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 2016 coatings sales. Sales of other noncoating products are not included. I spend 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 is Sherwin-Williams’ acquisition of Valspar, which closed the beginning of June. If you have any questions, or feel your company should be included in this ranking, please contact

Following is a ranking of the top global coatings manufacturers in 2016.

Rankings are based on 2016 coatings sales. Sales of other, noncoating products are not included.


1. PPG



Chairman/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, along with coatings services. The company serves customers in markets and aftermarkets for transportation, industrial, consumer products and construction.

In 2016, PPG delivered full-year adjusted earnings per diluted share from continuing operations of $5.82, up about 7% year-over-year. Coatings represented about 97% of PPG’s 2016 total net sales from continuing operations of $14.8 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 $8.55 billion in total net sales, and its Industrial Coatings segment (automotive OEM coatings, coatings services, industrial coatings, packaging coatings, and specialty coatings and materials businesses) saw about $5.75 billion.

The company’s results remained consistent year-over-year in 2016, despite a more challenging global economic environment and growing geopolitical uncertainty in many of the regions where it operates, and thanks to earnings-accretive cash deployment and a strong focus on costs. Sales increased by about 3% in local currencies.

PPG continued to execute on strategic objectives through the year, with accretive expansion of its coatings portfolio through the completion of four acquisitions, as well as the continued transformation of its overall portfolio with the divestitures of its flat glass and European fiberglass businesses as well as its ownership interest in two Asian fiberglass joint ventures. The company deployed nearly $350 million in cash for its 2016 acquisitions, notably the acquisition of coatings-services company MetoKote in July.

To continue driving organic growth, the company invested to expand and upgrade operations in locations such as Allison Park, Pennsylvania; Zhangjiagang, China; Tianjin, China; Oak Creek, Wisconsin; and Delfzijl, Netherlands.

Source: 2016 Annual Report, company website, company contact

Notes: Michael H. McGarry became PPG’s Chairman, in addition to being Chief Executive Officer, in September 2016.

In April 2017, PPG purchased the remaining 50% ownership interest in its Asian joint venture comprising IVC (Malaysia) Sdn Bhd and IVC-OPS (Singapore) Pte. Ltd. from its joint-venture partner, Omni-Plus System Pte. Ltd. Also this year, the company acquired certain assets of automotive refinish coatings company Futian Xinshi, a privately owned automotive refinish company based in the Guangdong province of China. In January, the company announced it had completed its acquisition of DEUTEK S.A., a leading Romanian paint and architectural coatings manufacturer.


2. AkzoNobel



CEO/Chairman of the Board of Management: Ton Büchner

Coatings Sales: $10 billion (€9.5 billion)

AkzoNobel is a global leader in the manufacture of paints and coatings, as well as a major specialty chemicals producer. With operations in more than 80 countries, AkzoNobel employs 46,000 people around the world with over 200 production sites.

AkzoNobel is organized into three business units: Decorative Paints, Performance Coatings and Specialty Chemicals. In 2016, the company recorded revenue of €14.2 billion, with Decorative Paints representing 27% (€3.835 billion), Performance Coatings representing 40% (€5.665 billion) and Specialty Chemicals accounting for 33% (€4.783 billion) of sales. 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 terms of regional sales, North America accounted for 17% of sales in 2016, Mature Europe accounted for 36%, Emerging Europe accounted for 7%, Asia-Pacific accounted for 27%, Latin America accounted for 9%, and other regions made up 4% of sales.

Source: AkzoNobel Annual Report 2016, press releases

Notes: In July 2016, AkzoNobel announced that it had raised its stake in Akzo Nobel Powder Coatings SAE in Egypt from 60% to 100%. The transaction forms part of the company’s accelerated growth strategy for Egypt and the wider North Africa region.

In December 2016, the company finalized the acquisition of BASF’s global Industrial Coatings business, which supplies a range of products for industries including construction, domestic appliances, wind energy and commercial transport. The transaction includes relevant technologies, patents and trademarks, as well as two manufacturing plants in the United Kingdom and South Africa.

In February 2017, the company announced a €12.6 million investment in a new innovation hub in the UK. Located in Felling, the facility will be home to teams of scientists and technical experts who will work on developing protective coatings for the energy, mining, infrastructure, and oil and gas industries. The main focus will be on delivering cutting-edge innovations and efficiencies for protecting steel and concrete structures from damage caused by corrosion, abrasion and fire.

In April, in response to an attempt by PPG to purchase the company, AkzoNobel announced plans to spin off its chemicals business.


3. The Sherwin-Williams Co.



CEO: John G. Morikis  

Coatings Sales: Approx. $8.90 billion

The Sherwin-Williams Co. manufactures and sells coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America. The company operates 4,180 paint stores in the United States, Canada, and the Caribbean. It has 339 stores and 21 facilities in Latin America. Founded in 1866 by Henry Sherwin and Edward Williams, the company marked its 150th anniversary in 2016.

The company has four operating segments: Paint Stores Group, Consumer Group, Latin America Coatings Group and Global Finishes Group. The company’s Paint Stores Group operates exclusive outlets for the company’s paints and stains, as well as supplies, equipment and floor coverings. This group covers the United States, Canada and the Caribbean. The Latin America Coatings Group manufactures and sells architectural and industrial coatings and related products in Latin America. The Consumer Group sells a portfolio of branded and private-label products in North America and parts of Europe and Latin America. This group also operates a global supply chain for coatings and related products. The Global Finishes Group manufactures and sells OEM finishes, protective and marine coatings, and automotive finishes. It has a customer base in more than 100 countries.

Sherwin-Williams reported total consolidated sales for 2016 of approximately $11.86 billion, a 4.6% increase over 2015. It is estimated that between 70 to 75% of sales, or about $8.90 billion, represents coatings sales, with the remainder being related products, including wallcoverings, floor coverings and application supplies. The company’s Paint Stores Group reported nets sales of $7.79 billion for 2016, which represents an increase of 8.1% compared to 2015. Comparable store sales, sales of stores open more than 12 months, increased 5.3% during 2016. The company opened 94 net new locations in this group in 2016.

The Latin America Coatings Group posted net sales of $586.9 million in 2016, a decrease of 7% compared to 2015, due in part to unfavorable currency exchange rates in many Latin American countries. The company reported a net increase in company-operated stores in this group of 48 locations.

The Consumer Group posted sales of $1.58 billion in 2016, a decrease of 0.4% compared to 2015. The company attributed the decrease to unfavorable currency translations and weak demand for stains and sealer products in Europe.

The Global Finishes Group has net sales of $1.89 billion in 2016, a decrease of 1.4%, due to foreign currency devaluation that decreased sales by 2.6%. The group posted growth in profit of 18.4% in 2016.

Sherwin-Williams manufactures and sells coatings such as Sherwin-Williams®, Dutch Boy®, HGTV HOME® by Sherwin-Williams, Krylon®, Minwax®, and Thompson’s® Water Seal, 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: 2016 Annual Report, company website, press releases 

Notes: At the end of 2016, Chris Connor retired from his position as Executive Chairman, following a 34-year career with the company. The company’s board of directors elected John. G. Morikis to assume the additional role of Chairman, effective January 1, 2017.

In June 2017, the company announced it had completed its purchase of The Valspar Corp. for $113 per share in an all-cash transaction. In April of this year, Sherwin-Williams and Valspar announced an agreement to sell Valspar’s North American Industrial Wood Coatings business to Axalta Coating Systems in a deal worth $420 million.


4. RPM International Inc.

Medina, OH


Chairman/CEO: Frank C. Sullivan

Coatings Sales: $4.81 billion for fiscal year ended May 31, 2016

RPM owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services across three segments. RPM’s industrial products include roofing systems, sealants, corrosion-control coatings, flooring coatings and other construction chemicals. Industrial companies include Stonhard, Tremco, illbruck, Carboline, Flowcrete, Euclid Chemical and RPM Belgium Vandex. Professionals and do-it-yourselfers for home maintenance and improvement, as well as hobbyists, use RPM’s consumer products. Consumer brands include Rust-Oleum, DAP, Zinsser, Varathane and Testors. RPM’s 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, 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 Vandex, RPM Wood Finishes Group, Rust-Oleum, Rust-Oleum Argentina, Rust-Oleum Canada, Rust-Oleum Japan, Rust-Oleum Netherlands, Specialty Polymer Coatings, Spraymate, SPS Group, Stonhard, 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, 2016 Annual Report, press releases

Notes: Recent transactions include the acquisitions of Duram Industries, an Australian manufacturer of commercial waterproofing products; Applied Polymerics, a specialist civil engineering and construction organization; Specialty Polymer Coatings, a Canadian manufacturer of coatings for the global oil and gas pipeline market; Adhere Industrial Tapes, a producer of foam tapes used in construction and industrial applications; SPS Group, a Dutch decorative and specialty coatings company; the foam division of Clayton Corp., best known for its Touch ‘n Foam brand; Prochem, a manufacturer of equipment and specialty chemicals for cleaning and restoring flooring surfaces; Arnette Polymers, a manufacturer of resins, hardeners, curing agents and other intermediaries; and Prime Resins, a manufacturer of specialty chemicals and equipment for infrastructure. RPM increased its cash dividend for the 43rd consecutive year in October 2016.


5. Nippon Paint Holdings Co.

Osaka, Japan


President: Tetsushi Tadou

Coatings Sales: $4.3 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. Nippon Paint is also a leader in the surface treatment market with a wide range of products that provide coating improvements in the areas of anticorrosion, film adhesion and durability.

Nippon Paint has 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 three subsidiaries under holding company Nippon Paint (USA) that manufacture and sell coatings: NB Coatings (market leader for coatings for plastic automotive components) and NPA Coatings (automotive pretreatment and body coatings). In March 2017, Nippon Paint completed the purchase of Dunn-Edwards Corp., one of the largest independent manufacturers of architectural, industrial and high-performance paints. This acquisition will contribute to Nippon Paint’s mission of becoming a major player in the global paint market.

Source: Company contact


6. Axalta Coating Systems



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. For light-vehicle OEMs, Axalta provides 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.

For refinish customers, the company offers its 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.

In July 2016, the company purchased the automotive interior rigid thermoplastics coatings business of Michigan-based United Paint and Chemical Corp.; High Performance Coating Sdn. Bhd., a leader in refinish coatings in Southeast Asia; and Dura Coat Products, a manufacturer of coatings for metal coil and related markets in North America. In August 2016, the company acquired the business of Geeraets Autolak, a distributor of Axalta’s Cromax® refinish coating products in the Netherlands for nearly 40 years. In January 2017, Axalta Coating Systems announced the acquisition of the business of Ellis Paint Co., a manufacturer of industrial and automotive refinish paint in North America. Founded in 1887, Ellis Paint Co. manufactures and distributes a portfolio of coating products for an array of industrial applications and substrates including steel, concrete and wood, shipping vessels and construction equipment, and indoor and outdoor furnishings and fittings. In April of this year, the company announced the planned acquisition of the assets related to Valspar’s North American Industrial Wood Coatings business for $420 million in cash. The business is one of the leading providers of coatings for OEM and aftermarket industrial wood markets, including building products, cabinets, flooring and furniture, in North America. In May 2017, the company announced it had signed an agreement to acquire the Spencer Coatings Group, a manufacturer of high-performance industrial coatings for heavy-duty equipment, general industrial, oil and gas, and glass coatings segments. Established in 1909, Spencer Coatings Group is the largest independent industrial coatings manufacturer in the UK.


7. The Valspar Corp.



CEO/Chairman: Gary E. Hendrickson  

Coatings Sales: $4 billion

Valspar operates its coatings-related businesses in two reportable segments: Paints and Coatings. Sales in the Coatings segment were $2.4 billion in 2016, down 4.3% from 2015. Sales in the Paints segment were $1.6 billion, down 5.8% from 2015, for total coatings sales of $4 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.

Source: 2016 Annual Report, company website 

Notes: In March 2016, Valspar announced an agreement with Sherwin-Williams in which Sherwin-Williams would acquire Valspar for $113 per share in an all-cash transaction. The deal was finalized on June 1, 2017. In April of this year, the company announced, with Sherwin-Williams, an agreement to sell its North American Industrial Wood Coatings business to Axalta Coating Systems in a deal worth $420 million.


8. BASF Coatings

Münster, Germany (global headquarters)

Southfield, MI (North American headquarters)


CEO/President: Dirk Bremm

Coatings Sales: Approx. $3.6 billion

BASF Coatings is a division of BASF SE. The Coatings division of BASF is a global expert in the development, production and marketing of innovative and sustainable automotive OEM and refinish 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 2016, BASF’s Coatings division achieved global sales of about €3.2 billion.

Parent Company: BASF SE

Source: Company contact, press releases, company website

Notes: BASF will strengthen its local production capability for waterborne and solventborne coatings in Thailand by building a new manufacturing facility at its Bangpoo site. The new production facility complements the facilities at the new Coatings Technical Competence Center ASEAN, which was opened in September 2015 and includes a laboratory for product development, performance testing, color design, as well as a small-batch production unit. The expansion will better serve the strong demand from the expanding automotive industry in ASEAN.

In June 2016, BASF Shanghai Coatings Co. Ltd. broke ground on a new, world-scale automotive coatings plant at the company’s existing site at the Shanghai Chemical Industry Park in Caojing, Shanghai, China. The new plant represents an investment of around €140 million and is expected to start operation in the fourth quarter of 2017. As the latest investment of the joint venture between BASF and Shanghai Huayi Fine Chemical Co. Ltd., the new plant is an expansion of the automotive coatings plant, which began production in 2014 at the same site.

In September 2016, BASF completed the acquisition of the assets of Guangdong Yinfan Chemistry Co. Ltd. (Yinfan) in China. A new legal entity, named BASF Coatings (Guangdong) Co. Ltd., has been established in Jiangmen, Guangdong Province, to take over and further develop Yinfan’s automotive refinish coatings business. The acquisition enables BASF’s Coatings division to broaden its automotive refinish portfolio in Asia-Pacific by adding the Yinfan line of products to its global brands including Glasurit®, R-M®, baslac® and NORBIN®.

In December 2016, BASF acquired Chemetall, a leading global supplier of applied surface treatments for metal, plastic and glass substrates in a wide range of industries and end markets. With this expansion in its portfolio, BASF becomes a more complete solution provider for coatings.

In December 2016, BASF has completed the sale of its global industrial coatings businesses to AkzoNobel. The transaction includes technologies, patents and trademarks, as well as the transfer of dedicated production sites in Deeside, UK, and Vanderbijlpark, South Africa.


9. Kansai Paint Co. Ltd.

Osaka, Japan 


President: Hiroshi Ishino

Coatings Sales: Approx. $2.9 billion for fiscal year ended March 31, 2016

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. The company 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 25% of sales, and the Marine and Protective Coatings business accounted for 7% of sales.

Source: Annual Report, press releases 

Notes: In February 2017, the company announced that its consolidated subsidiary, Kansai Plascon Africa Ltd., purchased shares of the Sadolin Group, which manufactures decorative and industrial coating that are sold in East Africa. In December 2016, Kansai Paint made a deal to purchase Slovenia-based Helios, making it the center of the Kansai operations in Europe. In October 2016, the company announced plans to purchase shares of paint companies in Turkey (Polisan Boya Sanayi ve Ticaret A.S.)  and Malaysia (Sancora Paint Industries Sdn Bhd). In August 2016, the company announced the stock purchase of the Saudi Industrial Paint Co., a paint manufacturer that develops anticorrosion paints in Saudi Arabia.


10. Asian Paints Ltd.

Mumbai, India


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

Coatings Sales: Approx. $2.16 billion for sales ended March 31, 2017

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: 2016-17 Annual Report, company website


The PCI 25

Following is a ranking of the top 25 North American coatings manufacturers in 2016.

Rankings are based on 2016 coatings sales. Sales of other, noncoating products are not included.


1. PPG


Coatings Sales (Net): $14.3 billion


2. The Sherwin-Williams Co.


Coatings Sales: $8.90 billion


3. RPM International Inc.

Medina, OH

Coatings Sales: $4.81 billion for fiscal year ended May 31, 2016.


4. Axalta Coating Systems


Coatings Sales: $4.1 billion


5. The Valspar Corp.


Coatings Sales: $4 billion


6. Behr Process Corp.

Santa Ana, CA


CEO/President: Jeff Filley

Coatings Sales: Approx. $1.84 billion

Behr Process Corp. is part of Masco’s Decorative Architectural Products segment. Behr produces architectural coatings that include paints, primers, stains and waterproofing products. Products are sold in North America, South America and China under the BEHR®, BEHR PRO® and KILZ® brands. They are sold to DIY and professional customers through paint stores, home centers and other retailers. Behr is a leader in the DIY market, partnering with The Home Depot to sell paints, decorative finishes, primers, stains and surface-preparation products. The Home Depot is Behr’s largest customer. In 2016, sales from that segment represented $1.84 billion, which is 25% of the 2016 total net sales for Masco of $7.36 billion. In 2016, net sales in the Decorative Architectural Products segment of Masco showed an increase of 5%.

Parent Company: Masco Corp.

Source: Masco Corp. SEC filing

Notes: In September 2016, the company announced the introduction of the 2017 BEHR Color Currents, an all-new collection of paint colors that offers 20 distinct hues. The new colors are available at The Home Depot.


7. Benjamin Moore & Co.

Montvale, NJ


CEO: Mike Searles

Coatings Sales: $1.3 billion (as estimated on Hoovers’ website)

A leading manufacturer of premium-quality residential and commercial coatings, Benjamin Moore maintains a commitment to innovation and sustainable manufacturing practices. Founded in 1883, the company is currently owned by Berkshire Hathaway.

The Benjamin Moore portfolio spans the brand’s flagship paint lines including Aura®, Regal® Select, Natura® and ben®. 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, company contact

Notes: In 2016, the company was ranked highest in customer satisfaction with both interior paints and exterior stains by J.D. Power. According to the 2016 Paint Satisfaction Study, Benjamin Moore achieved the highest numerical scores over all other brands among interior paints and exterior stains.


8. Nippon Paint (USA)

Coatings Sales: $900 million (combined)

President and CEO: Tetsuro Fujita


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 FCA) to transplant (Honda, Toyota, Nissan and Hyundai), as well as their tiers. Also with Nippon Paint’s acquisition of Bollig & Kemper in 2016, NB Coatings is now positioned to supply and service the European automotive OEMs as they expand their operations in North America.


NPA Coatings Inc.



CEO: Takeshi Nakano

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


Dunn-Edwards Corporation

Los Angeles, CA


President and CEO: Karl Altergott

Dunn-Edwards Paint® has produced and sold premium paint products for more than 91 years. With 130 company stores in California, Arizona, Nevada, New Mexico and Texas, and more than 80 authorized dealers throughout the Southwest, Dunn-Edwards is one of the nation’s largest independent manufacturers and distributors of architectural, industrial and high-performance paints and paint supplies. The company is dedicated to preserving and protecting the environment (, and produces its coatings in a LEED® Gold-certified manufacturing plant. Based in Southern California, the company has approximately 1,700 employees.

Source: Company contact


9. Ennis-Flint

Thomasville, NC


CEO: R. Steven Vetter

Coatings Sales: Approx. $600 million

Ennis-Flint is a worldwide leader in the traffic safety solutions industry, providing a comprehensive offering of pavement marking solutions. The company’s wide range of products are utilized on roads and highways, taxiways, runways, parking lots, and in commercial, contractor, governmental, industrial, airport and architectural settings. Ennis-Flint has manufacturing facilities located in the United States, Canada, Australia, Malaysia and Europe. In 2016, the company acquired American Traffic Products in the United States, and Cristacol in Argentina.

Source: Company contact, press releases

Notes: In June 2016, Olympus Partners, a Stamford, Connecticut-based private equity firm, acquired a majority interest in Ennis-Flint. Brazos Private Equity Partners, a Dallas-based firm, is no longer a shareholder in the company. The company announced the construction of two new manufacturing facilities in 2016. Both based in North Carolina, one plant will produce glass beads, which are added to pavement marking materials to enhance the nighttime visibility of the markings, and the second plant will produce hot-applied thermoplastic, a durable pavement marking material.


10. Shawcor Ltd.



CEO: Steve Orr

Coatings Sales: Approx. $278 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 2016, the company reported total revenue of $1.2 billion Canadian dollars, of which $373 million Canadian dollars was reported as revenue from sale of products and $836 million Canadian dollars from the sale of services. Coatings sales are reported based on the company’s reported sale of products for 2016.

Source: Annual Report, press releases


11. 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”. 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.


12. Cloverdale Paint Inc.

Surrey B.C., Canada


CEO: Tim Vogel

Rodda Paint Co.

Portland, OR


COO: David Wolf

Coatings Sales: $231 million (combined), ($317 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 131 corporate-owned locations covering 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


13. 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, Massachusetts, and additional manufacturing and warehousing in Itasca, Illinois, Norton, Ohio, Tomball, Texas, Birdsboro, Pennsylvania, Chicago, Illinois, and Coral Springs, Florida, 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, RockTred, 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.

In January of this year, ICP announced the acquisition of Rock-Tred, a specialty floor coatings company, and in February it announced the purchase of MinusNine Technologies, a leading formulator and manufacturer of UV/EB coatings, adhesives, primers and specialty products for graphic arts and industrial applications.


14. Diamond Vogel Paint Inc.

Orange City, IA


President/CEO: Drew F. Vogel

Coatings Sales: $168 million

Andrew Vogel founded Vogel Paint 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, press releases

Notes: In 2016, Keep Iowa Beautiful honored the Vogel family of Orange City, Iowa, with the 2016 Donald F. Lamberti Hometown Pride Vision Award.


15. 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 copolymers 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


16. Tnemec Company Inc.

Kansas City, MO


CEO/President: Chase Bean

Coating Sales: $118 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

Notes: In March of this year, the company opened a new research and development facility, which is an expansion of the company’s current manufacturing plant in North Kansas City, Missouri. The expansion has doubled the size of its previous R&D laboratory and office space, while also making improvements to its testing and ventilation equipment.


17/18. 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


17/18. 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 Interior and Exterior brands in Cary, Illinois, 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 2016. 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, Home & Garden Showplace and Induserve Supply.

Source: True Value Corporate Communications Department, press releases


19. Vista Paints

Fullerton, CA


CEO/President: Eddie Fischer

Coatings Sales: $90-$110 million

Founded in 1960, Vista Paints is a manufacturer of high-quality paints and coatings for the architectural and industrial-maintenance markets. The company sells its products 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

Notes: Vista Paints opened two new stores in 2016, one in San Diego, California, and the other in Sacramento, California.


20. Hentzen Coatings Inc.

Milwaukee, WI


CEO/President: Albert Hentzen

Coatings Sales: $90-$100 million

Hentzen Coatings Inc. 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.

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

Source: Company contact


21. TIGER Drylac U.S.A. Inc.

St. Charles, IL


CEO: Larry McNeely

Coatings Sales: $63.4 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 350 people.

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


23. Suncoatings Inc.

Tampa, FL


President: Michael Hyer

Coatings Sales: $57 million

Suncoatings is a family owned company that has produced an array of architectural and light-industrial coatings since 1971. Headquartered in Tampa, Florida, the company’s products are distributed nationally and globally through private-label partners, a 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 research and development. Sun’s architectural products range from floor to roof coatings, and everything in between.

Source: Company contact, company website


24. Farrell-Calhoun Inc.

Memphis, TN


President: John A. Ward Jr.

VP Sales and Marketing: Anthony Ward

Coatings Sales: $38.8 million

Farrell-Calhoun manufactures architectural and industrial-maintenance coatings. The company has distribution throughout the Mid-South and Southeast through 41 company-owned stores and a network of around 70 dealers.

Source: Company contact


25. Lanco Paints & Coatings

Orlando, FL


President: JP Gaztambide

Coatings Sales: $21 million

Lanco & Harris Corp. (dba Lanco Paints and Coatings) is part of the Blanco Group, which recorded total sales of $300 million in 2016. In business since 1978, Lanco & Harris Corp. manufactures architectural and industrial coatings, roof sealers, wood finishes, industrial adhesives and high-performance sealants. The company has manufacturing facilities in the United States, the Caribbean, and Central and South America.

Source: Company contact, company website


Honorable Mentions


FORTECH Products Inc.

Brighton, MI


President: Creighton E. Forester

Coating Sales: $15 million

Since its creation in 1995, FORTECH’s core value is to develop and manufacture high-quality metalworking fluids, industrial lubricants and specialty corrosion- and chip-resistant coatings. Its diverse, innovative product portfolio makes Fortech an industry leader and benchmark in the field.

Fortech’s TechKote coatings division encompasses OEM-approved, water-based, high-heat, corrosion resistant coatings; water-based, single-component epoxies; and water-based, heavy-duty, rubberized anti-chip coatings. These coatings are designed for and used in the automotive, agricultural, recreational vehicle and other associated industries.

Source: Company contact

Notes: In 2016, the company introduced its new, corrosion-resistant, chemical-resistant, single-component, 1000-hour salt spray coating. In January 2017, FORTECH’s TechKote WA 2975R, one of its chip-resistant coatings, was successfully launched as the under-body coating for a leading global supplier of truck bodies to the electric utility, telecommunications, tree care, lights, signs and contractor markets. The company demonstrated TechKote WA 2975R as a more durable and applicable alternative, resulting in a substantial cost savings for the customer.


H-I-S Paint Manufacturing

Oklahoma City, OK


President: Joe Cox

Coatings Sales: $10-25 million

Established in 1972, H-I-S Paint Manufacturing is a manufacturer of architectural and industrial coatings for numerous national and global markets. H-I-S is known for its pharmaceutical formulation capabilities in various industrial markets that require compliant technologies to perform in every condition. The company currently operates out of two manufacturing facilities in Oklahoma City and produces brands such as Life-Kote and Master Thane within the Industrial division, and Country Classic and Imperial within the Professional division.

Source: Company website, company contact

Notes: In May 2017, the company announced the acquisition of Premium Coatings of Texas, based in Haslet, Texas. Premium Coatings of Texas is an electrical component and millwork coatings manufacturer. The acquisition broadens the H-I-S industrial coatings portfolio and allows the company to expand into new market segments.