This issue of Paint & Coatings Industry magazine brings you the 14th annual listing of the top coatings manufacturers. We ranked the global leaders according to their worldwide 2005 coatings sales figures and the top 50 North American companies by their 2005 North American coatings sales. All ranking numbers in red indicate a tie for that placement. Both the Top Global Leaders and the PCI 50 appear as a regular feature on our Web site, www.pcimag.com.

The data in this year's listings substantiate the information in PCI Contributing Editor Edward Bourguignon's Marketplace: 2005 Year End Report published in the May 2006 issue of this magazine. The report gives high marks for the industry in 2005 based on data from the U.S. Census Bureau. Bourguignon states that for the year 2005, although the quantity of paint and coatings rose only 2.5% to 1,445.1 million gallons, the value increased to $19,472.7 million for a great finish of 6.7% over 2004. Both the volume and value were all-time annual records for the industry. This was the fourth year in a row of record performance. Even though architectural coatings led the charge for the year, both product OEM and special purpose coatings contributed to the good success. (To access the entire report, visit www.pcimag.com.)

In general, companies in both the global and domestic listings reported higher sales in 2005 than in 2004. There may be a couple of concerns. The biggest paint makers included in the listings may have gained market share from smaller players who did not make the list. Also, some of the larger numbers may be attributed to acquisitions of former entries in the listings.

Last year, the coatings industry experienced the challenge of higher prices for key raw materials, as well as inflated prices for packaging, energy and freight costs due to setbacks from Hurricane Katrina and unprecedented prices for crude oil and feedstocks, causing resins and solvents to compete against gasoline in the octane pool. Reluctantly, paint makers needed to raise their prices as well. Nevertheless, they controlled these price increases and remained viable to a large extent by increasing sales volumes (up 2.5%) and implementing strong expense controls.

There is also a sad note to this story. Sigma Coatings USA, Harvey, La, (Number 48 in last year's North American listing) was closed on Jan. 17, 2006, due to the effects of Hurricane Katrina. SigmaKalon USA LLC was formed on Feb. 1, 2006, in Houston as a sales, marketing and technical group and an integral part of the Protective Coatings (Industrial) & Marine operating unit of the SigmaKalon worldwide company. (See global listing.)

While the PCI staff made every effort to seek out the top companies in the industry, we may have inadvertently omitted some companies. We will be working throughout the year to continuously update the listings to ensure ongoing accuracy. If your company would like to be considered for next year's listings, please e-mail Karen Kramer at kramerk@pcimag.com.



Global Leaders

1. Akzo Nobel nv
Arnhem, The Netherlands
+31-26-266 4433
www.akzonobel.com
CEO/Board Member Responsible for Coatings: Hans Wijers
Est. 2005 Global Coatings Sales: $7.2 billion
Akzo Nobel is the world's largest coatings manufacturer. The company achieved global sales in coatings of €5.6 billion in 2005 and commands leading market positions in nearly all its coatings businesses. Akzo Nobel develops, manufactures and markets innovative, high-quality products and services for most market segments. The company's extensive portfolio includes decorative paints; products for industrial applications such as powder, wood, coil and specialty coatings; automotive refinishes; marine, protective and aerospace coatings; and coatings-related products such as wood and building adhesives. Brands include global and household names such as Crown®, International®, Sikkens®, Interpon®, Levis® and Sadolin®.
Parent Company: Akzo Nobel, Arnhem, The Netherlands
Source: 2005 annual report, press releases, company contact
Recent Acquisitions and Divestments: Divestment of liquid-coatings activities in the agricultural and construction equipment, Germany; acquisition of BASF's wood-construction business, Germany (Decorative Coatings); acquisition of Swiss Lack, Switzerland (Car Refinishes); acquisition of Zweihorn, Germany (Decorative Coatings); acquisition of Toide Paint, China (Decorative Coatings); acquisition of controlling share of Coatech, Egypt (Powder Coatings); acquisition of controlling share of Khimrezerv, Ukraine (Decorative Coatings); and acquisition of Balakom, Czech Republic (Decorative Coatings). In May 2006, Akzo Nobel gained full control of its Asian Akzo Nobel Chang Cheng Coatings joint venture. On June 1, 2006, it was announced that Akzo Nobel's offer to acquire Sico Inc., Canada, was successful. (See the PCI 50 listing.)

2. PPG Industries, Inc.
Pittsburgh
412/434.3131
www.ppg.com
Chairman /CEO: Charles E. Bunch
Est. 2005 Global Coatings Sales: $5.61 billion
PPG is a major global coatings company. Its coatings business is made up of coatings for auto OEM, auto refinish, industrial, architectural, aerospace and packaging applications. Pittsburgh Paints is one of three national and four regional brands in PPG's architectural coatings business. 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 (PDAs) and computers. It is the largest producer worldwide of transportation OEM and refinish coatings. It also has a global position in industrial and packaging coatings, and is a major player in architectural coatings in the United States. Coatings represent 55% of corporate sales of $10.2 billion, or $5.61 billion. Two other industry sectors, Glass & Fiber Glass and Chemicals, make up the rest of the sales.
Source: 2005 annual report, press releases
Notes: Since 1999, PPG's coatings sales in the Asia region have more than doubled, growing at a rate of 18 percent per year. To generate additional growth, in 2005 PPG acquired Crown Coating Industries of Singapore, Asia's leader in radiation-cured coatings for the flooring industry. In 2005, the company also acquired Iowa Paint Manufacturing, a manufacturer of architectural coatings. In so doing, PPG expanded its distribution outlets by acquiring 42 service centers in eight Midwestern states, and also acquired the Iowa and Sterling brands. As a result of the growth in company-owned service centers and home centers, PPG's architectural coatings sales have increased about 14% per year since 1997. In addition, PPG announced it would open a coatings-application facility in Taiwan for fasteners and small parts in the second quarter of 2006.

3. Sherwin-Williams Co.
Cleveland, Ohio
216/566.2000
www.sherwin.com
President and CEO: Christopher M. Connor
Est. 2005 Global Coatings Sales: $5.55 billion
Sherwin-Williams has been in business since 1866. The company is the largest producer and marketer of architectural coatings in North America. Consolidated net sales increased 17.6% in 2005 to $7.19 billion from $6.11 billion in 2004. It is estimated that about 79% of sales, or $5.5 billion, represents coatings sales, with the remainder being related products, including wallcoverings, floor coverings and application supplies. The company sells Sherwin-Williams®-labeled architectural coatings, industrial finishes and associated supplies through company-operated paint and wallcovering stores in 50 states, Canada and some countries of Latin America. It 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: Financial reports, press releases, Web site

4. DuPont Coatings & Color Technologies Group
Wilmington, Del.
302/774.1000
www.dupont.com
Group Vice President: Terry Caloghiris
Est. 2005 Global Coatings Sales: $4.2 billion
DuPont Coatings & Color Technologies Group's platform includes its core markets of automotive, collision repair, paper, industrial coatings, digital printing, 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 2005, sales of coatings worldwide were at $4.2 billion. North American sales of coatings in 2005 are estimated at $1.5 billion. The Coatings & Color Technologies Group's 2005 worldwide sales, including white pigments, were $6.2 billion. DuPont, the parent company, had worldwide sales of $26.6 billion in 2005.
Parent Company: DuPont
Source: Web site, press releases, company contact
Notes: In 2005, DuPont opened a $10-million laboratory in Aichi Prefecture, Japan. DuPont completed its acquisition of Powder Coatings de Mexico and the Standox-Max joint venture in Mexico. The DuPont Aviation Finishes brand was launched. Some 362 new products were introduced during 2005.

5. ICI Paints
Berkshire, UK
+44 1753550000
www.ici.com
CEO/President: David Hamill
Est. 2005 Global Coatings Sales: $2.972 billion
ICI Paints is a leading international paint business and accounted for 40% of the Group's sales in 2005. It concentrates primarily on decorative paint (90% of ICI Paints' sales in 2005) and packaging coatings for food and beverage cans. The Paints business is headquartered in Slough, UK. Major manufacturing facilities are located in the United States, the UK, Brazil, Argentina, Germany, The Netherlands, France, China, India and Malaysia. Additional manufacturing facilities are in 14 other countries. Paints sales during 2005 were 6% ahead of 2004 on a comparable basis with growth for all regions of the decorative paint business, particularly Asia and Latin America, and also for Packaging Coatings. Raw material costs increased substantially over the course of the year, and while increased selling prices recovered the absolute monetary value of the cost increases, gross margin percentages were lower. Sales for Decorative Europe were 1% ahead of 2004 with growth for UK trade sales and sales in Ireland and Eastern Europe partly offset by lower sales in the UK retail market. Decorative North America sales were 4% up on 2004 with growth in all the principal market sectors. Decorative Asia sales were 17% up from 2004 with both volume growth and increased selling prices across the region. Growth was particularly strong in China, India, Pakistan and Vietnam. Sales for Decorative Latin America were 9% ahead compared with 2004. Packaging Coatings also delivered a strong performance, with sales 14% up on 2004, due to both volume growth and selling price increases.
Parent Company: ICI, Plc
Source: Company contact
Notes: In 2005, ICI acquired the Emulsion Powders business from Celanese.

6. BASF Coatings AG
Münster, Germany
+011 49 2501 14 3160
www.basf.com
CEO/President: Raimar Jahn
Est. Global 2005 Coatings Sales: $2.78 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. Total corporate sales in 2005 were €42.745 billion. Coatings sales include automotive OEM coatings, automotive refinish coatings, industrial coatings and (in South America) decorative coatings. North American coatings sales for 2005 were $680 million.
Parent Company: BASF AG
Source: Company contact
Notes: In 2005, General Motors named BASF a 2004 Supplier of the Year for coatings globally, as well as a 2004 Supplier of the Year for coatings in Mexico. In 2005, BASF received the U.S. EPA's Presidential Green Chemistry Award for a refinish UV primer.

7. Valspar Corp.
Minneapolis
612/332.7371
www.valspar.com
President/CEO: William L. Mansfield
Est. 2005 Global Coatings Sales: $2.442 billion
Valspar's total sales for the year increased 11.2% to $2.7 billion with revenue growth in all of its major business lines. The company operates its coatings-related businesses in two reportable segments: Paints and Coatings. Revenues in 2005 were $869.347 million and $1,573.067 million, respectively. The Coatings business segment generated solid results in 2005, with sales increasing over 11%. Packaging coatings grew significantly faster than the market. Industrial coatings also had a strong year, benefiting from the rebound in the economy, success with new business initiatives and growth in China. The Paints business segment had a more difficult year. Sales were solid, increasing over 8%, but operating margins declined due to the lag between price increases and rapidly rising raw-material costs. The Samuel Cabot acquisition, the successful introduction of the QUIKRETE® product line, on-going positive performance of the DeBeer acquisition and Valspar's strong position in the do-it-yourself market bode well for a rebound in 2006. Growth in Asia, particularly in China, remains strong. Over the past four years, this region has achieved compounded annual sales growth in excess of 20%. Valspar increased its market presence during the year with its introduction of mid-priced furniture coatings in 2004. The company's reputation for delivering high-performance coil coatings to its North American customers helped the company to develop a significant supply position with key Chinese steel customers. Valspar has also developed a growing presence in general industrial coatings, capitalizing on its existing infrastructure and growing globally with its general industrial customers.
Source: 2005 annual report, company contact
Notes: In June 2005, Valspar completed the acquisition of Samuel Cabot Inc., a privately owned manufacturer of premium-quality exterior and interior stains and finishes based in Newburyport, Mass. In September 2005, Corus Packaging Plus, a leading packaging steel producer, and Valspar announced a strategic joint polymer-coatings development program. The program's main objective is to expand Corus' Protact® polymer-coated steel business and provide the market with a range of high-performance, customized coated-metal systems. In 2005, Valspar also acquired DSM's powder product line.

8. SigmaKalon Group BV
Uithoorn, the Netherlands
+31 297 54 1700
www.SigmaKalon.com
CEO: Pierre-Marie De Leener
Est. 2005 Global Coatings Sales: $2.3 billion
With a portfolio of leading brands, SigmaKalon is a worldwide player in decorative, marine, protective and industrial coatings. The company, with its headquarters in The Netherlands, employs over 10,000 people in more than 40 countries, with a focus on Europe, Asia and Africa. Global sales exceeded €1.8 billion ($2.3 billion) in 2005. SigmaKalon USA LLC was formed on Feb. 1, 2006, in Houston as a Sales, Marketing and Technical group and as an integral part of the Protective Coatings (Industrial) & Marine operating unit of the SigmaKalon worldwide company. The main office is well situated in the energy corridor of Houston to serve the surrounding oil and gas majors and contractors, including marine owners and operators throughout the North American region.
Parent Company: Bain Capital
Source: Web site, company contact
Notes: In 2006, SigmaKalon acquired the coil coatings activities of Bollig & Kemper, Cologne, Germany, and opened SigmaKalon Research & Development Center in Kunshan, China. In 2005, the company and Gilde Participaties reached an agreement for the acquisition by SigmaKalon of Doelfray & Macostan Coatings BV ("D&M") in Veenendaal, The Netherlands. In early 2006, SigmaKalon regretted to announce that due to the effects of Hurricane Katrina, its licensee, Sigma Coatings USA, Harvey, La., a member of the Total group of companies, had been forced to cease operation.

9. Kansai Paint Co., Ltd.
Osaka, Japan
+81.6.6203 5531
www.kansai.co.jp
President: Shoju Kobayashi
Est. 2005 Global Coatings Sales: $1.832 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 and Refinishes, Industrial Coatings, Decorative Coatings, and Marine and Protective Coatings. 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 and its Group companies.
Source: 2005 annual report, Web site
Notes: In late-2005, COSCO International Holdings Ltd. and Kansai Paint signed an agreement on establishing a paint manufacturing joint venture in Zhuhai, a city in Southern China's Guangdong Province.

10. Nippon Paint Co. Ltd.
Osaka, Japan
+81.6.64581111
www.nipponpaint.co.jp
Chairman: Hiroshi Fujii;
President: Makoto Matsuura
Est. 2005 Global Coatings Sales: $1.7 billion
Nippon Paint Company's paints and coatings are classified into four segments: automotive coatings, trade-use paints, industrial-use paints and coatings, and other paints and coatings. In each of these segments, the company manufactures and sells its products on a global scale. In recent years, Nippon Paint has focused particular attention on developing high-value-added products that are friendly to the environment. Despite the challenges caused by the slight decrease in shipments in terms of volume compared to the previous fiscal year, the Nippon Paint Group posted a 5.2 billion yen (2.5%) increase in consolidated net sales to 208 billion yen. This increase was entirely attributed to the paints and coatings business (estimated at 94.5% of company sales), while sales for the fine chemicals business remained nearly on a par with the previous fiscal year. Within the paints and coatings business, the automotive coatings segment enjoyed considerable sales growth of 10.8%, while sales in the industrial-use paints and coatings segment increased 2.4%. Trade-use paints suffered a 3.4% drop in sales due to difficulties faced in the business environment.
Source: Annual reports, Web site, financial report

RPM International Inc.
Medina, Ohio
330/273.5090
www.rpminc.com
CEO/President: Frank C. Sullivan
Est. 2005 Global Coatings Sales: $1.7 billion
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, automotive and boat repair and maintenance, and by hobbyists. Consumer brands include Zinsser, Rust-Oleum, Varathane, Bondo, and Testors. Non-coatings companies include Agpro, Chemical Specialties, Compact Technology, DAP, Ecoloc, Euclid Chemical, Fibergrate, ValvTect and Weatherproofing Technologies.
Subsidiaries: A/D Fire Protection, Carboline, Day-Glo, Dryvit Systems, Kop-Coat, Nullifire, Pettit, Republic Powdered Metals, Stonhard, TCI, Tremco, Bondo, Flecto, Guardian Products, Mantrose-Haeuser, Martin Mathys, Modern Masters, Mohawk, New Parks, Rust-Oleum, Testor, Westfield Coatings, Wolman and Zinsser.
Parent Company: RPM International, Inc.
Source: Company contact, 2005 annual report, press releases
Notes: Recent transactions include DAP's acquisition of Custom Building Products' line of patch and repair products in February 2006, Euclid Chemical Company's acquisition of $20 million waterproofing-products manufacturer Tamms Industries Inc. in January 2006, and Tremco's acquisition of $137 million German sealants-manufacturer illbruck Sealant Systems in August 2005.



1. The Sherwin-Williams Company
Cleveland
216/566-2000
Chairman, President & CEO: Christopher M. Connor
Est. 2005 North American Coatings Sales: $4.9 billion
Sherwin-Williams is the largest producer and marketer of architectural coatings in North America. The company also has a significant presence in the industrial maintenance and marine coatings (protective coatings), OEM finishes and automotive finishes markets. Total worldwide revenues for 2005 were $7.191 billion, which includes sales of non-coatings products such as applicators, tools and equipment, wall coverings and floor coverings. Approximately 75% of 2005 sales were transacted through company-operated outlets, which totaled 3,388 at year-end 2005. Sherwin-Williams stores are the exclusive outlets for Sherwin-Williams®-branded products. The vast majority of these stores are designed to serve DIY homeowners and architectural and industrial painting contractors. The company also operates specialty coatings outlets to supply OEM finishes to manufacturers and automotive refinishes to body shops, fleets and auto refinishers. In addition to the sale of Sherwin-Williams®-branded products, the company markets a broad line of coatings and related products under well-known brands like Dutch Boy®, Pratt & Lambert®, Krylon®, Minwax®, Thompson's® Waterseal® and Purdy®. These brands are sold through Sherwin-Williams stores as well as through independent retailers.
Source: 2005 Annual Report and 10-K, Web site, press releases, company contact
Notes: In January 2005, Sherwin-Williams acquired the assets and business of KST Coatings Manufacturing, Inc.; KST Coatings LLC; and Uniflex LLC for $23.1 million. KST provides roof coatings and roof, deck and wall sealants to professional painting contractors and do-it-yourself users in the United States under the Kool Seal® and Snow Roof® brands.

2. PPG Industries, Inc.
Pittsburgh
412/434.3131
www.ppg.com
President/CEO: Charles E. Bunch
Est. 2005 North American Coatings Sales: $3.1 billion
PPG is a major global coatings company. It is the largest worldwide supplier of transportation OEM and refinish coatings. It also has a global position in industrial and packaging coatings, and is a major player in architectural coatings in the United States.
Source: Annual report, Web site, press releases
Notes: PPG purchased IPM Group Assets, including the Iowa Paint and Sterling Paint brands.

3. Valspar Corp.
Minneapolis
612/332.7371
www.valspar.com
President/CEO: William L. Mansfield
Est. 2005 North American Coatings Sales: $1.891 billion
The United States is the largest country for customer sales. No single country outside the United States represents more than 10% of consolidated net sales. The company operates its coatings-related businesses in two reportable segments: Paints and Coatings. Global revenues in 2005 were $869.347 million and $1,573.067 million, respectively. The Coatings business segment worldwide generated solid results in 2005, with sales increasing over 11%. Packaging coatings grew significantly faster than the market. Industrial coatings also had a strong year, benefiting from the rebound in the economy, success with new business initiatives and growth in China. The global Paints business segment had a more difficult year. Sales were solid, increasing over 8%, but operating margins declined due to the lag between price increases and rapidly rising raw material costs. The Samuel Cabot acquisition, the successful introduction of the QUIKRETE® product line, on-going positive performance of the DeBeer acquisition and Valspar's strong position in the do-it-yourself market bode well for a rebound in 2006.
Source: 2005 annual report and company contact
Notes: In June 2005, Valspar completed the acquisition of Samuel Cabot Inc., a privately owned manufacturer of premium quality exterior and interior stains and finishes based in Newburyport, Mass. In September 2005, Corus Packaging Plus, a leading packaging steel producer, and Valspar announced a strategic joint polymer coatings-development program. The program's main objective is to expand Corus' Protact® polymer-coated steel business and provide the market with a range of high-performance, customized coated-metal systems. Valspar also acquired DSM's powder product line.

4. Behr Process Corp.
Santa Ana, Calif.
714/545.7101
www.behr.com
CEO/President: Jeff Filley
Est. 2005 North American Coatings Sales: $1.681 billion
Behr Process Corp. has been one of America's leading manufacturers of premium architectural coatings since 1947, with a complete line of interior and exterior paints plus stains and specialty coatings sold primarily to the DIY market through major home centers and other retailers. The company's paints, stains and coatings are marketed under the brand names Premium Plus, Expressions, Behr 1-Coat Paint and Plus 10 Stains. Behr became a member of the Masco family of companies in 1999. Net sales of decorative architectural coatings, including paints and stains, comprised approximately 13% or $1.681 billion of the Masco's consolidated net sales of $12.642 billion for the year 2005.
Parent Company: Masco Corp.
Source: Company contact

5. ICI Paints North America
Cleveland
440/297.8000
www.icipaints.com/northamerica.
CEO/President: Larry Porcellato
Est. 2005 North American Coatings Sales: $1.6 billion
ICI Paints is part of the ICI Group, one of the world's largest producers of specialty products and paints. ICI Paints worldwide has 49 manufacturing sites in 25 countries and more than 15,000 employees. Headquartered in Cleveland, ICI Paints' North American operations produce decorative coatings brands such as Glidden, Dulux, Ralph Lauren, Devoe, Fuller-O'Brien, Sinclair, This Old House, C-I-L paint, Color Your World and Liquid Nails caulks and adhesives. Products are sold through company stores, national/retail outlets and independent dealers in the United States, Canada and Puerto Rico, and exported internationally. Glidden paints are carried at all Home Depot stores. ICI Packaging Coatings is also based in Cleveland alongside ICI Paints and has a dominant share of the metal-container interior coatings market.
Parent Company: ICI, Plc
Source: Web site and company contact
Notes: ICI acquired the Emulsion Powders business from Celanese.

6. DuPont Coatings & Color Technologies Group
Wilmington, Del.
302/774.1000
www.dupont.com
Group Vice President: Terry Caloghiris
Est. 2005 North American Coatings Sales: $1.5 billion
DuPont Coatings & Color Technologies Group's platform includes its core markets of automotive, collision repair, paper, industrial coatings, digital printing, 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 2005, sales of coatings worldwide were at $4.2 billion. North American sales of coatings in 2005 are estimated at $1.5 billion. The Coatings & Color Technologies Group's 2005 worldwide sales, including white pigments, were $6.2 billion. DuPont, the parent company, had worldwide sales of $26.6 billion in 2005.
Parent Company: DuPont
Source: Web site, press releases, company contact
Notes: In 2005, DuPont opened a $10-million laboratory in Aichi Prefecture, Japan. DuPont completed its acquisition of Powder Coatings de Mexico and the Standox-Max joint venture in Mexico. The DuPont Aviation Finishes brand was launched and 362 new products were introduced.

RPM International, Inc.
Medina, Ohio
330/273.5090
www.rpminc.com
CEO/President: Frank C. Sullivan
Est. 2005 North American Coatings Sales: $1.5 billion
RPM is a multinational holding company with subsidiaries that provide high-performance coatings, sealants and specialty chemicals to industrial and consumer markets, primarily for maintenance and improvement. The industrial segment accounts for approximately 56% of sales, and the consumer segment for the remaining 44%. Major paints and coatings subsidiaries are Bondo, Flecto, Guardian, Mohawk, Rust-Oleum, Testor, Wolman, Zinsser, Carboline, Day-Glo, Dryvit, Kop-Coat, Pettit, Stonhard, TCI and Tremco. Non-coatings companies include Chemical Specialties, DAP, Euclid Chemical, Fibergrate, ValvTect and Weatherproofing Technologies.
Parent Company: RPM International, Inc.
Source: Company contact, 2005 annual report, press releases, Web site

8. Cosorcio Comex S.A de C.V. (Comex)
Mexico City
www.comex.com.mx
CEO: Marcos Achar
Est. 2005 North American Coatings Sales: $1.22 billion*
Mexico's largest paint manufacturer, Comex, the leading architectural paint brand in Mexico, distributes its products through more than 3,000 exclusive stores and operates four factories and four distribution centers. In addition to architectural paints, Comex manufactures industrial coatings, automotive paints, roof coatings, wood care products and aerosols.
Source: Company contact
*Note: In 2004, Comex executed a merger agreement with affiliates of The Jordan Company to acquire the stock of Professional Paint, Inc. (PPI). Now that the merger of Comex and PPI is fully complete, only combined sales numbers are reported. (See below.)

Professional Paint, Inc. (PPI)
Lone Tree, Colo.
720/873.3060
www.professionalpaintinc.com
President/CEO: Kent Child
Est. 2005 North American Coatings Sales: $1.22 billion*
Professional Paint consists of many paint companies located in North America - Kwal-Howells, Frazee, Parker Paint, Sophir Morris Paints, Stellar-Kwal, Ideal Paints and General Paint. Although PPI is a newer company, the history of its subsidiaries goes back as far as 1896. The company markets architectural and industrial-maintenance paints through 310 company-owned stores and also through dealers. Its market is concentrated in the Western United States and all of Canada.
Subsidiaries: Kwal-Howells, Frazee, Parker Paint, General Paint
Parent Company: Comex (Consorcio Comex S.A. de C.V.)
Source: Company contact
*Note: In September 2004, PPI executed a merger agreement with Comex Paint of Mexico where Comex acquired the stock of PPI. PPI is managed and operated as a standalone division of Comex, with PPI management unchanged. (See above.) With the merger of Comex and PPI, only their combined sales numbers are reported. On May 31, 2006, it was announced that PPI had acquired, through a wholly owned subsidiary, the operating assets of Color Wheel Paint Mfg. Co., Inc.

10. Akzo Nobel Coatings, Inc.
Louisville, Ky.
502/254.0470
www.akzonobel.com
Business Unit Manager: Robert Torba
Est. 2005 North American Coatings Sales: $1.06 billion
Globally, Akzo Nobel is the largest paint company and is a major supplier of wood, coil, powder, marine, auto refinish and industrial coatings. In the United States, the company manufactures coatings for all markets except architectural. Total coating division sales in North America are at $1.06 billion, which is 15% of worldwide coatings sales of $7.2 billion. The coatings business unit also produces some non-coating products.
Parent Company: Akzo Nobel, Arnhem, The Netherlands
Source: Web site, press releases and company contact

11. Benjamin Moore & Co.
Montvale, N.J.
201/573.9600
www.benjaminmoore.com
CEO/Chairman: Yvan Dupuy
President: Denis Abrams
Est. 2005 North American 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: Annual report for Berkshire Hathaway, Inc., Web site, company contact

12. BASF Coatings
Southfield, Mich.
248/827.4670
www.basf.com
Group Vice President: Jay Baker
Est. 2005 North American Coatings Sales: $680 million
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 are for automotive OEM and refinish, industrial OEM products and high-performance industrial-maintenance coatings.
Parent Company: BASF, AG
Source: Company contact
Notes: In 2005, General Motors named BASF a 2004 Supplier of the Year for coatings globally as well as a 2004 Supplier of the Year for coatings in Mexico. In 2005, BASF received the EPA's Presidential Green Chemistry Award for a refinish UV primer.

13. Dunn-Edwards Corp.
Los Angeles
323/771.3330
www.dunnedwards.com
CEO: Kenneth N. Edwards,
President/COO: Mike Rose
Est. 2005 North American Coatings Sales: $402 million
Dunn-Edwards, founded in 1925, operates more than 80 stores in five Western states: California, Arizona, New Mexico, Nevada and Texas. Dunn-Edwards manufactures paints, varnishes, lacquers and enamels, as well as paint-related products ranging from ladders to spray equipment. The company caters to architects, designers, homebuilders and property managers in the Southwest; it also serves do-it-yourselfers, although professionals account for 90% of sales.
Source: Web site, company contact

14. Kelly-Moore Paint Co., Inc.
San Carlos, Calif.
650/592.8337
www.kellymoore.com
CEO/President: Steve DeVoe
Est. 2005 North American Coatings Sales: $335 million.
Founded in 1946 by William H. Kelly and William E. Moore, the company has grown to be one of the major Western U.S. paint manufacturers and suppliers. The company operates 155 paint stores for architectural and industrial-maintenance coatings in nine western states. The company produces over 20 million gallons of paint.
Source: Company contact

15. True Value Company
Chicago
773/695.5000
www.truevaluecompany.com
Interim CEO: Thomas Hanemann
Est. 2005 North American Coatings Sales: $320 million
True Value Company (formerly known as TruServ Corporation) manufactures exclusive brands for its retail identities including True Value paints. True Value Company is one of the largest hardware cooperatives in the nation, with about $2.0 billion in wholesale sales. Paint is manufactured under the True Value brand at one location and distributed nationally throughout the United States. True Value Company serves approximately 6,000 independent retailers operating under the store identities of True Value, Grand Rental Station, Taylor Rental, Party Central, Home & Garden Showplace and Induserv Supply. Painting and cleaning products represented about 16% of the retailer's total sales.
Source: Annual report, Web site



16. Sico, Inc.
Longueuil, Québec, Canada
450/442.7957
www.sico.com
CEO/President: Pierre Dufresne
Est. 2005 North American Coatings Sales: $278.6 million
In business since 1937, Sico is the largest company in Canada specializing in the development, manufacture and marketing of paints, coatings and related products. 2005 sales results are reported as $312 million CDN (US$278.6 million), out of which 88.8% were architectural sales and 11.2% industrial. Sico has about 24% share of the Canadian architectural paint market, its core business, and stands out for its innovative, high-quality products, strong brand recognition and the scope of its distribution network, which includes some 2,500 points of sale from coast to coast. In North America, Sico also markets industrial coatings primarily for metal, and mostly intended for the transportation equipment industry, the heavy machinery industry and other specialized applications. Sico employs more than 1,000 people in Canada, the United States and Mexico.
Source: Company contact and press releases
Notes: Acquired Mills Paint from British Columbia in the 4th quarter of 2005. On June 1, 2006, it was announced that Akzo Nobel N.V.'s offer to acquire Sico Inc. was successful.

17. CPI
(Cloverdale Paint Company and Rodda Paint Company)
604/596.6261
Portland, Ore.
503/521.4300
www.roddapaint.com or
www.cloverdalepaint.com
Rodda Paint Company Chairman: Thomas J. Braden
Cloverdale Paint Company CEO: Wink Vogel, President: Al Mordy
Est. 2005 North American Coatings Sales: $190 million
Rodda Paint Co. and Cloverdale Paint Co. merged in July 2004 to create CPI. Rodda employs 350 persons, operates 44 branches in Washington, Oregon, Northern Idaho and Alaska, and a manufacturing plant in Portland, Ore. Cloverdale employs 650 persons, operates 65 branches in Western Canada and four manufacturing plants in Canada. Rodda Paint Co. is the largest regional paint company in the Pacific Northwest. It also manufactures products for other companies. Cloverdale Paint manufactures and markets architectural and industrial-maintenance products in Canada for sale in the Pacific Northwest.
Source: Company contact

18. Rohm and Haas Co.
Philadelphia
215/592.3000
www.rohmhaas.com
Vice President, Coatings: Alan E. Barton
Est. 2005 North American Coatings Sales: $188 million
Rohm and Haas is a major specialty-chemical company with worldwide operations. Within the Coatings Group, the powder coatings business offers a strong portfolio of powder coatings in many different colors, textures, finishes and unique end-use properties that are utilized within the consumer, automotive, 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 Automotive Coatings is the market leader in providing customized liquid coatings for OEM automotive plastic components. It develops, manufactures and markets these coatings for interior and exterior applications for all major automotive OEMs. Its global reach extends to Europe, South America and Asia. Total coatings sales for 2005 globally were $322 million for powder coatings and $109 million for automotive coatings making a combined total global sales figure of $431 million, of which North American coatings sales are estimated at 43.7% of the total, or $188 million.
Source: Company contact
Notes: Rohm and Haas expanded powder coatings business into China with the completion of a new powder coatings manufacturing facility in Shanghai in April 2005.

19. M.A.B. Paints
Broomall, Pa.
610/353.5100
www.mabpaints.com
CEO/President: Thomas A. Bruder, Jr.
Est. 2005 North American Coatings Sales: $165 million
This is one of the largest privately owned paint companies, in operation for over 100 years. With 133 company-owned paint stores and 100 independent dealers, the company distributes paint and coatings east of the Mississippi. M.A.B. produces a complete line of architectural, industrial OEM and heavy-duty maintenance coatings.
Source: Company contact

20. Ennis Paint, Inc.
Ennis, Texas
972/875.7272
www.ennispaint.com
CEO/President: John Anderson
Est. 2005 North American Coatings Sales: $147 million
Ennis Paint, Inc., incorporated in 1996, 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 and press release
Notes: Reichhold and Ennis Paint formed a joint venture, creating Innovative Performance Systems, LLC.

21. Ace Hardware Corp.
Oakbrook, IL
630/990.6600
www.acehardware.com
CEO/President: Ray Griffith
Est. 2005 North American Coatings Sales: $141 million
Ace Hardware Corp., 81 years old, is the largest-volume member-owned cooperative in the hardware industry. Ace manufactures its own paints and distributes them to member hardware stores. Ace operates about 4,800 hardware stores, mostly in the United States, although it has stores in 70 other countries. Paint, cleaning and related supplies represent about 22% of Ace warehouse sales. About 4% of total sales are outside the United States.
Source: Company contact

22. Ameron International Performance Coatings & Finishes Group
Alpharetta, Ga.
678/393.0653
www.ameroncoatings.com
Group President: Stephen F. Dickey
Est. 2005 North American Coatings Sales: $135 million
Ameron International is a global company with businesses in coatings, fiberglass-composite pipe, concrete and steel pipe, and construction and allied products. Corporate sales worldwide were over $704 million in 2005. The Performance Coatings & Finishes Group manufactures and markets coatings for marine, offshore and heavy-duty maintenance applications. Its products are marketed worldwide. Total worldwide Ameron coatings sales were almost $210 million, with an estimated 65% of the sales from North America.
Source: Annual report, company contact

23. Diamond Vogel Paints Co.
Orange City, Iowa
712/737.8880
www.diamondvogel.com
President/CEO: Drew Vogel
Est. 2005 North American Coatings Sales: $130 million
Vogel Paints was started in 1926 and became Diamond Vogel Paints after the acquisition of Diamond Products in 1967. The company sells architectural coatings in 80 company-owned stores in 13 central states. Diamond Vogel also produces industrial coatings for a wide variety of OEM products, and markets heavy-duty maintenance coatings. It acquired certain assets of Davis-Frost and Four Seasons Paint to expand its industrial-coatings offerings. A new powder-coating plant has been started to expand its industrial-coatings product line.
Subsidiaries: Diamond Vogel Paints, Van Sickle Paint Mfg. Co. and Diamond Products.
Parent Company: Vogel Paint, Inc.
Source: Web site, press releases, Internet

24. Chemcraft International
Winston-Salem, N.C.
336/723.1846
www.chemcraft.com
CEO/President: David Rogers
Est. 2005 North American Coatings Sales: $126 million
Chemcraft, founded in 1977, manufactures coatings primarily for wood, kitchen cabinets, furniture, wood flooring and millwork manufacturers. Its products include nitrocellulose lacquers, waterborne finishes, and polyester, polyurethane and UV coatings, as well as vinyl finishes. Chemcraft has 13 locations in North America, including seven manufacturing plants.
Subsidiaries: Chemcraft acquired Alternative Materials Technology, which represents substantially all of the assets of Polymer Solutions. In 2005, Chemcraft acquired a minority interest in Inchem Holdings International Inc. Based in Singapore, Inchem has ownership of coatings manufacturers in Malaysia, Vietnam and China. In 2006, Chemcraft acquired a majority interest in Chemcraft do Brasil, which represents substantially all the assets of ICD coatings.
Source: Company contact

25. The P.D. George Co.
St. Louis
314/621.5700
www.pdgeorge.com
CEO/President: Dr. Susan W. Graham
Est. 2005 North American Coatings Sales: $118 million
The P.D. George Company, founded over 86 years ago, is a premier supplier of specialty polymers for the electrical and electronic industries. The key products include magnet wire enamel, insulating varnishes and encapsulating resins. It also produces tubing and sleeving varnishes, pultrusion resins, laminating resins, adhesives and conformal coatings. The P.D. George Company is part of the ALTANA, AG, group of companies, offering a strong global approach to research, manufacturing and service.
Parent Company: ALTANA, AG, of Germany
Source: Web sites, press releases, financial report, company contact

26. Insl-x Corporation
Stoney Point, N.Y.
845/786.5000
www.insl-x.com
CEO/President: James A. Weil
Est. 2005 North American Coatings Sales: $115 million
Insl-x manufactures a broad range of industrial and high-performance coatings. Its products are marketed nationally through a network of distribution warehouses. In September 2004, Insl-x acquired Wattyl Ltd.'s Coronado Paint Co. Inc. and Lenmar Inc. coatings units, as Australia-based Wattyl moved to sell its remaining U.S. coatings businesses. Coronado, based in Edgewater, Fla., is a producer of architectural coatings. Lenmar, based in Baltimore, is a manufacturer of lacquers and polyurethane coatings. An earlier acquisition of Bruning Paint provided a strong architectural-coatings base with a network of company-owned stores and dealers. Products now include a broad range of industrial coatings, stains and clear finishes.
Source: Web site, press releases

27. Vista Paints
Fullerton, Calif.
714/680.3800
www.vistapaint.com
CEO/President: Eddie Fischer
Est. 2005 North American Coatings Sales: $105 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 46 company-owned stores in Southern California, Las Vegas and Sacramento, Calif. 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

28. LORD Corporation
Cary, N.C.
877-ASK-LORD
www.lord.com
CEO/President: Richard L. McNeal
Est. 2005 North American Coatings Sales: $100 million
LORD Corp., founded in 1924, 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 $500 million.
Source: Company contact
Notes: Early this year, LORD Corp. purchased certain assets of Henkel KGaA of Düsseldorf, Germany, comprising Henkel's elastomer device bonding and coatings business. The business primarily serves automotive and industrial customers, and includes the trade names Chemosil, Flocksil, Cuvertin and Sipiol.

29. Yenkin-Majestic Paint Corp.
Columbus, Ohio
614/253.8511
www.majicpaints.com
www.yenkin-majestic.com
www.opcpolymers.com
President: Jonathan M. Petuchowski; COO: Andrew O. Smith
Est. 2005 North American Coatings Sales: $95 million
Yenkin-Majestic, founded in 1920, 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 have expanded beyond the U.S. national market, with representation and service throughout North America. Product categories are alkyds, oil-modified urethanes, monomer-modified combinations, high solids, water reducibles and VOC-compliant vehicles.
Subsidiaries: OPC Polymers
Source: Company contact

Spraylat Corp.
Pelham, N.Y.
914/738.1600
www.spraylat.com
CEO: Michael Borner,
President: Raymond T. Chlodney
Est. 2005 North American Coatings Sales: $95 million.
Spraylat Corporation, founded in 1936, is an innovative supplier to the product finishing market, offering both decorative and functional coatings. Spraylat began production of powder coatings in 1987. It offers high-technology coatings, including electrically conductive coatings for EMI/RFI shielding, lightning protection 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, specialty OEM applications, as well as solutions and coatings for mirror manufacturing. Spraylat's global operations include locations in North America, Europe and Asia.
Source: Company contact



31. Color Wheel Paints & Coatings
Orlando, Fla.
407/293.6810
www.colorwheel.com
CEO/President: Donald K. Strube, Jr.
Est. 2005 North American Coatings Sales: $91 million
Founded in 1960, Color Wheel Paints & Coatings manufactures products specifically formulated for severe southern climates. It distributes architectural, commercial and industrial paints, coatings, and related supplies and equipment through a network of company-owned and dealer stores located in Florida, Georgia and South Carolina.
Source: Company contact
Notes: On May 31, 2006, it was announced that Professional Paint, Inc., (PPI) the U.S. subsidiary of Comex (Consorcio Comex S.A. de C.V.), had acquired, through a wholly owned subsidiary, the operating assets of Color Wheel.

32. Tnemec Co.
Kansas City, Mo.
816/483.3400
www.tnemec.com
CEO/President: Thomas Osborne
Est. 2005 North American Coatings Sales: $85 million
Tnemec Co., cement spelled backward, founded in 1921, specializes in coatings for new construction and maintenance. It specializes in and manufactures architectural and industrial coatings, from aliphatic acrylic urethanes to coatings formulated specifically for containment of the harshest solvents and chemicals. Tnemec is one of the leading suppliers for interior and exterior coatings for water storage tanks. The Chemprobe subsidiary manufactures water-repellent and stain products for concrete, masonry and wood.
Subsidiaries: Chemprobe Coating Systems, Inc.
Source: Company contact

33. Red Spot Paint & Varnish Co.
Evansville, Ind.
812/428.9100
www.redspot.com
CEO/President: Charles D. Storms
Est. 2005 North American Coatings Sales: $81 million
Red Spot is a privately held global coatings manufacturer specializing in coatings for plastics. Red Spot's core businesses are automotive interior, exterior and forward lighting products. Red Spot is the market leader in coatings for automotive forward lighting, interior rigid applications, laser etch applications for radio and climate controls, in-mold for IPs and door panels, and composite primers and topcoats for automotive body parts. Its products are sold globally via export and produced globally through licensing and joint ventures, which add $22 million to Red Spot's sales. Red Spot's Global Alliance with Fujikura Kasei, in Asia, and Sonneborn and Rieck, in Europe, allow the company to meet the needs of global automotive OEMs and Tier 1s outside the Americas. Specialty Products applications include coatings for power sports vehicles; golf balls, shafts and heads; cosmetic packaging; and other markets where custom solutions are required.
Source: Company contact

34. JONES-BLAIR Company
Dallas, Texas
214/353.1600
www.jones-blair.com
CEO/President: Jerry D. Jones
Est. 2005 North American Coatings Sales: $80 million
JONES-BLAIR Company, founded in 1928, is a fully integrated research, manufacturing and marketing organization. The company consists of two divisions: JONES-BLAIR High Performance Coatings for industrial OEM, maintenance applications and corporate re-imaging coatings, and NEOGARD surface-applied waterproofing, seamless epoxy flooring, elastomeric roofing and wall coating systems.
Source: Web site, Internet, company contact

35. Willamette Valley Co.
Eugene, Ore.
541/484.9621
www.wilvaco.com
CEO/President: John R. Harrison
Est. 2005 North American Coatings Sales: $79 million
Willamette Valley Co. has been in business since 1952, serving the wood and wood-products industries. Willamette produces a variety of synthetic patching products, primers, paints, sealers, adhesive extenders and coated abrasives. The Performance Coatings Division manufactures high-performance coatings and containment barriers for the utility, mining, petrochemical and transportation industries. Eclectic Product, Inc., a subsidiary, produces wood fillers and waterborne stains and lacquers for the retail DIY and industrial wood-products markets. Its products are sold throughout North America and in Europe, Asia and South America.
Subsidiaries: Eclectic Products, Inc., Canadian Willamette Industries
Source: Web site, Internet

36. TIGER Drylac Canada Inc.
Guelph, Ontario, Canada
www.tigerdrylaccanada.com
519/766.1002
CEO/President: Larry McNeely
Est. 2005 North American Coatings Sales: $64 million
TIGER is ranked the fifth-largest powder manufacturer in the world with sales of over $140 million and over 800 employees, and boasts the largest selection of top-of-the-line powder coatings in every type of chemistry. Established in 1991, the company has manufacturing facilities in Guelph and a newly opened facility in Delta, B.C., plus warehouses and offices in Calgary, Winnipeg and Montreal. The company employs 90 people in Canada.

37. Seibert Powder Coatings
Cleveland
216/631.2002
CEO/President: Sam Rhue
Est. 2005 North American Coatings Sales: $63 million
Seibert Powder Coatings produces finishes primarily for the automotive industry. It also produces private-label products for the industrial, lawn and garden, architectural, and steel office-furniture markets. The facility for liquid coatings operates at the same location under the name NPA, Automotive. The company is affiliated with Nippon Paint of Japan and known as NPA Coatings, Inc.
Source: Company contact

38. Columbia Paint & Coatings
Spokane, Wash.
509/535.0954
www.columbiapaint.com
CEO/President: H. H. Larison
Est. 2005 North American Coatings Sales: $62.54 million
Columbia Paint and Coatings, in business since 1947, manufactures and supplies architectural and industrial coatings to DIY consumers and paint contractors in the Northwest and Mountain West areas of the United States. It operates 39 retail-wholesale stores in Washington, Idaho, Montana, Oregon, Utah, Wyoming, North Dakota and Alaska.
Source: Company contact

39. California Products Corp.
Andover,Mass.
978/623.9980
www.californiapaints.com
CEO/President: Joseph Junkin
Est. 2005 North American Coatings Sales: $56 million
California Paints, founded in 1926, manufactures coatings for architectural, consumers and contractors. California Products produces interior and exterior architectural paints.
Subsidiaries: Plexipave Sport Surfacing Systems, Deco Tennis Surfacing Systems, Fiberlock Technologies, Inc.
Source: Web site, company contact

40. CFC International Inc.
Chicago Heights, Ill.
708/891.3456
www.cfcintl.com
CEO/President: Gregory M. Jehlik
Est. 2005 North American Coatings Sales: $51 million
CFC International is a worldwide holography and specialty coated-film company. The company designs, manufactures and markets chemically complex, multilayer, transferable coatings and sophisticated holographic technologies. The coatings are not only decorative but also provide invisible functionality, such as abrasion and chemical resistance. Total sales for 2005 were $90.4 million, with about 44.5% resulting from international operations.
Source: Company contact

41. Aervoe Industries, Inc.
Gardnerville,Nev.
775/783.3100
www.aervoe.com
CEO: David A Williams
President: Mark D. Williams
Est. 2005 North American Coatings Sales: $50 million
Aervoe Industries, Inc., is a manufacturer and marketer of coatings, chemicals, lubricants and cleaners. Products are sold through both the industrial and consumer channels. Brands include Aervoe, Crown, Contractor Specialties, Zynolyte and Wind n Go. Products are sold worldwide through independent distribution channels, paint stores, MRO and Stafda Distribution. Aervoe is the acknowledged leading supplier of Inverted marking paints, worldwide, and the leading supplier of specialty coatings to the municipal marketplace. Products are manufactured in Gardnerville, Nev., and shipped from Nevada or Nashville, Ill.
Source: Company contact

Hentzen Coatings, Inc.
Milwaukee
414/353.4200
www.hentzen.com
CEO/President: Albert Hentzen
Est. 2005 North American Coatings Sales: $50 million
Hentzen Coatings, founded in 1923, is a developer of advanced-technology coatings for the industrial OEM and military markets. The company markets a wide range of industrial coatings, including waterborne, solventreducible and powder coatings.
Source: Company contact

43. Gemini Industries
El Reno, Okla.
405/262.5710
www.gemini-coatings.com
CEO/President: Roger Woolery
Est. 2005 North American Coatings Sales: $44.8 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% 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 to provide nationwide service.
Parent Company: Gemini Industries
Source: Company contact

44. Daubert Chemical Company, Inc.
Chicago
708/496.7350
www.daubertchemical.com
CEO/President: Mike Dwyer
Est. 2005 North American Coatings Sales: $42 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 service the aerosol packaging industry. It primarily markets directly, with some distributor sales.
Parent Company: Daubert Industries
Source: Company contact

Hempel (USA) Inc.
Conroe,Texas
936/523.6000
www.hempel.us
CEO/President: Lars Johansen
Est. 2005 North American Coatings Sales: $42 million
HEMPEL has been developing and producing high-standard paints and coatings with the same consistent high quality for over 90 years. HEMPEL has an extensive worldwide network and is always close to its customers needs with an exceptional service. The company's wide range of products has a proven track record of long-lasting protection.
Source: 2005 annual report, Web site, Internet, company contact

46. Deft, Inc.
Irvine, Calif.
949/474.0400
www.deftfinishes.com
CEO/President: William A. Desmond
Est. 2005 North American Coatings Sales: $41 million
Deft, a 60-year-old business, produces a full line of professional-quality, yet easy-to-use, interior wood stains and finishes, and commercial and militaryspecification primers and coatings.
Source: Company contact

47. The Muralo Co., Inc.
Bayonne,N.J.
201/437.0770
www.muralo.com
CEO/President: James S. Norton
Est. 2005 North American Coatings Sales: $40 million
Muralo, founded in 1894, 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

United Gilsonite Laboratories
Dunmore, Pa.
570/344.1202
www.ugl.com
CEO/President: Thomas White
Est. 2005 North American 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

49. McCormick Paints
Rockville, Md.,
301/770.3235
www.mccormickpaints.com
CEO/President: J. Casey McCormick
Est. 2005 North American Coatings Sales: $36 million
McCormick Paints was founded in 1960 to manufacture and sell a full line of architectural paints for DIY consumers and contractors. These are sold through 23 company-owned stores and through independent paint dealers throughout the Mid-Atlantic region. Coatings are also produced for heavyduty maintenance and traffic marking. McCormick Paints is the Mid-Atlantic Region distributor for DuPont industrial coatings. It has a GSA government contract and sells products overseas.
Source: Company contact

50. Sheboygan Paint Co.
Sheboygan,Wis.
920/458.2157
www.shebpaint.com
CEO: Brock Brownrigg
Est. 2005 North American Coatings Sales: $34.2 million
The Sheboygan Paint Company was founded in 1921 to produce varnish for the wooden-chair manufacturing industry. The company is family owned and has grown steadily over the years. Growth has been achieved through the development and adaptation of new coating technologies, as well as through mergers and acquisitions.
Subsidiaries: Atomized Powder Coatings, Terre Haute, Ind.; Vortex Liquid Color, Sheboygan, Wis.
Source: Company contact

HONORABLE MENTIONS:

Northwest Coatings LLC
Oak Creek, Wis.
414/762.3330
www.northwestcoatings.com
CEO/President: Jeff Holdsberg
Est. 2005 North American Coatings Sales: $32 million
Northwest Coatings manufactures performance UV/EB and water-based adhesives and coatings for various markets. Northwest offers excellent service and reliability, whether a standard product or a custom formulation unique to the application is required.
Source: Company contact

U.S. Paint Corp.
St. Louis
314/621.0525
www.uspaint.com
CEO/President: John Duchardt
Est. 2005 North American 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

INX International Ink Co.
Schaumburg, Ill.
630/382.1800
www.inxinternational.com
CEO/President: Rick Clendenning
Est. 2005 North American Coatings Sales: $30 million
INX offers an extensive line of inks and coatings for all printing and packaging market segments of the graphic arts industry. It is a subsidiary of Sakata Inx Corp., a Japanese company. It sells overprint varnishes, aqueous coatings, UV/EB coatings and metal-decorating coatings along with a full line of inks. INX is the third largest ink manufacturer in North America.
Parent Company: Sakata Inx Corp.
Source: Company contact