Valspar Forms Paint Supply Relationship with Ace Hardware, Buys Ace’s Paint Manufacturing Assets
MINNEAPOLIS/CHICAGO – Paint and coating manufacturer Valspar Corp., Minneapolis, announced a long-term strategic supply relationship with Ace Hardware Corp., Chicago, under which Valspar will manufacture and supply Ace-branded paint products as well as make a comprehensive line of Valspar-branded paints available to more than 4,000 Ace retail locations in the United States. In addition, the two companies announced that Valspar has acquired Ace Hardware’s paint manufacturing assets, including two manufacturing facilities located near Chicago.
The relationship combines Ace’s in-store service model and neighborhood store footprint with Valspar’s national paint brand, manufacturing and distribution expertise, and technology.