Valspar Chairman, President and CEO Richard Rompala said the transaction “is a natural strategic fit” for Valspar and “provides additional manufacturing capacity and flexibility for Valspar's rapidly growing decorative powder coatings business.”
Valspar Purchases Partner’s Stake in Powder Venture
September 7, 2000
MINNEAPOLIS — The Valspar Corp. said it has acquired the 50% stake in Farboil Co. formerly held by its partner in the joint-venture business, a manufacturer of decorative powder coatings and other products. Farboil, located in Baltimore, had revenue of $17 million for the year ended May 31, 1999.