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

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