The 2021 Global Top 10: No. 1 The Sherwin-Williams Co.
1. The Sherwin-Williams Co.
Cleveland
216/566.2000
Chairman, President and CEO: John G. Morikis
2020 Coatings Sales: Approx. $14.69 billion
Founded by Henry Sherwin and Edward Williams in 1866, The Sherwin-Williams Co. provides coatings and related products to professional, industrial, commercial and retail customers in paint stores in the United States, Canada and the Caribbean. Sherwin-Williams is organized into three segments: The Americas Group, the Consumer Brands Group and the Performance Coatings Group.
The Americas Group operates the Sherwin-Williams branded coatings and supplies in the United States, Canada, the Caribbean and Latin America. Products sold through this group include paint, stains, aerosols, caulks, varnishes, protective and marine coatings, applicators, and spray equipment in the United States, Canada, the Caribbean and Latin America; wall and floor coverings in the United States, Canada and the Caribbean; and OEM product finishes in Latin America. Brands include Sherwin-Williams®, Cashmere®, Colorgin®, Duration®, Emerald®, Harmony®, Kem Tone®, Loxon®, Metalatex®, Novacor®, Paint Shield®, ProClassic®, ProIndustrial™, ProMar®, SuperDeck®, SuperPaint® and Woodscapes®. The Americas Group operates 4,476 Sherwin-Williams paint stores in the United States, Canada and the Caribbean, and 298 in Brazil, Chile, Ecuador, Mexico and Uruguay.
The Consumer Brands Group sells branded and private-label products through retailers in North America, and parts of Europe, Australia, New Zealand and China. Customers include professional painting contractors, DIY painters, industrial maintenance providers and flooring contractors. Products sold in this group include paints, stains, varnishes, wood finishing products, wood preservatives, industrial products, corrosion inhibitors, aerosols, caulks and adhesives, and applicators. Brands include Cabot®, Duckback®, Dupli-Color®, Dutch Boy®, Geocel®, HGTV HOME® by Sherwin-Williams, Huarun®, Krylon®, Minwax®, Pratt & Lambert®, Purdy®, Ronseal®, Solver®, Thompson’s® WaterSeal®, Valspar®, Wattyl®, White Lightning®. The group serves customers in the United States, Canada, Poland, United Kingdom, Poland, Australia and New Zealand through over 10,000 distribution points.
The Performance Coatings Group sells coatings and finishes to customers in the general industrial, industrial wood, protective and marine, coil and extrusion, packaging, and automotive coatings markets. Brands include Sherwin-Williams®, Acrolon®, AcromaPro®, ATX®, AWX Performance Plus™, DeBeer®, Dimension®, Duraspar®, EcoDex®, Envirolastic®, Euronavy®, Excelo®, EzDex®, Fastline®, Firetex®, Fluropon®, Heat-Flex®, House of Kolor®, Huarun®, Kem Aqua®, Lazzuril®, Macropoxy®, Martin Senour®, ML Campbell®, Perma-Clad®, Planet Color®, Polane®, Powdura®, Sayerlack®, Sher-Wood®, Sumaré®, Ultra™, ValPure® and Valspar®. It operates 327 branches serving automotive, general industrial, industrial wood and coil customers in 33 countries throughout North America, Europe, Asia, Australia and South America.
Sherwin-Williams reported total consolidated sales for 2020 of approximately $18.36 billion. It is estimated at approximately 80% of sales, or about $14.69 billion, represents coatings sales, with the remainder being related to products such as floor coverings, application supplies and wallcoverings. The Americas Group reported a 2.1% increase in net sales to $10.38 billion in 2020, which accounts for 57% of total sales for the company in 2020. The Consumer Brands Group saw a 14.1% increase in sales in 2020 to $3.05 billion. This accounts for 16% of 2020 total sales. The Performance Coatings Group reported a 2.5% decrease in net sales in 2020 to of $4.92 billion. Performance Coatings Group sales represent 27% of total sales for 2020.
Notes: In February of this year, Sherwin-Williams Co. announced it had signed a purchase agreement with global coatings company Hempel A/S to divest Wattyl, an Australian and New Zealand manufacturer and seller of architectural and protective paint and coatings with annual revenue of approximately $200 million and 750 employees.
Source: 2020 Annual Report, company website, press releases
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