired Architectural Coatings – EMEA net sales reached $2.25 billion in 2008.
Source: 2008 Annual Report, company Web site, company contact
Recent Acquisitions and Divestments: In January 2008, PPG completed the acquisition of the SigmaKalon Group, a worldwide coatings producer formerly based in Uithoorn, the Netherlands. In late 2008, PPG acquired the automotive refinish coatings business, Bonny Coatings, based in Guangzhou, China. The company also acquired Vanex Inc., Mount Vernon, IL, a supplier of the Plascron® and Breakthrough® brand water-based industrial coatings.
3. DuPont Coatings & Color Technologies Group
Wilmington, DE
302/774.1000
www.dupont.com
Chairman/CEO: Ellen J. Kullman
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 2008, global sales were 21 percent of 2008 corporate sales of $30.9 billion. North American sales were 6 percent lower, offset by a 9-percent sales increase in Asia and 4-percent sales increase in Europe. Industrial and plastic coating sales increased 3 percent in 2008, partially offset by a less than 1-percent decrease in automotive and collision repair sales.
Parent Company: DuPont
Source: 2008 Annual Report, company Web site, company contact
Notes: In January 2008, DuPont Performance Coatings opened a plant in the Jiading district of Shanghai, China. In July 2008, a High-Performance Coatings Technical Center was opened in Yaroslav, Russia, with JV partner Russkie-Kraski. In the second half of 2009, a plant will open in Savli, India, serving the refinish market.
4. Sherwin-Williams Co.
Cleveland
216/566.2000
www.sherwin.com
Chairman & CEO: Christopher M. Connor
Coatings Sales: $5.98 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 2008 decreased slightly by $25 million, or 0.3 percent, to $7.980 billion in the year, due primarily the weak U.S. housing market and worsening U.S. economic conditions. It is estimated that between 70 to 75 percent of sales, or about $5.98 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: 2008 Annual Report, company Web site, press releases, company contact
Notes: In July 2008, the company acquired the liquid coatings subsidiaries of Inchem Holdings International Limited, a producer of coatings applied to wood and plastic products in Asia. In December 2008, the company closed a definitive agreement to acquire Euronavy-Tintas Maritimas e Industriais S.A. of Portugal. Euronavy creates marine and protective coatings applied to ships, off-shore platforms, storage tanks, steel, concrete and flooring. In February 2009, the company agreed to acquire Altax Sp. zo.o, Poznan, Poland. Altax produces protective wood-care coatings.
5. BASF Coatings AG
Münster, Germany
+0049 25 01 140
www.basf-coatings.com
CEO/President: Raimar Jahn
Coatings Sales: $4 billion (€2.5 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.
Parent Company: BASF SE
Source: Company contact
Notes: In 2008, BASF Coatings opened its new production site in Pavlovskij Posad, Russia. Also in 2008, BASF opened its third Refinish Competence Center in Shenyang, Kunshan, Beijing, China.
6. The Valspar Corp.
Minneapolis
612/851.7000
www.valspar.com
Chairman of the Board/CEO: William L. Mansfield
Coatings Sales: $3.180 billion
Valspar achieved total sales growth of 7.2 percent in 2008. The company operates its coatings-related businesses in two reportable segments: Paints and Coatings. Sales in the Paints segment increased 3.5 percent (2008 revenue of $1,127.1 million) and 10.9 percent in the Coatings segment (2008 revenue of $2,053.7 million), for total coatings sales of $3,180.8 million. Factors contributing to sales growth included new business and the growing strength of the Valspar and Cabot brands in North America and the Huarun brand in China. Driven by the strong performance of acquisitions, international sales rose 18 percent to $1.42 billion and now account for more then 40 percent of total company sales.
Source: 2008 Annual Report, company Web site, company contact
Notes: In February 2008, the Valspar Board of Directors elected Gary E. Hendrickson as President and Chief Operating Officer and elected Lori A. Walker as Senior Vice President and Chief Financial Officer.
7. Kansai Paint Co., Ltd.
Osaka, Japan
+81.6.6203 5531
www.kansai.co.jp
President: Shoju Kobayashi
Est. 2008 Global Coatings Sales: $2.506 billion
Kansai Paint Co., Ltd. has gained global stature as a pace-setting manufacturer of paint and coatings used in Japan, Europe and the Americas, as well as China, India and other Asian countries. Core business areas include Automotive Coatings, which accounts for approximately 45 percent of sales; Industrial Coatings, which accounts for approximately 22 percent of sales; Decorative Coatings, which accounts for approximately 17 percent of sales; and Marine and Protective Coatings, which accounts for approximately 7 percent of sales. Kansai has a high market share in auto coatings. Products supplied by Kansai Paint and its Group companies also find application in industrial products, housing, office buildings, ships, bridges, plants and other steel structures, automobiles, buildings, construction equipment, metal furniture, wood products, beverage cans, household electric goods, chemical plants, storage tanks, industrial machinery, bridges, containers, ships, and home paints. ALESCO is the corporate brand for Kansai Paint.
Source: 2008 corporate report, company Web site
8. RPM International Inc.
Medina, OH
330/273.5090
www.rpminc.com
Chairman/CEO/President: Frank C. Sullivan
Coatings Sales: $2.4 billion for fiscal year ended May 31, 2008
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, Agpro, Alteco Technik, Carboline, Chemical Coatings, Chemical Specialties, Compact Technology, DAP, Dane Color, Day-Glo, Dryvit, Ecoloc, Euclid Admixture, Euclid Chemical, Eucomex, Fibergrate, Flowcrete, Guardian Protection, Increte Systems, Kop-Coat, Mantrose-Haeuser, Martin Mathys, Modern Masters, New Parks, Nullifire, Paramount Technical, Productos Cave, Radiant Color, Republic Powdered Metals, RPM/Belgium, RPM Wood Finishes, Rust-Oleum, Star Maling, Stonhard, TCI, Testors, Tor Coatings, Toxement, Tremco , Vandex, Watco, Weatherproofing Technologies, Westfield Coatings, Wolman and Zinsser.
Parent Company: RPM International Inc.
Source: Company contact, 2008 annual report, press releases
Notes: Recent transactions include Tremco illbruck’s acquisition of $13.4-million Karochemie AG and Carboline’s joint venture in $10-million Carboline Dalian Paint in Feb. 2009. In April 2009, Tremco acquired the $6-million Canam Building Envelope Specialists and its Zerodraft weatherproofing division.
9. Nippon Paint Co.
Osaka, Japan
+81.6.64581111
www.nipponpaint.co.jp
President: Kenji Sakai
Coatings Sales: $2.2 billion
Japan's oldest paint company is also one of its largest. Founded in 1881, Nippon Paint produces paints and coatings for the automotive market, the marine coatings market, as well as 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 is 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. Jotun
Sandefjord, Norway
47 33 45 70 00
www.jotun.com
President and CEO: Morten Fon
Coatings Sales: $1.87 billion
The Jotun Group is a leading manufacturer of paints, coatings and powder coatings. It has 71 companies and 40 production facilities on all continents. The Jotun group consists of four divisions. Jotun Dekorativ, responsible for Jotun’s decorative paints, stains and varnish deliveries in Scandinavia; Jotun Paints, responsible for decorative paints in markets outside Scandinavia; Jotun Coatings, a global segment responsible for marine protective coatings and decorative paints in local European and selected Asian markets; and Jotun Powder Coatings, responsible for powder coatings. The Jotun Group employees 7,200 people worldwide.
Notes: In 2008, the company launched Jotatemp 650, a specialty coating developed for the Hydrocarbon Processing segment, designed to combat Corrosion Under Insulation (CUI) issues. In March 2008 the company opened a new factory in Pune, India. The plant will have a capacity to produce up to 50 million litres of wet paint and 5,000 metric tons of powder coatings. Jotun Coatings plans to open a new production facility in Korea in 2009.
Source: 2008 Annual Report, company Web site
The PCI 25
1. PPG Industries Inc.Pittsburgh
412/434.3131
Coatings Sales: Approx. $10.1 billion
2. DuPont Coatings & Color Technologies Group
Wilmington, DE
302/774.1000
Coatings Sales: $6.6 billion
3. Sherwin-Williams Co.
Cleveland
216/566.2000
Coatings Sales: $5.98 billion
4. The Valspar Corp.
Minneapolis
612-851-7000
Coatings Sales: $3.180 billion
5. RPM International Inc.
Medina, OH
330/273.5090
Coatings Sales: $2.4 billion
6. Behr Process Corp.
Santa Ana, CA
714/545.7101
www.behr.com
CEO/President: Jeff Filley
Coatings Sales: $1.629 billion
Masco’s Decorative Architectural Products segment includes Behr Process Corp. and Masterchem Industries, LLC.
Already a leader in the DIY market with The Home Depot, Behr introduced Behr Premium Select paint for professional application by Masco Contractor Services into the new home construction channel.
Established more than 40 years ago, Masterchem Industries sells under the brand names of Kilz®, Casual Colors®, Expressions®, Hammerite® and others. These brands are sold through big-box stores, national retailers, paint and hardware stores and distributors. Kilz, which is the number-one primer brand in the United States, launched the Casual Colors paint line in 2003 at Wal-Mart.
Parent Company: Masco Corp.
Source: 2008 Annual report, company Web site, company contact
7. Comex Group
Mexico City
www.comex.com.mx
CEO: Marcos Achar
President, U.S./Canada Div.: Elías Revah
President, Mexico Div.: Leon Cohen
Coatings Sales: $1.45 billion
Comex Group was formed with the consolidation of Professional Paint Inc. and Comex. Professional Paint Inc. now operates as the U.S. and Canadian Division and Comex Paint as the Mexico division. Mexico’s largest paint manufacturer, Comex Paint is the leading architectural paint brand in Mexico. In addition to architectural paints, Comex manufactures industrial coatings, automotive paints, roof coatings, wood-care products and aerosols. The company distributes its products through over 3,000 independent paint stores (Mexico Division) and 380 company-owned stores (U.S. and Canada Division). It operates a total of 13 plants, four in Mexico, seven in the United States and two in Canada.
Subsidiaries: Comex, Color Wheel, Frazee, General Paint, Kwal, Parker and Duckback
Source: Company contact
Notes: In 2008, the company acquired the assets and brands of Para Paints and Crown Diamond in Canada.
8/9. BASF Coatings
Southfield, MI
800/347.2273
www.basf.com
Group Vice President: Juan Carlos Ordonez
Coatings Sales: $1 billion
BASF is the world’s leading chemical company, with products including chemicals, plastics, coatings systems, dispersions, agricultural products, fine chemicals, as well as crude oil and natural gas. Coatings sales in North America include but are not limited to automotive OEM and refinish, industrial coatings products, and high-performance industrial maintenance coatings.
Parent Company: BASF, SE
Source: Company contact
8/9. Benjamin Moore & Co.
Montvale, NJ
201/573.9600
www.benjaminmoore.com
President/CEO: Denis Abrams
Coatings Sales: $1 billion
Benjamin Moore & Co. is primarily a North American paint company. Its products are well known and sold nationally through independent paint stores. It specializes in architectural coatings with some industrial maintenance coatings. The company has a small amount of sales overseas.
Parent Company: Berkshire Hathaway Inc.
Source: Company contact, company Web site
Notes: In March 2008, the company purchased select assets and brands of Insl-x Products Corp.
10. Ennis Paint Inc.
Ennis, TX
972/875.7272
www.ennispaint.com
Chairman: W. Bryce Anderson
Global Director: John Anderson
Coatings Sales: $361 million
Ennis Paint Inc. continues a long history of pavement markings that date back to the 1960s. Ennis Paint is a world leader in both traffic paint and thermoplastics.
Source: Company contact
11. Rohm and Haas Co.
Philadelphia
215/592.3000
www.rohmhaas.com
Chairman, President and CEO: Raj L. Gupta
Coatings Sales: $334 million
Rohm and Haas is a major specialty-chemical company with worldwide operations. The powder coatings business offers a strong portfolio of powder coatings in a variety of colors, textures, finishes and unique end-use properties that are utilized within the consumer, automotive, architectural, industrial and general metal-finishing industries. The company’s coatings are found on a wide variety of products, from door handles to patio and deck furniture, under-hood components, industrial shelving, and architecture. Rohm and Haas has powder coatings operations in Europe, South America and Asia.
Source: 2008 SEC filings, press release
Notes: In April of 2009, Rohm and Haas was purchased by The Dow Chemical Co. (Dow). Dow has combined Rohm and Haas with some of its specialty chemical businesses to create a new Advanced Materials division. Pierre Brondeau was named President and CEO of this division, which includes Coatings, Building and Construction, Specialty Materials, Adhesives and Functional Polymers, and Electronic Materials. In April 2009, the company announced plans to exit its current powder coating production site at Castellón, Spain, and build a new and smaller facility in the same area.
12. Dunn-Edwards Corp.
Los Angeles
323/771.3330
www.dunnedwards.com
CEO: Kenneth N. Edwards
President/COO: Karl Altergott
Coatings Sales: $329 million
Dunn-Edwards operates 103 stores in five western states: California, Arizona, New Mexico, Nevada and Texas. Dunn-Edwards is a leading manufacturer and supplier of architectural and industrial coatings, providing a complete line of paints and professional painting supplies. The company caters to architects, designers, painting contractors, homebuilders and property managers in the Southwest. It also serves do-it-yourselfers, although professionals account for a majority of sales. The company has launched two unique new online tools: A Spec Guide based on project type (i.e. schools, health-care facilities) and a Color Reference Center where home owners associations and property management companies can archive approved color schemes for convenient access.
Source: Company contact, company Web site
Notes: In September 2008, the company announced plans to build a 40,000-square-foot coatings technology center on its Los Angeles campus.
13. Kelly-Moore Paint Co., Inc.
San Carlos, CA
800/874.4436
www.kellymoore.com
President: Steve DeVoe
Coatings Sales: Approximately $300 million
Headquartered in San Carlos, CA, Kelly-Moore is one of the largest employee-owned paint companies in the United States. Each employee-owner is committed to offering exceptional customer service. A leader and innovator of waterborne coating technology, Kelly-Moore was the first company to offer recycled paints. Trusted and preferred by professionals since the 1960s as the “Painter’s Paint Store” for its high-quality performance and consistency, Kelly-Moore’s paints are safe and easy –to use. Kelly-Moore has 163 retail stores in eight states: Arkansas, California, Idaho, Nevada, Oklahoma, Oregon, Texas and Washington.
Source: Company contact, press releases
Notes: In April 2009, the company introduced two zero-VOC, low-odor paint lines: Enviro Coat and Green Coat.
14. Cloverdale Paint Inc.
604/569.6261
Surrey B.C., Canada
www.cloverdalepaint.com
CEO: C.A. (Al) Mordy
Rodda Paint Co.
800/242.3713
Portland, OR
www.roddapaint.com
COO: Bill Boone
Coatings Sales: $237 million (combined)
Cloverdale Paint Inc. and its subsidiaries, Rodda Paint Co., Fargo Paint & Chemicals Inc., and Guertin Coatings, Sealants & Polymers Ltd., operate through 107 corporate-owned locations covering western Canada as well as Washington, Oregon, Idaho and Alaska. They employ 1,100 employees and operate five production facilities. The companies manufacture architectural paint and industrial coatings along with certain powder coatings, specialty resins and sealant products. Combined markets include sales to a wide variety of professional, commercial, industrial, marine, private-label and DIY customers as well as a network supporting Cloverdale Paint and Rodda Paint independent dealers throughout the Pacific Northwest region.
Source: Company contact, company Web sites
15. TIGER Drylac U.S.A. Inc.
Ontario, CA
800/243.8148
www.tiger-coatings.us
CEO: Larry McNeely
Coatings Sales: $220 million
TIGER Drylac U.S.A. Inc. is a high-quality manufacturer of top-of-the-line powder coatings and boasts the largest selection of powder coatings in every type of chemistry. It serves a wide variety of business sectors, including the architectural, MDF, glass and automotive industries. TIGER Drylac U.S.A. Inc. was established in 1984 and operates five warehouse facilities in the United States (California, Illinois, Pennsylvania, Georgia and Texas) plus ships from several additional distribution centers. The company’s production network includes three facilities in the United States in California, Illinois and Pennsylvania. TIGER is the fifth-largest powder manufacturer in the world.
Source: Company contact
16/17. Nippon Paint U.S. Subsidiaries
Coatings Sales: $200 million (combined)
NB Coatings Inc.
Lansing, IL
708/474.7000
www.nbcoatings.com
COO/President: Tim Ruberry
A subsidiary of Nippon Paint Co., NB Coatings is the leading supplier of liquid coatings for plastic automotive parts in North America. Working closely with OEMs and tiers around the globe, it provides a complete line of custom coatings for fascia, exterior trim, interior trim and lens applications. In addition to automotive paint, NB Coatings also offers resins and liquid dispersions to a variety of end markets.
NPA Coatings Inc.
Cleveland
216/651.5900
President: Masaru Sumida
NPA Coatings, another subsidiary of Nippon Paint Co., manufactures and sells powder coatings, automotive body coatings, pretreatment chemicals and transit film to customers in the general industrial and automotive markets.
Source: Company contact
16/17. True Value Co.
Chicago
773/695.5000
www.truevaluecompany.com
Chairman: Brian A. Webb
President/CEO: Lyle G. Heidemann
Estimated Coatings Sales: Approx. $200 million
True Value Co. manufactures exclusive paint brands for its retail identities as well as private-label brands for third-party accounts. Paint is manufactured under the EasyCare and Weatherall brands in Cary, IL, and distributed nationally to its core hardware stores.
True Value Co. is one of the largest hardware cooperatives in the world, with sales of $2 billion in 2007. True Value Co. serves approximately 5,400 independent retailers operating under the store identities of True Value, Grand Rental Station, Taylor Rental, Party Central, Home & Garden Showplace and Induserve Supply.
Source: Company contact
18. Vogel Paint, Inc.
Orange City, IA
712/737.8880
www.vogelpaint.com
President/CEO: Drew F. Vogel
Coatings Sales: $147 million
Vogel Paints was established in 1926 as a manufacturer of barn paints and creamery maintenance enamels. It entered the liquid industrial coatings market in the 1950s and began to build a fleet of company stores selling architectural paints and heavy-duty maintenance coatings in the 1970s. The company formed the Peridium powder coatings division in 1998 and built a new powder coatings production facility in 2003. Today, the company operates over 70 company stores and seven manufacturing plants and distribution centers in 13 states. It markets under the principal brand names of Diamond Vogel Paints, Old Masters Decorative Wood Finishes, Peridium Powder Coatings and Van Sickle Paints.
Source: Company contact
19. Ace Hardware Corp.
Oakbrook, IL
630/990.6600
www.acehardware.com
CEO/President: Ray A. Griffith
Chairman of the Board: Dave Ziegler
Coatings Sales: $140 million
Ace Hardware is the largest retailer-owned hardware cooperative in the industry. According to J.D. Power and Associates, Ace ranked "Highest in Customer Satisfaction among Home Improvement Stores" for the second consecutive year in 2008. Ace manufactures a full assortment of paints, stains, primers and light industrial products with its primary business centered on the Ace ROYAL brand. It also manufactures private-label brands for third-party accounts. Ace currently operates 14 distribution centers in the United States and one in Shanghai, China. Its 4,600 retailers' stores are located in all 50 states and more than 60 countries. Paint, cleaning and related supplies represent about 22 percent of Ace warehouse sales. In 2008, Ace ranked 5th in Franchise Times Top 200 Franchise Systems for the third consecutive year.
Source: Company contact
20. Spraylat Corp.
Pelham, NY
914/738.1600
www.spraylat.com
CEO: Michael Borner
President: Raymond T. Chlodney
Coatings Sales: $121 million
Spraylat Corp. is an innovative supplier to the product finishing market, offering both decorative and functional coatings. Spraylat offers powder coatings for a wide variety of applications involving powder coatings that exceed AAMA specifications. It offers high-technology coatings, including electrically conductive coatings for EMI/RFI shielding and Polymer Thick Film (PTF) inks for membrane switches and printed antennas. Spraylat’s Liquid Business Unit provides high-performance coatings for heavy equipment, automotive, sign coatings, specialty OEM applications, as well as solutions and coatings for mirror manufacturing. Spraylat’s global operations include locations in North America, Europe and Asia.
Subsidiaries: One Shot LLC, Spraylat GmbH (in Germany), Spraylat Coatings (Shanghai) Ltd. and Spraylat de Mexico
Source: Company contact
21. Tnemec Co., Inc.
Kansas City, MO
800/863.6321
www.tnemec.com
CEO/President: Peter Cortelyou
Coatings Sales: $116 million
Tnemec Co. manufactures more than 100 architectural and industrial coatings, from premium epoxies and polyurethanes to specialized fluoropolymer products, formulated specifically for extreme durability, enduring performance and enhanced aesthetics. Tnemec is a leading supplier of interior and exterior coatings for water storage tanks. Tnemec’s StrataShield brand consists of resinous floor and wall coatings. The company’s Chemprobe subsidiary offers water-repellent and stain products for concrete, masonry and wood.
Subsidiary: Chemprobe Coating Systems
Source: Company contact
22. Quest Specialty Chemicals, Inc.
Seabrook, NH
603/468.1917
www.questsc.com
CEO: Fred Quinn
COO: Gerry Loftus
Coatings Sales: $112 million
Quest Specialty Chemicals is funded through private equity by Huron Capital Partners of Detroit and TBG Capital of Dover, MA. Quest Specialty Chemicals was founded by CEO Fred Quinn. The company is currently under the professional leadership of two experienced managers in the chemical field: Fred Quinn and COO Gerry Loftus. Quest Specialty Chemical’s mission is to acquire and build specialty chemical companies in the coatings arena. Quest Specialty Chemicals seeks enterprises whose core competencies and drive are based on differentiated and defensible product technology in combination with a market-niche strategy focus. Quest Specialty Chemicals has completed six acquisitions in the coatings market since November 2004 and has organized itself into three divisions focusing on transportation, industrial and construction coatings. The mission of these businesses is to repair, restore and preserve the assets of its customer.
Subsidiaries: Matrix System Automotive Finishes LLC, Raabe Co. LLC and Foxcolor, which is now a part of Raabe, Quest Construction Products with the subsidiary brands from HydroStop and United Coatings Manufacturing Co.
Quest Construction Products includes United Coatings Manufacturing Co., which offers a full line of premium-quality protective coatings for a wide range of architectural, industrial and roofing applications. United Coatings operates from its facilities in Spokane, WA, and Tempe, AZ, and a joint venture in China. With distribution in over 40 countries, United Coatings markets its products on a worldwide basis. In November 2007, Quest Specialty Chemicals also acquired HydroStop of Charleston, SC, which provides production capabilities on the East Coast and an extension of its product line with complete roofing systems. Both product lines from United Coatings and HydroStop are now consolidated under the corporate signature of Quest Construction Products.
Matrix System Automotive Finishes LLC in Walled Lake, MI, is the largest independent manufacturer and distributor of automotive refinish paint products in the country. Matrix System markets paints, primers, clearcoats, hardeners and solvents that are used in more than 5,000 body shops on more than 1,000,000 cars per year. In July 2007, Quest Specialty Chemicals acquired Zolatone to extend Matrix System’s sales into the fleet market for finishes, including truck-liner-bed coatings.
Raabe Co. LLC in Menominee Falls, WI, is a leading manufacturer of custom-matched branded touchup paint and provider of private-label aerosol and liquid paint filling services. Raabe’s touchup products consist of ready-to-apply paints that closely match OEM coatings and are used to repair the surfaces of industrial OEM products along all points of the supply chain. The company has a variety of liquid- and aerosol-filling equipment, which allows Raabe to fill a range of aerosol cans and liquid containers, from one-quarter ounce to five gallons, with several different propellant types. Customers are OEM manufacturers, custom coaters/fabricators, arts and crafts marketers, and coatings and specialty chemicals marketers. In July 2005, Raabe acquired Foxcolor and continues to manufacture its product lines
Source: Company contact
23. ELANTAS PDG Inc.
St. Louis
314/621.5700
www.elantas.com
CEO/President: Susan W. Graham
Coatings Sales: $111 million
ELANTAS PDG Inc. was founded in 1919 as The P.D. George Co. and changed its name in March 2007, having been further united under the ALTANA umbrella. It is a premier supplier of specialty polymers for the electrical and electronic industries. The key products of ELANTAS PDG include magnet wire enamel, insulating varnishes and encapsulating resins. It also produces tubing and sleeving varnishes, pultrusion resins, laminating resins, adhesives, and conformal coatings. ELANTAS PDG offers a strong global approach to research, manufacturing and service.
Parent Company: ALTANA, AG, of Germany
Source: Company Web site, press releases, financial report, company contact
Notes: In January 2009, the company unveiled a new, state-of-the-art $11 million blending facility at its facility in North St. Louis, MO.
24. LORD Corp.
Cary, NC
877-ASK-LORD
www.lord.com
CEO/President: Richard L. McNeel
Coatings Sales: $100 million
LORD Corp. designs, formulates, manufactures and markets adhesives, polyurethane coatings, and devices and systems to manage mechanical motion and control noise. It makes coatings for direct sale and for sale to other coatings companies. The company manufactures and sells products worldwide. LORD Corp. is privately held with worldwide sales amounting to over $700 million in 2008.
Source: Company contact
Notes: In May 2009, LORD Corp. launched Autoseal® 3500 coating, an aqueous, low-gloss coating designed for use on dense EPDM glass run channel applications where a high degree of abrasion resistance is needed.
25. Yenkin-Majestic Paint Corp.
Columbus, OH
614/253.8511
www.majicpaints.com
www.yenkin-majestic.com
www.opcpolymers.com
President: Jonathan M. Petuchowski
COO: Andrew O. Smith
Coatings Sales: $98 million
Yenkin-Majestic is a full-line manufacturer of architectural, maintenance and OEM products for waterborne and solventborne industrial applications, including urethanes, epoxies and polyesters. Its full line of paints includes interior and exterior products and a variety of specialties, including a complete farm-paint program and rust-inhibiting coatings. Its OPC Polymers operations serve the U.S. national market, with representation and customers throughout the Americas. Product categories include alkyds, oil-modified urethanes, monomer-modified combinations, high solids, water reducibles, alkyd dispersions, epoxy esters and VOC-compliant vehicles.
Subsidiaries: OPC Polymers
Source: Company contact
Honorable Mentions:
Red Spot Paint & Varnish Co.
Evansville, IN
812/428.9100
www.redspot.com
CEO/President: Hirobumi Araki
Coatings Sales: $92 million
Red Spot is a subsidiary of Fujichem, a US subsidiary of Fujikura Kasei Co., Ltd., Tokyo, Japan. Red Spot has people, facilities and infrastructures in Evansville, IN, and Westland, MI, serving North and South America. Red Spot’s core businesses are automotive interior, exterior and lighting products. Red Spot is the market leader in coatings for automotive lighting, interior rigid applications, laser-etch applications for radio and climate controls, in-mold for instrument panels and door panels, and composite primers and topcoats for automotive body parts. The company continues to expand and provides value-added coatings for power sport vehicles; golf balls, shafts and heads; cosmetic packaging; and other markets where custom solutions are required. Red Spot’s products are sold globally via export and produced globally through licensing and joint ventures.
Source: Company contact
California Products Corp.
Andover, MA
978/623.9980
www.californiapaints.com
CEO/President: Peter Longo
Coatings Sales: $65 million
California Paints, founded in 1926, manufactures architectural coatings for consumers and contractors. California Products produces interior and exterior architectural paints.
Subsidiaries: Plexipave Sport Surfacing Systems, Deco Tennis Surfacing Systems and Fiberlock Technologies Inc.
Source: Company Web site, company contact
Gemini Industries
El Reno, OK
405/262.5710
www.gemini-coatings.com
CEO/President: Roger Woolery
Coatings Sales: $47 million
Founded in 1964, Gemini Industries is an employee-owned company that manufactures and distributes an extensive line of coatings, aerosol products and touchup materials for the architectural wood-finishing market. A sophisticated line of high-performance coatings for cabinetmakers, furniture finishers and refinishes represents 50 percent of sales. It also manufactures a line of EPA-registered wood preservatives and related products for use on exterior decks, siding and fences. Gemini has five plants and distribution facilities that provide nationwide service.
Parent Company: Gemini Industries
Source: Company contact
Daubert Chemical Co. Inc.
Chicago
708/496.7350
www.daubertchemical.com
CEO/President: Mike Dwyer
Coatings Sales: $47 million
Daubert Chemical Co., founded in 1935, is an industrial coatings manufacturer. It specializes in corrosion-prevention coatings, industrial anti-skid coatings, sound-deadening coatings, specialty adhesives, as well as concentrate formulations to serve the aerosol packaging industry. It primarily markets directly, with some distributor sales.
Parent Company: Daubert Industries
Source: Company contact
Deft Inc.
Irvine, CA
949/474.0400
www.deftfinishes.com
CEO/President: William A. Desmond
Coatings Sales: $42 million
Deft produces a full line of professional-quality, easy-to-use interior wood stains and finishes, as well as commercial and military-specification primers and coatings.
Source: Company contact
United Gilsonite Laboratories
Dunmore, PA
570/344.1202
www.ugl.com
CEO/President: Thomas White
Coatings Sales: $40 million
United Gilsonite Laboratories (UGL) manufactures over 80 paint-specialty and home-maintenance products that are sold nationally and internationally at hardware stores, home centers, paint stores and lumberyards. Its main brands are Zar and Drylok. UGL exports products to nearly 80 countries.
Source: Company contact
Sheboygan Paint Co.
Sheboygan, WI
920/458.2157
www.shebpaint.com
CEO: Brock Brownrigg
President: Charlie Malingowski
Coatings Sales: $35 million
The Sheboygan Paint Co. formulates and manufactures custom industrial finishes for national distribution. It has a broad product portfolio that includes coatings to service wood, transportation, waste, agricultural and many other general industrial markets. Current technologies include epoxy primers, zinc-rich primers and two-component urethane chemistries.
Source: Company contact
Farrell-Calhoun Inc.
Memphis, TN
90l/526.2211
www.farrellcalhoun.com
President: John A. Ward Jr.
VP Sales & Mktg.: Anthony Ward
Coatings Sales: $31 million
Farrell-Calhoun manufactures architectural and industrial maintenance coatings. The company has distribution throughout the mid-south and southeast through 27 company-owned stores and a network of 100 dealers.
Source: Company contact
The Muralo Co. Inc.
Bayonne, NJ
201/437.0770
www.muralo.com
President: James S. Norton
CEO: Edward F Norton Jr.
Coatings Sales: $29 million
Muralo manufactures a broad line of architectural coatings sold through independent paint stores. With manufacturing located across the United States, Muralo can supply its customers nationally. Muralo also offers Spackle® spackling compound and brush, patch and repair products.
Subsidiaries: Elder and Jenks Inc., Synkoloid, and Graham Paint and Varnish Co.
Source: Company contact
U.S. Paint Corp.
St. Louis
314/621.0525
www.uspaint.com
CEO/President: John Duchardt
Coatings Sales: $31 million
U.S. Paint specializes in the development, manufacture and support of advanced one-component and two-component coatings for plastics. A former key coatings supplier to the marine and aviation markets, U.S. Paint now focuses solely on providing specialty high-appearance coatings for plastics to the automotive, power sports and industrial markets.
Source: Company contact
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