It’s time again for PCI’s annual ranking of the top 10 global and top 25 paint and coating manufacturers. The ranking is based on 2015 coatings sales only. Sales of other non-coating products are not included. PCI’s Karen Parker spends months conducting research for this report, using annual reports, websites, press releases and direct contact with companies to compile the information. The biggest news in the industry this year was the March announcement of an agreement wherein Sherwin-Williams will buy Valspar in a deal valued at more than $9 million. It will be interesting to see how this acquisition will affect the industry. If you have any questions, or feel your company should be included in this ranking, please contact Karen at

Global Top 10

Rankings are based on 2015 coatings sales. Sales of other, non-coating products are not included.

1. PPG



President/CEO: Michael H. McGarry

Coatings Sales (Net): Approx. $14.3 billion

PPG’s global coatings businesses comprise coatings for the aerospace, architectural, automotive OEM, automotive refinish, industrial, packaging, protective and marine, and specialty markets. The company serves customers in markets and aftermarkets for transportation, industrial, consumer products and construction.

In 2015, PPG delivered record full-year adjusted earnings per diluted share from continuing operations of $5.69, up 17% year-over-year. Coatings represented about 93% of PPG’s 2015 total net sales from continuing operations of $15.3 billion, consistent with the prior year. Of this total, the company’s Performance Coatings segment [aerospace, architectural coatings – Americas and Asia Pacific; architectural coatings – EMEA (Europe, Middle East and Africa); automotive refinish, and protective and marine coatings businesses] saw about $8.77 billion in total net sales, and its Industrial Coatings segment (automotive OEM coatings, industrial coatings, packaging coatings, and specialty coatings and materials businesses) saw about $5.48 billion.

Source: 2015 Annual Report, company website, company contact

Notes: Michael H. McGarry became PPG President and Chief Executive Officer, and Charles E. Bunch became Executive Chairman of PPG’s board of directors in September 2015.

The company’s results remained consistent year-over-year in 2015 despite the persistent, unfavorable impact of weaker foreign currencies, which were more than offset by benefits from its earnings-accretive cash deployment, improving sales volumes and its focus on costs.

PPG continued to execute on strategic objectives through the year, with accretive expansion of its coatings portfolio through synergies realized from the successful integration of Comex, which it acquired in late 2014, along with the completion of six other acquisitions. The company deployed more than $400 million in cash for its 2015 acquisitions, which included FLOOD Australia in March, REVOCOAT in April, Consorcio Latinoamericano in June, Cuming Microwave in July, IVC Industrial Coatings in September, and both the remaining interest in the Chemfil Canada joint venture and majority interest in the new Sealants Europe SAS joint venture (with Le Joint Français) in October. Notably, acquisition-related sales contributed 6% year-over-year to PPG’s total net sales in 2015.

Full-year 2015 cash deployment of about $1.15 billion also included about $475 million for capital spending, about $385 million for dividends paid and about $750 million for share repurchases (for about 7.0 million shares). To continue driving organic growth, the company invested to expand and upgrade operations in locations such as Sumaré, São Paulo, Brazil; Laguna de Duero, Valladolid, Spain; and San Juan del Rio, Querétaro, Mexico.

PPG’s year-end cash and short-term investments totaled about $1.5 billion. In 2016, PPG is continuing to focus on increasing organic growth, including continued commercialization of innovative coatings technologies, aggressive cost and productivity initiatives, maintaining a strong balance sheet, and creating value for its shareholders.


2. AkzoNobel



CEO/Chairman of the Board of Management: Ton Büchner

Coatings Sales: $11 billion (€10 billion)

AkzoNobel is a leading global paints and coatings company and a major producer of specialty chemicals. The company supplies industries and consumers worldwide with innovative products and is committed to developing sustainable answers for customers. The company is consistently ranked as a leader in the area of sustainability, including the company’s forward-thinking Human Cities initiative. With operations in more than 80 countries, AkzoNobel employs 45,600 people around the world with over 200 production sites.

AkzoNobel is organized into three business units: Decorative Paints, Performance Coatings and Specialty Chemicals. Main business operations within the Decorative Paints business unit include: Decorative Paints Europe, Middle East and Africa; Decorative Paints Asia; and Decorative Paints Latin America. Brands for this business unit include Coral, Dulux, Flexa, Hammerite, Sadolin and Sikkens. Main business operations within the Performance Coatings business unit include Automotive and Specialty Coatings, Marine and Protective Coatings, and Industrial and Powder Coatings. Brands include Awlgrip, International, Interpon and Sikkens. In 2015, the Performance Coatings business unit accounted for 40% of revenue (€5.955 billion), and Decorative Paints accounted for 27% of revenue (€4.007 billion).

Source: AkzoNobel Annual Report 2015, press releases

Notes: In the second half of 2015, the company announced the following: an investment of around $3.4 million for AkzoNobel Performance Coatings to expand its research and development facilities in Houston; a plan to invest more than €1.3 million to build a pilot plant for coating resins at its Performance Coatings site located in Felling, UK; plans to invest in the company’s Performance Coatings business in Vietnam, doubling capacity at its powder coatings facility in Dong Nai and opening a new office for Performance Coatings in Ho Chi Minh City; the opening of a new production line for coil coatings at its facility in Garcia, Mexico; the opening of a new research, development and innovation center in Strongsville, OH; and a €2.5 million technical application center for its Wood Coatings business in Malmö, Sweden.

In February of this year, the company announced an agreement to acquire BASF’s Industrial Coatings business for €475 million. The transaction will include technologies, patents and trademarks, and two manufacturing plants – one in the UK and one in South Africa. It is expected to close in the second half of 2016.

In April, the company started production at its fourth, and largest, plant for decorative paints in China, part of an investment in excess of €50 million to build manufacturing facilities for both Powder Coatings and Decorative Paints.

In May, the company announced the first phase of a €2.5 million expansion of its performance coatings plant in Cikarang, Indonesia, and inaugurated its new €6.5 million technology center in Songjiang, Shanghai.

Also this year, AkzoNobel made its first award of carbon credits to Greek shop owner Neda Maritime. The credits are part of a landmark scheme developed by AkzoNobel.


3. The Sherwin-Williams Co.



CEO: John G. Morikis   

Coatings Sales: Approx. $8.51 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 four operating segments: Paint Stores Group, Consumer Group, Latin America Coatings Group and Global Finishes Group. Net sales for the Global Finishes Group decreased 7.9% to $1.92 billion in 2015, due primarily to the effect of foreign currency devaluation. Net sales for the Paint Stores Group increased 5.2% to $ 7.21 billion, and comparable-store sales, sales by stores open more than 12 months, increased 4.2% during the year. Net sales for the Consumers Group increased 11.1% to $1.58 billion for 2015. In 2015, unfavorable currency exchange rates in many Latin American countries again posed a challenge to revenue and profits for the company’s Latin America Coatings Group. Net sales for the group decreased 18.2% to $631 million.

Sherwin-Williams reported total consolidated sales for 2015 of approximately $11.34 billion, a 1.9% increase over 2014. It is estimated that between 70 to 75% of sales, or about $8.51 billion, represents coatings sales, with the remainder being related products, including wallcoverings, floor coverings and application supplies.

In 2015, the company’s Paint Stores Group added 83 net new stores for a total of 4,086 stores in the United States, Canada and the Caribbean. At the end of 2015, the company had 291 company-operated stores in Latin America, a net increase of 15 locations. The company also expanded its dedicated dealer program, adding 13 new stores in Brazil, 14 in Argentina, one in Uruguay and 58 in Mexico for a total of 575 locations. The total number of Sherwin-Williams outlets in Latin America increased to 866 from 765.

The company 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: 2015 Annual Report, company website, press releases  

Notes: In March of this year, the company announced an agreement with The Valspar Corp. under which Sherwin-Williams will acquire Valspar for $113 per share in an all-cash transaction. The agreement was unanimously approved by the boards of directors of both companies and is expected to close in the first quarter of 2017.

On January 1, 2016, John G. Morikis took over as the company’s Chief Executive Officer, replacing Christopher M. Conner, who will remain in the role of Executive Chairman. Morikis previously served as Sherwin-Williams’ President and Chief Operating Officer.


4. RPM International Inc.

Medina, OH


Chairman/CEO: Frank C. Sullivan

Coatings Sales: $4.59 billion for fiscal year ended May 31, 2015

RPM owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services across three segments. Industrial products include roofing systems, sealants, corrosion-control coatings, flooring coatings and other construction chemicals. Industrial companies include Stonhard, Tremco, illbruck, Carboline, Flowcrete and Euclid Chemical. Consumer products are used by professionals and do-it-yourselfers for home maintenance and improvement, and by hobbyists. Consumer brands include Rust-Oleum, DAP, Zinsser, Varathane and Testors. Specialty products include industrial cleaners, colorants, exterior finishes, specialty OEM coatings, edible coatings, restoration services equipment, and specialty glazes for the pharmaceutical and food industries. Specialty segment companies include Day-Glo, Dryvit, RPM Wood Finishes, Mantrose-Haeuser, RPM Belgium, Legend Brands, Kop-Coat and TCI.

Subsidiaries: A/D Fire, Alteco Technik, API, Ascoat Contracting, Betumat, Carboline, Chemtec Chemicals, Citadel Restoration and Repair, Dane Color, DAP, DAP Canada, Day-Glo, Dryvit, Euclid Chemical, Eucomex, Expanko, FEMA, Fibergrate, Fibregrid, Flowcrete, Grupo P&V, HiChem, Hummervoll, Increte Systems, Kirker, Kop-Coat, Krud Kutter, Legend Brands, Mantrose-Haeuser, Martin Mathys, Modern Masters, New Parks, Paramount Technical, Pettit, Productos Cave, Productos de DAP, Radiant Color, Republic Powdered Metals, RPM/Belgium, RPM Wood Finishes Group, Rust-Oleum, Rust-Oleum Argentina, Rust-Oleum Canada, Rust-Oleum Japan, Rust-Oleum Netherlands, Spraymate, Stonhard, Synta, TCI, Testors, Tor Coatings, Toxement, Tremco Barrier Solutions, Tremco illbruck, Tremco Inc., Universal Sealants, ValvTect, Vandex, Viapol, Watco, Weatherproofing Technologies, Wolman and Zinsser.

Parent Company: RPM International Inc.

Source: Company contact, 2015 Annual Report, press releases

Notes: Recent transactions include the acquisitions of Morrells Woodfinishes Ltd., the UK’s largest manufacturer and distributor of high-performance wood coating systems, in April 2015; Firetherm Intumescent & Insulation Supplies Ltd., one of the UK’s largest manufacturers and suppliers of fire-stopping solutions for the construction industry, in April 2015; Chemtron, a producer of adhesives and caulks for the OEM and construction markets, in July 2015; Seal-Krete, a leading U.S. manufacturer of concrete care coatings and sealants for the retail market, in March 2016; and the remaining 51% interest in its Chinese joint venture, Carboline Dalian Paint Production Co., in May 2016. RPM increased its cash dividend for the 42nd consecutive year in October 2015.


5. Nippon Paint Holdings Co.

Osaka, Japan


President: Tetsushi Tadou

Coatings Sales: $4.43 billion

Since its inception in 1881, Nippon Paint has experienced over 135 years of growth through innovation and has become one of the world’s major automotive and decorative paint suppliers. It produces coatings for the automotive and marine markets, as well as for industrial products. It also makes paints for residential and commercial buildings, and for the DIY market.

In April 2015, Nippon Paint formally established four operating companies: automotive paints, industrial-use paints, trade-use paints and surface treatments. This was the result of a consolidation of various joint ventures and it establishes Nippon Paint as the largest paint manufacturer in Asia. While the majority of its 68 production facilities are located in Asia, there are also multiple facilities in Europe, North America and South America. In the United States, it has two subsidiaries that manufacture and sell coatings: NB Coatings (market leader for coatings for plastic automotive components) and NPA Coatings (automotive pretreatment and body coatings). In January 2016, Nippon Paint completed the purchase of Bollig & Kemper, a German company that develops, manufactures and sells coatings for plastic parts with a focus on European automotive OEMs.

Source: Company contact


6. The Valspar Corp.



CEO/Chairman: Gary E. Hendrickson   

Coatings Sales: $4.2 billion

Valspar operates its coatings-related businesses in two reportable segments: Paints and Coatings. Sales in the Coatings segment remained the same in 2015 at $2.5 billion. Sales in the Paints segment decreased in 2015 to $1.7 billion, for total coatings sales of $4.2 billion. Valspar’s Paints segment includes consumer paint products in North America, Australia, New Zealand, China and Europe, as well as automotive refinish. Global brands in the Paints segment include Valspar, Huarun, Wattyl, Solver, Cabot, PlastiKote, Guardsman and Devine Color. Auto refinish brands include De Beer and House of Kolor (consumer paints) and Valspar, De Beer, House of Kolor and Octoral (auto refinish). The Coatings segment includes four product lines: packaging, general industrial, coil and wood coatings. Analyzed by region, North America accounted for 56% of sales for 2015, followed by Europe (17%), Asia (16%), Australia/New Zealand (6%) and Latin America (5%).

Source: 2015 Annual Report, company website  

Notes: In June of 2015, Valspar acquired the performance coatings businesses of Quest Specialty Chemicals Inc., which included automotive refinish and industrial coatings. The company also celebrated 50 years of the Fluropon® brand in architectural coil coatings in 2015. Fluropon is offered in over 20,000 colors and can be found on signature buildings around the world.

The company completed the acquisition of ISVA Vernici, a European coil coatings manufacturer headquartered in Turin, Italy, in February of this year.

In March, Valspar announced an agreement with Sherwin-Williams in which Sherwin-Williams will acquire Valspar for $113 per share in an all-cash transaction. The acquisition is expected to close in the first quarter of 2017.


7. Axalta Coating Systems


+1 855 547 1461

Chairman/CEO: Charles W. Shaver

Coatings Sales: $4.1 billion

Axalta Coating Systems is a leading global supplier of transportation and performance coatings serving four main sectors. Light vehicle OEMs rely on Axalta’s Harmonized Coating Technologies™ including its Eco-Concept, 3-Wet and 2-Wet Monocoat coating systems, and the latest coating formulations such as the company’s Vermeera™ high-chroma technology.

With the Imron® portfolio, Excel® Pro, Rival® and other coating brands, Axalta provides coatings to heavy duty truck, bus, rail and other commercial vehicle OEMs around the globe.

Refinish customers rely on the company’s premium flagship global brands, Cromax®, Spies Hecker® and Standox®, as well as mainstream products such as Challenger®, Nason®, Imlar® and Duxone® sold in a number of countries.

Axalta serves a wide variety of industrial customers with a number of leading brands including AquaEC™ electrocoat products, Alesta® and Abcite® powder coatings for architectural and other applications, Nap-Gard® powder coatings for oil and gas pipelines, and Energy Solutions coatings including Voltatex® electrical insulation coatings.

On six continents Axalta operates 36 manufacturing centers, four major R&D facilities, and 46 Customer Learning and Development centers for refinish technicians.

Parent Company: Public company NYSE: AXTA

Source: Axalta Coating Systems

Notes: In 2015, Axalta Coating Systems announced construction of a Global Innovation Center to be built at The Navy Yard in Philadelphia to serve as the hub of the company’s R&D network. It also announced construction of a new Asia-Pacific innovation center in Shanghai to support product development and customer service across the region. The company opened expanded production facilities in Wuppertal, Germany, for the manufacture of waterborne coatings in Europe, the Middle East and Africa, and announced construction of expanded production facilities and a color development center at the company’s manufacturing center in Savli, Gujarat State, India. Axalta also announced construction of an expanded resin production facility in Tlalnepantla, Mexico, and plans to build a manufacturing center near Buenos Aires, Argentina.

In product news, the company’s Abcite powder coatings received NSF/ANSI 61 certification for use in drinking water system components, and its Voltatex 4204 electrical insulation coatings received UL global certification. Axalta launched a new epoxy primer TRPE35™ for the trailer industry, new Rival products for the economy commercial transportation market, Ganicin® zinc-rich coatings, and a new Corshield® alkyd system in Colombia. The company also introduced the Alesta AR400 innovative color palate.


8. BASF Coatings

Münster, Germany (global headquarters)

Southfield, MI (North American headquarters)


CEO/President: Markus Kamieth

Coatings Sales: Approx. $3.6 billion

BASF Coatings is a division of BASF SE. BASF’s Coatings division develops, produces and markets automotive coatings, automotive refinishes and industrial coatings as well as decorative paints. The company operates sites in Europe, North America and South America as well as Asia-Pacific. Within this network, it collaborates closely with customers all over the world. In 2015, the Coatings division achieved global sales of about €3.2 billion.

Parent Company: BASF SE

Source: Company contact, press releases, company website

Notes: In April 2015, BASF signed a manufacturing agreement with Chinese company Guangdong Yinfan Chemistry Co. Ltd. on automotive refinish coatings. Under the agreement with BASF, Yinfan will manufacture automotive refinish coatings, targeting the non-premium segment, for BASF at a new plant using BASF formulas and technologies. For BASF, establishing a reliable, regional manufacturing footprint for automotive refinish coatings is important for fulfilling the growing market demands.

In August 2015, in addition to the coatings plant in Shanghai opened in 2014, BASF inaugurated a new resin and electrocoat plant at the Shanghai Chemical Industry Park in Shanghai. With this investment in a local production facility, BASF is well positioned to provide its customers in the region with customized solutions in a timely manner.

BASF`s premium brand Glasurit opened its second training center in Scandinavia. The Refinish Competence Center in Gothenburg/Sweden, trains painters from all of the Scandinavian countries, as well as from the UK and Poland. The 800-square-meter RCC offers room for spray painter training and color training courses.

In September 2015, BASF opened an expanded Coatings Technical Competence Center ASEAN in Bangkok. Located at the BASF site in Bangpoo, the center spans about 2,300 square meters and aims to serve the automotive industry in the ASEAN region.


9. Kansai Paint Co. Ltd.

Osaka, Japan  

+81.6.6203 5531   

President: Hiroshi Ishino

Coatings Sales: Approx. $2.9 billion for fiscal year ended March 31, 2015

Founded in 1918, Kansai Paint Co. Ltd. is one of the largest coatings manufacturers in Japan and Africa, with leading market positions in India, China and Southeast Asia. It also has operations in Europe, the Americas and the Middle East. Core business areas include automotive coatings, industrial coatings, decorative coatings, and marine and protective coatings. Product sales in the Automotive Coatings business accounted for 38% of sales. The Industrial Coatings business accounted for 25% of sales, the Decorative Coatings business accounted for 27% of sales, and the Marine and Protective Coatings business accounted for 6% of sales.

Source: Annual Report, press release  


10. Asian Paints Limited

Mumbai, India


Managing Director/CEO: K.B.S. Anand

Coatings Sales: $2.35 billion for sales ended March 31, 2016

Founded in 1942, Asian Paints is India’s largest paint company and ranked among the top decorative coatings companies in the world. The company and its subsidiaries have operations in 19 countries across the world with 26 paint manufacturing facilities serving consumers in 65 countries. Subsidiaries include Berger International, SCIB Paints – Egypt, Asian Paints, Apco Coatings, and Taubmans and Kadisco.

Source: 2015-16 Annual Report, company website

Notes: In April 2014, Asian Paints (International) Limited, Mauritius, (APIL) a wholly owned subsidiary of Asian Paints Ltd., signed an agreement to acquire 51% of the equity share capital of Kadisco Chemical Industry PLC, Ethiopia, a manufacturer of coatings and adhesives in Ethiopia.




The PCI 25

Following is a ranking of the top 25 North American coatings manufacturers in 2015.

Rankings are based on 2015 coatings sales. Sales of other, non-coating products are not included.


1. PPG


Coatings Sales (Net): Approx. $14.3 billion


2. The Sherwin-Williams Co.


Coatings Sales: Approx. $8.51 billion


3. RPM International Inc.

Medina, OH 

Coatings Sales: $4.6 billion for fiscal year ended May 31, 2015


4. The Valspar Corp.


Coatings Sales: $4.2 billion


5. Axalta Coating Systems


Coatings Sales: $4.1 billion


6. Behr Process Corp.

Santa Ana, CA 


CEO/President: Jeff Filley

Coatings Sales: Approx. $2.02 billion

Behr Process Corp. is part of Masco’s Decorative Architectural Products segment, which produces architectural coatings including paints, primers, specialty paint products, stains and waterproofing products. Products are sold under the BEHR®, BEHR PRO® and KILZ® brands in North America, China and South America. They are sold to DIY and professional customers through paint stores, home centers and other retailers. In 2015, sales from that segment represented $2.02 billion, 25% of total net sales for the company. Behr is a leader in the DIY market, partnering with The Home Depot to sell paints, decorative finishes, primers, stains and surface preparation products.

Parent Company: Masco Corp.

Source: Masco Corp. SEC filing

Notes: For the eighth year in a row, Behr Process Corp. was a 2015 Top Workplaces honor by the Orange County Register. The Top Workplaces lists are based solely on the results of an employee feedback survey administered by WorkplaceDynamics LLC, a research firm that specializes in organizational health and workplace improvement. Several aspects of workplace culture were measured, including alignment, execution and connection.


7. Benjamin Moore & Co.

Montvale, NJ


CEO: Mike Searles

Coatings Sales: Approx. $1 billion (as listed on Hoovers’ website)

Founded in 1883, Benjamin Moore is North America’s favorite paint, color and coatings brand. A leading manufacturer of premium-quality residential and commercial coatings, Benjamin Moore maintains a commitment to innovation and sustainable manufacturing practices.

The Benjamin Moore portfolio spans the brand’s flagship paint lines including Aura®, Regal® Select and ben®, as well as the environmentally friendly premium paint, Natura®. Benjamin Moore is known for its expansive color portfolio, offering consumers and designers more than 3,500 colors. Benjamin Moore paints are available exclusively from its more than 5,000 locally owned and operated paint and decorating retailers.

Parent Company: Berkshire Hathaway

Source: Company website, Hoover’s website

Notes: Benjamin Moore ranked highest in customer satisfaction with interior paints and exterior stains, according to the J.D. Power 2016 Paint Satisfaction Study.


8. Dunn-Edwards Corporation

Los Angeles


President/CEO: Karl Altergott

Coatings Sales: Approx. $600 million (as listed on Hoovers’ website)

Dunn-Edwards operates 125 stores in five western states: California, Arizona, New Mexico, Nevada and Texas. It is a 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.

Source: Company website, press releases, company contact, Hoover’s website

Notes: Dunn-Edwards Paints® enhanced its designer-preferred Perfect Palette® color system with the Then, Now & Forever® collection of 300 new colors to offer designers, architects and consumers a  complete, well-researched palette for any project.


9. Ennis-Flint

Thomasville, NC


CEO: R. Steven Vetter

Coatings Sales: Approx. $550 million

Ennis-Flint is a premier manufacturer of pavement markings and traffic safety products. Ennis Paint merged with Flint Trading in March 2012 to form Ennis-Flint. Ennis Flint has 20 manufacturing facilities on four continents as well as numerous sales offices around the world.

Source: Company contact


10. Shawcor Ltd.



CEO: Steve Orr

Coatings Sales: Approx. $320 million

Shawcor Ltd. is a global energy services company specializing in products and services for the pipeline and pipe services segment of the oil and gas industry, and related products for the petrochemical and industrial markets. The company’s Pipeline Performance group provides field-applied coating systems, factory-applied coating systems and logistics solutions. This segment includes the Bredero Shaw, Canusa-CPS, Shaw Pipeline Services, Flexpipe Systems, Guardian and Desert NDT divisions. Houston-based Bredero Shaw, ShawCor’s largest division, is a global leader in pipe coating solutions and employs over 4,000 permanent and contract personnel located at offices and facilities in 15 countries. The division provides specialized coating systems and related services for corrosion protection, insulation and weight coating applications on land, and marine pipeline including highly engineered corrosion and insulation systems for deep-water applications.

In 2015, the company reported total revenue of $1.8 billion Canadian dollars, of which $460 million was reported as revenue from sale of products and $1.3 billion from the sale of services. Coatings sales are reported based on the company’s reported sale of products for 2015.

Source: Annual Report, press releases


11. Nippon Paint (USA)

Coatings Sales: $275 million (combined)

NB Coatings Inc.

Lansing, IL


CEO: Kristina Nelson

A subsidiary of Nippon Paint Co., NB Coatings is the leading supplier of liquid coatings for plastic automotive parts in North America. It provides a complete line of custom OEM coatings for automotive fascia, exterior trim, interior trim and lens applications. It supplies all major OEMs, from domestic (GM, Ford, and Chrysler) to transplant (Honda, Toyota, Nissan and Hyundai), as well as their tiers.

NPA Coatings Inc.



CEO:Takeshi Nakano

NPA Coatings manufactures and sells automotive body coatings and pretreatment chemicals. NPAC mainly serves the automotive and general industrial markets.

Source: Company contact


12. Kelly-Moore Paint Co., Inc.

San Carlos, CA


President/CEO: Steve DeVoe

Coatings Sales: Approx. $270 million

Kelly-Moore is one of the largest employee-owned paint companies in the United States. The company is known in the industry as the “Painter’s Paint Store” for its high-quality products, fair prices and exceptional customer service. Kelly-Moore operates over 145 company-owned stores in Arkansas, California, Idaho, Nevada, Oklahoma and Texas.

Source: Company contact, press releases, company website

Notes:In August 2015, Kelly-Moore and the Texas Builders Foundation announced the establishment of the Kelly-Moore Paints Endowment to the Texas Builders Foundation. The $125,000 endowment provides scholarships to students who are enrolled in construction-related programs in Texas’ trade and technical schools, and colleges and universities.


13. Cloverdale Paint Inc.

Surrey B.C., Canada


CEO: Tim Vogel

Rodda Paint Co.

Portland, OR


COO: Bill Boone 

Coatings Sales: $222 million (combined), $301 million Canadian

Cloverdale Paint Inc. and its subsidiaries, Rodda Paint Co., Fargo Paint & Chemicals Inc., Guertin Coatings, Sealants & Polymers Ltd., Serif Coatings & Chemical, and Spectrum Powder Coatings, operate through 121 corporate-owned locations covering western Canada as well as Washington, Oregon, Idaho, Montana and Alaska. The companies manufacture architectural paint, and industrial and marine coatings, along with certain powder coatings, specialty resins and sealant products. Combined markets include sales to a wide variety of professional, commercial, residential, industrial, marine, private-label and do-it-yourself customers as well as a network supporting Cloverdale Paint and Rodda Paint independent dealers throughout the Pacific Northwest region.

Source: Company contact, company website

Notes: In June of 2015, the company announced that CEO Al Mordy had passed away. Tim Vogel, son of Wink Vogel, replaced Mordy. In December, President and Chief Operating Officer at Rodda Paint Co., Bill Boone, announced a strategic succession plan for the future growth of the company. The change marked the culmination of a two-year plan, with Boone taking on a new role as Director of Strategic Accounts and the naming of David Wolf, then Vice-President Industrial Sales, as the new President and Chief Operating Officer for the company.


14. Innovative Chemical Products (ICP) Group

Andover, MA


CEO: Doug Mattscheck

Coatings Sales: $220 million

Innovative Chemical Products (ICP) Group is a leading specialty chemical company engaged in the formulation, manufacture and marketing of coatings and adhesives. With operations headquartered in Andover, MA, and additional manufacturing and warehousing in Itasca, IL, Norton, OH, Tomball, TX and Coral Springs, FL, ICP serves the architectural, specialty construction, packaging, printing and sport-surfaces end markets. ICP is privately held and manufactures products under several specialty brands, including Polyset, California Paints, Fiberlock, Storm System, Handi-Foam, Nicoat, Decoturf, Plexipave and Rebound Ace.

Source: Company contact

Notes: Innovative Chemical Products (ICP) Group is a portfolio company of Audax Private Equity. ICP Group has recently acquired California Products, Nicoat, Fomo Products and the assets of the corporation previously known as Polyfoam Products.


15. Vogel Paint, Inc.

Orange City, IA

712 737 8880

President/CEO: Drew F. Vogel

Coatings Sales: $168 million

Vogel Paint 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 in the 1970s began to build a fleet of company stores selling architectural paints and heavy-duty maintenance coatings. 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 65 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, Vogel Industrial Coatings, Peridium Powder Coatings, Axis Automotive Coatings and Van Sickle Paints.

Source: Company contact


16. Yenkin-Majestic Paint Corp.

Columbus, OH


President: Jonathan M. Petuchowski

COO: Andrew O. Smith

Coatings Sales: $150 million

Yenkin-Majestic is a vertically integrated manufacturer of coatings and resins. Its full line of architectural paints includes interior and exterior products and a variety of specialties, low-VOC oil-based paints and a unique acrylic enamel line (Diamond Hard). Its industrial division manufactures waterborne and solventborne products, including urethanes, epoxies and polyesters. Its OPC Polymers Division has grown in serving the U.S. and North American markets by its purchase of the SI-Canada Group and introduction of new co-polymers and other product categories including water-reducible alkyds, monomer-modified and high-solids specialties, and alkyd dispersions and emulsions, epoxy esters, and a range of VOC-compliant vehicles.

Source: Company contact 


17. Tnemec Company Inc.

Kansas City, MO


CEO/President:Chase Bean

Coating Sales: $120 million

Since 1921, Tnemec Company Inc. has been a leading supplier of high-performance coatings and linings for water tanks, wastewater treatment plants, industrial facilities and specialty architectural structures. Tnemec manufactures over 100 products, including the StrataShield line of resinous floor and wall coatings, and Chemprobe water repellents and stains for concrete, masonry and wood.

Source: Company contact


18/19. ELANTAS PDG Inc.

St. Louis, MO


CEO/President: Susan W. Graham

Coatings Sales: $100 million

ELANTAS PDG Inc. is a premier supplier of specialty polymers for the electrical and electronic industries. Key products include magnet wire enamel, insulating varnishes, encapsulating resins, potting compounds, adhesives, conformal coatings and flexible electrical insulation.

Parent Company: ALTANA, AG, of Germany

Source: Company website, press releases, company contact


18/19. True Value Company



President/CEO: John R. Hartmann

Coatings Sales: Approx. $100 million

True Value Co. manufactures exclusive paint brands for its retail identities and 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., headquartered in Chicago, is one of the world’s largest retailer-owned hardware cooperatives with gross billings of approximately $2 billion and revenue of approximately $1.5 billion in 2015. The True Value cooperative includes approximately 4,500 independent retailer locations worldwide operating under the store identities of True Value, Grand Rental Station, Taylor Rental, Party Central, Home & Garden Showplace and Induserve Supply.

Source: True Value Corporate Communications Department, press releases


20. Vista Paints 

Fullerton, CA 


CEO/President: Eddie Fischer 

Coatings Sales: $90-$110 million

Vista Paints, founded in 1960, is a manufacturer of high-quality paints and coatings for the architectural and industrial-maintenance markets for sale through company-owned stores throughout California and Nevada. Its customers include the professional painter and the DIY consumer. The stores supply wallpaper, window coverings and related painting supplies in addition to paint.

Source: Company contact 


21. Hentzen Coatings Inc.

Milwaukee, WI


CEO/President: Albert Hentzen

Coatings Sales: $90-$100 million

Hentzen Coatings Inc. was founded in 1923 and is still privately owned and operated by the Hentzen family. The fourth generation of Hentzens are now actively involved in the management of the company.

Hentzen is a developer of advanced technology coatings for the industrial OEM, defense and aerospace markets. It has four U.S. manufacturing plants and provides coatings to over 30 foreign countries throughout South and North America, Europe, and Asia.

Products include a wide variety of waterborne, solvent and powder coatings.

Source: Company contact


22. Gemini Industries

El Reno, OK


CEO/President: David Warren

Coatings Sales: $60 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 cabinet makers, furniture finishers and refinishes represents 50% 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

Notes: Last year, the company announced that Gemini Coatings Inc., a division of Gemini Industries Inc., acquired the assets of Gulf Synthetics, Cumming, GA. The transaction included the technology and brand names of the following Gulf Synthetics brands: Deck Revive, Concrete Revive, Dock Revive, Perma Fill and Perma Bond.


23. TIGER Drylac U.S.A. Inc.

St. Charles, IL


CEO:Larry McNeely

Coatings Sales: $59.7 million

TIGER Drylac’s USA operations were established in 1984. The company’s North American network includes 10 distribution centers and three manufacturing facilities; one in Illinois, one in Mexico and one in Canada. It employs around 300 people.

Source: Company contact


24. Suncoatings Inc.

Tampa, FL


President: Michael Hyer

Coatings Sales: $49 million

Suncoatings is a family owned company that has produced an array of architectural and light-industrial coatings since 1971. Headquartered in Tampa, FL, the company’s products are distributed nationally and globally through private-label partners, a vast network of dealers, and direct to contractors and the public through its sister company’s own chain of retail stores, Sun Paints and Coatings.

Suncoatings operates three plants nationally, and prides itself on being on the forefront of coatings technology by investing heavily in R&D. Sun’s architectural products range from floor to roof coatings, and everything in between.

Source: Company contact, company website


25. Farrell-Calhoun Inc.

Memphis, TN


President: John A. Ward Jr.

VP Sales and Marketing: Anthony Ward

Coatings Sales: $38.3 million

Farrell-Calhoun manufactures architectural and industrial-maintenance coatings. The company has distribution throughout the Mid-South and Southeast through 38 company-owned stores and a network of 100 dealers.

Source: Company contact



Honorable Mention

FORTECH Products Inc.

Brighton, MI


President:Creighton E. Forester

Coating Sales: $15 million

Founded by Creighton E. Forester in 1995, FORTECH Products Inc. develops and manufactures various OEM-approved coatings for the automotive, agricultural, recreational vehicle and allied industries. Coating products include TechKote WA 2935 and TechKote WA 2951 (first, second and third generation) water-based, high-heat, corrosion-resistant coatings; WA 2975 R water-based, chip-resistant coating; and TechKote WE 2000 water-based, heat-resistant, epoxy coating.

The company will introduce its new, corrosion-resistant, chemical-resistant, single-component, 1000-hour salt spray coating during the 3rd quarter of 2016.

Source:Company contact