1. AkzoNobel nv

Amsterdam, The Netherlands
Chairman of the Board of Management: Ton Büchner
Coatings Sales: $13.4 billion (€9.7 billion)

AkzoNobel is a leading global coatings company and a major producer of specialty chemicals. AkzoNobel’s portfolio includes well-known brands such as Dulux, Sikkens, International and Eka. The company is consistently ranked as a leader in the area of sustainability. With operations in more than 80 countries, the company has 50,000 employees.

Parent Company: AkzoNobel

Source: AkzoNobel Report 2013, press releases, company contact

Notes: In September 2013, the company announced plans to invest €50 million to build new powder coating and decorative paint manufacturing facilities in western China, and in November the company opened a new €20 million decorative paints plant in Gwalior, India. In December 2013, AkzoNobel agreed to sell its German decorative paints stores to five independent wholesale distributors. Earlier this year, the company announced plans to invest in a new powder coatings pilot plant at its facility in Felling, UK. In April of this year, the company announced it had completed the expansion of its industrial coatings site in Songjiang near Shanghai in China, doubling annual production capacity and creating the company’s biggest plant for packaging coatings in the world.


2. PPG Industries, Inc.

Chairman/CEO: Charles E. Bunch
Coatings Sales (Net): Approx. $12.8 billion

PPG’s global coatings businesses comprise coatings for the aerospace, architectural, automotive OEM, automotive refinish, industrial, packaging, protective, and marine and specialty markets. The company serves customers in industrial, transportation, consumer products, and construction markets and aftermarkets. PPG is the world’s leading manufacturer of transportation OEM and refinish coatings.

In 2013, PPG delivered all-time record full-year adjusted earnings from continuing operations of $8.28 per diluted share, as well as record earnings in each major geographic region. Full-year net sales increased about 24% year-over-year to $5.9 billion for the company’s Performance Coatings segment (aerospace, architectural coatings – Americas and Asia Pacific, automotive refinish, and protective and marine coatings businesses) and about 11% year-over-year to $4.9 billion for the Industrial Coatings segment (automotive OEM, industrial and packaging coatings businesses). For the Architectural Coatings – EMEA (Europe, Middle East and Africa) segment, full-year net sales decreased about 4% from the prior year to $2.1 billion. Coatings represented about 85% of PPG’s 2013 total net sales from continuing operations of $15.1 billion. Notably, PPG achieved record cash flow from continuing operations in 2013 of about $1.8 billion, up 15% versus 2012.

Source: 2013 Annual Report, company website, company contact

Notes: PPG greatly accelerated the pace of its portfolio transformation in January 2013 with completion of the separation of its former commodity chemicals business. Three months later, the company completed the acquisition of AkzoNobel’s North American architectural coatings business, the second-largest acquisition in PPG’s history, and extended its architectural coatings business in the United States, Canada and the Caribbean in all three major distribution channels – home centers, independent paint dealers and company-owned paint stores. This acquisition contributed approximately $1.2 billion in net sales to PPG’s Performance Coatings reportable segment in 2013, and the company initiated a restructuring program in the third quarter 2013 to capture additional acquisition-related cost synergies and take additional actions that together are expected to deliver cost savings of between $75 million and $90 million this year. In May 2013, the company acquired certain assets of specialty coatings provider Deft Incorporated, enhancing its aerospace coatings product portfolio. PPG announced in July 2013 it had reached an agreement to divest its 51% ownership interest in the Transitions Optical joint venture as well as 100% of its sun lens business, and this transaction closed March 31, 2014. Additionally in 2013, PPG spent $515 million – its highest capital spending level in more than 10 years – to invest in its operations throughout the world and continue driving organic growth.

In terms of leadership, Frank S. Sklarsky became Executive Vice President and Chief Financial Officer of PPG effective August 1, 2013, when prior CFO David B. Navikas assumed responsibility as Senior Vice President, Strategic Planning and Corporate Development. Also, changes in the beginning of 2014 now have PPG Executive Vice President Michael H. McGarry overseeing the protective and marine coatings business in addition to the global architectural coatings businesses and flat glass business, the EMEA region, and the corporate information technology, environment, health and safety (EHS), and quality functions. Viktoras R. Sekmakas, also PPG Executive Vice President, continues to lead the fiber glass, industrial coatings and packaging coatings businesses, as well as the Asia-Pacific region and the purchasing and logistics function, and he has added responsibility for the company’s new specialty coatings and materials business (comprising the former optical products and silica products businesses).


3. The Sherwin-Williams Co.

Chairman/CEO: Christopher M. Connor   
Coatings Sales: Approx. $7.64 billion

The Sherwin-Williams Co. is engaged in the manufacture, distribution and sale of coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America. The company has four operating segments: Paint Stores Group, Consumer Group, Latin America Coatings Group and Global Finishes Group. Net sales for the Global Finishes Group increased 2.2% to $2.0 billion in 2013. Net sales for the Paint Stores Group increased 10.9% to $6.0 billion, and net sales for the Consumers Group increased 1.5% to $1.34 billion on 2013. Unfavorable currency exchange rates in 2013 again posed a challenge to revenue and profits for the company’s Latin America Coatings Group. Sales in U.S. dollars for the group declined $3.6 million to $832.5 million, while sales in local currencies grew 6.7%.

Sherwin-Williams reported total consolidated sales for 2013 of approximately $10.19 billion, a 6.8% increase over 2012. It is estimated that between 70 to 75% of sales, or about $7.64 billion, represents coatings sales, with the remainder being related products, including wallcoverings, floor coverings and application supplies.

In 2013, the company’s Paint Stores Group added 82 net new stores and, with the acquisition of Consorcio Comex’s U.S. and Canadian business, added another 306 stores to its retail base. In total, the company had 3,908 company-operated stores at the end of 2013. The company 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: 2013 Annual Report, company website, press releases  

Notes: In September of 2013, the company completed a portion of its Consorcio Comex deal, which was announced in 2012. In the transaction, the company acquired 306 company-owned paint stores in the United States and Canada. However, the company could not secure regulatory approval to acquire Comex operations in Mexico, and in April 2014, Sherwin-Williams announced that it had terminated the deal to buy the Mexico business. In 2013, the company acquired assets and technology of Australia-based Coating & Industrial Technologies Pty. Ltd. and completed its integration of Jiangsu Pulanna Coatings Co. Ltd. in China.


4. Axalta Coating Systems

Chairman/CEO: Charles W. Shaver
Coatings Sales: $4.3 billion

Axalta Coating Systems is a leading global supplier of coatings serving four main customer groups. Products for automotive OEMs and refinish body shops include global brands Standox®, Spies Hecker® and Cromax®. Products for commercial transportation and heavy-duty vehicle manufacturers include Imron® and Percotop®. General industrial customers are served by brands including Voltatex® electrical insulation products, Nap-Gard® FBE powder and other specialty coatings. Brands such as Alesta® and Abcite® serve customers in the architectural and decorative sector. The company operates 35 manufacturing centers, seven R&D facilities and, for refinish technicians, 42 training centers.

Parent Company: Privately held portfolio company of The Carlyle Group

Source: Axalta Coating Systems

Notes: Early in 2014 the company moved forward to expand waterborne production in three key markets. The company broke ground on a $50 million project in China, and announced its commitment to build a $60 million facility in Germany and complete the third leg of a $32 million expansion program at its operations center in Brazil.


5. BASF Coatings

Münster, Germany (global headquarters)
Southfield, MI (North American headquarters)
CEO/President: Markus Kamieth
Coatings Sales: Approx. $4.0 billion (Approx. €2.9 billion)

BASF Coatings is a division of BASF SE. BASF’s Coatings division develops, produces and markets automotive coatings, automotive refinishes and industrial coatings as well as decorative paints. The company operates sites in Europe, North America and South America as well as Asia Pacific. In 2013, the Coatings division achieved global sales of €2.9 billion.

Parent Company: BASF SE

Source: Company contact, press releases, company website

Notes:In June 2013, BASF opened a new Refinish Competence Center in Cesano Maderno, Italy. This new center strengthens BASF’s position in the industry with a focus on customer education. In July 2013, BASF announced that it was investing around €90 million to set up a world-scale production plant at the Shanghai Chemical Industry Park in Shanghai, China. The new plant will produce high-performance resins and electrocoat (e-coat). The start-up of the production line is planned for the second half of 2015. The plant will help to address the increasing demand for high-quality coatings solutions in growing industries, notably the automotive industry, in Asia-Pacific. In January 2014, BASF announced that it was investing around €7 million to expand and optimize the resin production at its Münster site. BASF was also honored with supplier awards from Tesla, Hyundai Motor Brazil and Ford Motor Co. in 2013.


6. The Valspar Corp.

CEO/Chairman: Gary E. Hendrickson   
Coatings Sales: $3.9 billion

Valspar experienced a total sales increase of approximately 2.1% in 2013 to $4.1 billion. The company operates its coatings-related businesses in two reportable segments: Paints and Coatings. Sales in the Coatings segment increased 2% in 2013 to $2.2 billion. Sales in the Paints segment increased 4% in 2013 to $1.7 billion, for total coatings sales of $3.9 billion. Valspar’s Paints segment includes consumer paint products in the United States, Australia and China, as well as auto refinish. Global brands in the Paints segment include Valspar, Huarun, Wattyl, Solver, Cabot, PlastiKote, Guardsman and Devine Color. Auto refinish brands include De Beer and House of Kolor (consumer paints) and Valspar, De Beer, House of Kolor and Octoral (auto refinish). The Coatings segment includes four product lines: packaging, general industrial, coil and wood coatings. Analyzed by region, North American accounted for 58% of sales for 2013, followed by Asia-Pacific (23%), Europe (13%) and Latin America (6%).

Source: 2013 Annual Report, company website  

Notes: In August 2013, the company completed its acquisition of Inver Holding S.r.l. (Inver Group), a leading industrial coatings manufacturer in Europe. Inver Group specializes in liquid and powder coatings and resin products used in industrial applications, including off-road equipment, auto and off-road parts, architectural aluminum windows, railways and trams. In January 2013, the company announced a long-term strategic supply relationship with Ace Hardware Corp. 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. The deal also included Valspar‘s acquisition of Ace Hardware’s paint manufacturing assets, including two manufacturing facilities located near Chicago.


7. Kansai Paint Co. Ltd.

Osaka, Japan  
President: Hiroshi Ishino
Coatings Sales: Approx. $3.13 billion for fiscal year ended March 31, 2013

Founded in 1918, Kansai Paint Co. Ltd. is the largest coatings manufacturer in Japan and Africa, with leading market positions in India, China and Southeast Asia. It also has operations in Europe, the Americas and the Middle East. Core business areas include automotive coatings, industrial coatings, decorative coatings, and marine and protective coatings. In the company’s 2013 annual report, it recorded an increase in net sales of approximately 8.3% compared to the previous year. Product sales in the automotive coatings business area accounted for 39% of sales. The industrial coatings business area accounted for 27% of sales, the decorative coatings business area accounted for 27% of sales, and the marine and protective coatings business area accounted for 7% of sales.

Source: Annual Report, press release  

Notes:In January 2013, the company announced a three-year partnership with Manchester United Football Club to be the club's first global paint partner.


8. Nippon Paint Co.

Osaka, Japan
President: Kenji Sakai
Coatings Sales: $3.03 billion

Since its inception in 1881, Nippon Paint has experienced over 125 years of growth and has become one of the world’s major automotive paint suppliers and the largest supplier of decorative paints. Nippon Paint produces coatings for the automotive market, the marine coatings market, as well as industrial products. It also makes paints for residential and commercial buildings and for the do-it-yourself market. Nippon Paint’s manufacturing operations are located principally in Asia, but the company also has facilities in North America and Europe. In the United States, it has two subsidiaries that manufacture and sell paints: NB Coatings (liquid automotive coatings for plastic) and NPA Coatings (automotive body coatings and powder coatings).

Source: Company contact


9. RPM International Inc.

Medina, OH
Chairman/CEO: Frank C. Sullivan
Coatings Sales: $2.8 billion for fiscal year ended May 31, 2013

RPM is a holding company with subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services 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, Flowcrete, Universal Sealants and Euco. RPM’s consumer products are used by professionals and do-it-yourselfers for home maintenance and improvement and by hobbyists. Consumer brands include Rust-Oleum, DAP, Zinsser, Varathane and Testors.

Subsidiaries: A/D Fire, Alteco Technik, API, Ascoat Contracting, Carboline, Chemtec Chemicals, Citadel Restoration and Repair, Dane Color, DAP, DAP Canada, Ecoloc, Euclid Admixture, Euclid Chemical, Eucomex, Expanko, FEMA, Fibergrate, Fibregrid, Flowcrete, Grupo P&V, HiChem, Hummervoll, Increte Systems, Kirker, Legend Brands, Mantrose-Haeuser, Martin Mathys, Modern Masters, New Parks, Paramount Technical, Productos Cave, Productos de DAP, Radiant Color, Republic Powdered Metals, RPM Building Solutions Group Europe, RPM/Belgium, Rust-Oleum, Rust-Oleum Argentina, Rust-Oleum Canada, Rust-Oleum Japan, Rust-Oleum Netherlands, Stonhard, Synta, Testor, Tor Coatings, Toxement, Tremco Barrier Solutions, Tremco illbruck, Tremco Inc., Universal Sealants, Vandex, Viapol, Watco, Weatherproofing Technologies, Wolman and Zinsser.

Parent Company: RPM International Inc.

Source: Company contact, 2013 Annual Report, press releases

Notes: Recent transactions include the acquisition of Expanko Inc., a producer of terrazzo, cork and rubber floor tiles in September 2013; and Citadel Restoration and Repair Inc., a producer of concrete and wood deck floor coatings sold under the Citadel and Rock Solid brands. RPM increased its cash dividend for the40th consecutive year on October 10, 2013. Craig Morford was appointed to the board in April 2013 to replace William Papenbrock who retired in October. Edward Moore was elected Senior Vice President, General Counsel, Chief Compliance Officer and Secretary in October 2013.


10. Asian Paints Ltd.

Mumbai, India
Managing Director/CEO: K.B.S. Anand
Coatings Sales: $2.12 billion for sales ended March 31, 2014

Founded in 1942, Asian Paints is India’s largest paint company and ranks among the top decorative coatings companies in the world. The company and its subsidiaries have operations in 17 countries across the world with 23 paint manufacturing facilities serving consumers in 65 countries. Subsidiaries include Berger International, SCIB Paints – Egypt, Asian Paints, Apco Coatings and Taubmans.

Source: 2013 Annual Report, company website

The PCI 25

Following is a ranking of the top 25 North American coatings manufacturers in 2013.


1. PPG Industries Inc.


Coatings Sales :Approx. $12.8 billion


2. The Sherwin-Williams Co.


Coatings Sales: Approx. $7.64 billion


3. Axalta Coating Systems


Coatings Sales: $4.3 billion


4. The Valspar Corp.


Coatings Sales: $3.9 billion


5. RPM International Inc.

Medina, OH 

Coatings Sales: $2.8 billion for fiscal year ended May 31, 2013


6. Behr Process Corp.

Santa Ana, CA 
CEO/President: Jeff Filley
Coatings Sales: Approx. $1.93 billion

Behr Process Corp. is part of Masco’s Decorative Architectural Products segment, which produces architectural coatings including paints, primers, specialty paint products, stains and waterproofing products. Products are sold under the BEHR® and KILZ® brands in the United States, Canada, China, Mexico and South America. They are sold to DIY and professional customers through paint stores, home centers and other retailers. In 2013, sales from that segment represented $1.93 billion, 23% of total net sales for the company. Behr is a leader in the DIY market, partnering with the The Home Depot to sell paints, decorative finishes, primers, stains and surface preparation products exclusively at The Home Depot. During 2013, Behr Process Corp. finished rolling out its products to Home Depot stores across Mexico.

Parent Company: Masco Corp.

Source: Masco Corp. SEC filing

Notes: In 2013, Behr introduced MARQUEE™ exterior paint with enhanced stain-blocking and fade-resistant properties, and PREMIUM DECKOVER®, a deck resurfacing product that conceals cracks and splinters in wood surfaces and helps to create a slip-resistant finish for decks.


7. Comex Group

Mexico City
CEO:Marcos Achar
Coatings Sales:$1.1 billion

The company manufactures and sells architectural and industrial coatings in Mexico through 3,600 points of sale operated by 750 concessionaires. In addition to architectural paints, Comex manufactures industrial coatings, roof coatings, wood-care products and aerosols.

Source: Company contact, press releases        

Notes: In 2013, Comex sold its U.S. and Canadian business to Sherwin-Williams.


8. Benjamin Moore & Co.

Montvale, NJ
CEO: Michael Searles
Coatings Sales: Not available

One of North America’s leading manufacturers of residential, commercial and industrial maintenance coatings, Benjamin Moore is committed to sustainable manufacturing practices and continues to develop the most eco-responsible formulations possible.

Parent Company: Berkshire Hathaway

Source: Company website, company contact

Notes: In April 2014, Benjamin Moore repeated its ranking for the fourth consecutive year as highest in customer satisfaction with interior paint in the J.D. Power and Associates Interior Paint Satisfaction StudySMr.


9. Ennis-Flint

Thomasville, NC
Chairman: Bryce Anderson
Coatings Sales: Approx. $500 million

Ennis-Flint is a premier manufacturer of pavement markings and traffic safety products. Ennis Paint merged with Flint Trading in March 2012 to form Ennis-Flint. Ennis Flint has 18 manufacturing facilities on four continents, as well as numerous sales offices around the world.

Source: Company contact


10. Kelly-Moore Paint Co., Inc.

San Carlos, CA
President/CEO: Steve DeVoe
Coatings Sales: Approx. $270 million

Kelly-Moore is one of the largest employee-owned paint companies in the United States. The company is known in the industry as the “Painter’s Paint Store” for its high-quality products, fair prices and exceptional customer service. Kelly-Moore operates over 145 company-owned stores in Arkansas, California, Idaho, Nevada, Oklahoma and Texas.

Source: Company contact, press releases, company website


11. Dunn-Edwards Corp.

Los Angeles, CA
President/CEO: Karl Altergott
Coatings Sales: Not available

Dunn-Edwards operates 116 stores in five western states: California, Arizona, New Mexico, Nevada and Texas. It is a manufacturer and supplier of architectural and industrial coatings, providing a line of paints and professional painting supplies.

The company caters to architects, designers, painting contractors, homebuilders and property managers in the Southwest. It also serves do-it-yourselfers, although professionals account for a majority of sales.

Source: Company website, press releases

Notes: Dunn-Edwards introduced EVEREST, a new line of interior, 100% acrylic, self-priming, zero-VOC paint. These new ultra-premium interior paints are ideal for use on high-end residential and commercial projects, schools, hospitals, hospitality or any application where self-priming, zero-VOC, and low-odor products are preferred. EVEREST is available in flat, velvet, eggshell and semi-gloss finishes, in a complete range of tint bases.


12/13. Quest Specialty Chemicals, Inc.

Charleston, SC
President/CEO: Doug Mattscheck
Coatings Sales: $260 million+

Quest Specialty Chemicals is funded through private equity by the Audax Group, located in Boston, MA, and Moelis Capital Partners, located in New York. The company acquires and builds specialty chemical companies in the coatings arena. It is organized into three operating divisions focusing on automotive refinish, industrial and construction coatings. The key product brands include: Matrix System automotive finishes; Raabe paints and coatings; Patriot industrial and Zolatone automotive, industrial and marine coatings; United Coatings and HydroStop roofing systems; Streetbond asphalt repair coatings; Prospray automotive refinishes; and US Chemical Body fillers, putties and accessory products.

Quest Construction Products offers a line of protective coatings for a wide range of architectural, industrial and roofing applications. Quest Automotive Products is an independent manufacturer and distributor of aftermarket automotive refinish paint products, marketing paints, primers, clearcoats, hardeners and solvents. In addition to automotive refinish paints, it also produces fillers, putties and accessory products. Quest Industrial Products manufactures custom-matched branded touchup paint and provides private-label aerosol and liquid paint filling services, as well as specialty industrial coatings.

Source: Company contact, company website


12/13. Cloverdale Paint Inc.

Surrey B.C., Canada
CEO: C.A. (Al) Mordy
Rodda Paint Co.
Portland, OR
COO: Bill Boone 
Coatings Sales: $260 million (combined)

Cloverdale Paint Inc. and its subsidiaries, Rodda Paint Co., Fargo Paint & Chemicals Inc., Guertin Coatings, Sealants & Polymers Ltd., and Serif Coatings & Chemical, operate through 121 corporate-owned locations covering western Canada as well as Washington, Oregon, Idaho, Montana and Alaska. The companies manufacture architectural paint, and industrial and marine coatings along with certain powder coatings, specialty resins and sealant products. Combined markets include sales to a wide variety of professional, commercial, residential, industrial, marine, private-label and DIY customers as well as a network supporting Cloverdale Paint and Rodda Paint independent dealers throughout the Pacific Northwest region.

Source: Company contact, company website


14. Nippon Paint U.S. Subsidiaries

Coatings Sales: $230 million (combined)
NB Coatings Inc.
Lansing, IL
CEO: Kristina Nelson

A subsidiary of Nippon Paint Co., NB Coatings is the leading supplier of liquid coatings for plastic automotive parts in North America. It provides a complete line of custom OEM coatings for automotive fascia, exterior trim, interior trim and lens applications. It supplies all major OEMs, from domestic (GM, Ford and Chrysler) to transplant (Honda, Toyota, Nissan and Hyundai), as well as their tiers.

NPA Coatings Inc.

CEO: Masato Kurokowa

NPA Coatings manufactures and sells automotive body coatings and pretreatment chemicals. It mainly serves the automotive and general industrial markets.

Source: Company contact


15. Whitford Corp.

Elverson, PA
President: David P. Willis, Jr.
Coatings Sales: $200+ million

Founded in 1969, Whitford Corp. has dedicated itself to fluoropolymer coatings for the industrial and consumer markets, later expanding to rubber, textiles, rope and cordage, and other markets. Whitford’s first international venture took place in 1971 with the opening of Whitford Plastics Ltd. in the north of England. Current products include: Xylan®, Xylac®, Dykor®, Xylar®, Ultralon®, Excalibur®, Eterna®, HALO®, Eclipse®, QuanTanium®, Quantum2®, Fusion®, PFA+ and others. Whitford has global manufacturing facilities, including sites in Brazil, Canada, Italy, the UK, India, China, Singapore, and Elverson, PA. With the acquisition of Polymeric Systems Inc. in mid-2004, its portfolio expanded to include a wide variety of adhesive and sealant products sold throughout the world to retail, consumer and industrial markets. In 2006, Whitford purchased Alpha, a leading manufacturer of specialty coatings for the automotive industry. In 2009, Whitford acquired Akzo Nobel Nonstick Coatings.

Source: Company webite, company contact


16. Vogel Paint, Inc.

Orange City, IA
712 737 8880
President/CEO: Drew F. Vogel
Coatings Sales: $165 million

Vogel Paint was established in 1926 as a manufacturer of barn paints and creamery maintenance enamels. It entered the liquid industrial coatings market in the 1950s, and in the 1970s began to build a fleet of company stores selling architectural paints and heavy-duty maintenance coatings. The company formed the Peridium powder coatings division in 1998, and built a new powder coatings production facility in 2003.

Today, the company operates over 65 company stores and 7 manufacturing plants and distribution centers in 13 states. It markets under the principal brand names of Diamond Vogel Paints, Old Masters Decorative Wood Finishes, Vogel Industrial Coatings, Peridium Powder Coatings, Axis Automotive Coatings and Van Sickle Paints.

Source: Company contact

Notes: The company completed an addition to its Peridium Powder Coatings plant in mid-2013. It also acquired expanded facilities for its Fasse Paint Division in Wisconsin and expects the expanded facilities to be fully occupied by late spring of this year.


17. Yenkin-Majestic Paint Corp.

Columbus, OH
President: Jonathan M. Petuchowski
COO: Andrew O. Smith
Coatings Sales: $140 million

Yenkin-Majestic is a vertically integrated manufacturer of coatings and resins. Its full line of architectural paints includes interior and exterior products and a variety of specialties, including a complete farm program, low-VOC oil-based floor paints and a unique acrylic enamel line (Diamond Hard). Its industrial division manufactures waterborne and solventborne products, including urethanes, epoxies and polyesters. Its OPC Polymers operations serve the United States, Canada and other markets, with expansion by the acquisition of SI Group-Canada Ltd. and the addition of new co-polymers. Product categories include alkyds, oil-modified urethanes, monomer-modified combinations, high solids, water reducibles, alkyd dispersions and emulsions, epoxy esters, and VOC-compliant vehicles.

Source: Company contact 


18. Tnemec Co., Inc.

Kansas City, MO
CEO/President: Peter Cortelyou
Coating Sales: $125 million

Tnemec Co. manufactures more than 100 architectural and industrial coatings, from premium epoxies and polyurethanes to specialized fluoropolymer products, formulated specifically for extreme durability, enduring performance and enhanced aesthetics. Tnemec is a leading supplier of high-performance coatings for water tanks, treatment plants and industrial facilities. Tnemec’s StrataShield brand consists of resinous floor and wall coatings. The company’s Chemprobe division offers water-repellant and stain products for concrete, masonry and wood.

Source: Company contact



St. Louis, MO
CEO/President: Susan W. Graham
Coatings Sales: $100 million

ELANTAS PDG Inc. is a premier supplier of specialty polymers for the electrical and electronic industries. The key products of ELANTAS PDG include magnet wire enamel, insulating varnishes and encapsulating resins. It also produces tubing and sleeving varnishes, electrical insulating film, pultrusion resins, laminating resins, adhesives, and conformal coatings.

Parent Company: ALTANA, AG, of Germany

Source: Company website, press releases, company contact


20. California Products Corp.

Andover, MA
Chairman/CEO: Peter Longo
COO/CFO: Steven McMenamin
Coatings Sales: $96 million

California Paints manufactures coatings for architectural, consumers and contractors under the brand names California Paints and California Performance Coatings. California Products Corp. produces interior and exterior architectural paints, and light industrial and recreational surface coatings.

Source: Company contact, website

Notes: In 2013, California Products Corp. acquired the assets of Rebound Ace, adding to it already prominent position in recreational surfaces and coatings. In 2012, California Products Corp. launched Storm System, a new division of exterior stains and finishes.

In August 2009, California Products Corp. acquired the customer base and certain assets of Progress Paint Manufacturing Co. The acquisition included certain Progress Paint brands and product lines including Gray Seal®, Fixall®, Duralux® Marine and other associated lines.


21. Vista Paints 

Fullerton, CA 
CEO/President: Eddie Fischer 
Coatings Sales: $90-110 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 company-owned stores throughout California and Nevada. 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 


22. Hentzen Coatings Inc.

Milwaukee, WI
CEO/President: Albert Hentzen
Coatings Sales: $90-$100 million

Hentzen Coatings, founded in 1923, is a developer of advanced-technology coatings for the industrial OEM, aerospace and military markets. The company markets a wide range of industrial coatings, including waterborne, solvent-reducible and powder coatings.

Source: Company contact

Notes: In October 2013, the company announced the founding of Hentzen de Mexico, based in Queretaro, Mexico. Hentzen will distribute liquid and powder coatings for the industrial coatings market from its new warehouse in Mexico.


23. True Value Company

President/CEO: John R. Hartmann
Coatings Sales: Approx. $80 million

True Value Co. manufactures exclusive paint brands for its retail identities and third-party accounts. Paint is manufactured under the EasyCare and Weatherall brands in Cary, IL, and distributed nationally to its core hardware stores.

True Value Co., headquartered in Chicago, is one of the world’s largest retailer-owned hardware cooperatives with gross billings of $1.9 billion and revenue of $1.4 billion in 2012. The True Value cooperative includes approximately 4,500 independent retailer locations worldwide operating under the store identities of True Value, Grand Rental Station, Taylor Rental, Party Central, Home & Garden Showplace and Induserve Supply.

Source: True Value Corporate Communications Department


24. TIGER Drylac U.S.A., Inc.

St. Charles, IL
CEO: Larry McNeely
Coatings Sales: $57.3 million

TIGER Drylac‘s USA operations were established in 1984. Today, the company ships from six strategic distribution centers and employs 239 people. The company’s North American production network includes two facilities in the United States, located in California and Illinois.

Source: Company contact


25. Gemini Industries

El Reno, OK
CEO/President: David Warren
Coatings Sales: $55 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 cabinet makers, 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 that provide nationwide service.

Parent Company: Gemini Industries

Source: Company contact


Honorable Mentions:

Suncoatings Inc.

Tampa, FL
President: Michael Hyer
Coatings Sales: $41 million

Suncoatings is a family owned company that has produced an array of architectural and light industrial coatings since 1971. Headquartered in Tampa, FL, the company’s products are distributed nationally and globally through private-label partners, a vast network of dealers, and direct to contractors and the public through its sister company’s own chain of retail stores, Sun Paints and Coatings.

Suncoatings operates three plants nationally and prides itself on being on the forefront of coatings technology by investing heavily in R&D. Sun’s architectural products range from floor to roof coatings, and everything in between.

Source: Company contact, company website


Farrell-Calhoun Inc.

Memphis, TN
President: John A. Ward Jr.
VP Sales and Marketing: Anthony Ward
Coatings Sales: $35.2 million

Farrell-Calhoun manufactures architectural and industrial-maintenance coatings. The company has distribution throughout the Mid-South and Southeast through 35 company-owned stores and a network of 100 dealers.

Source: Company contact


The Muralo Co. Inc.

Bayonne, NJ
President: James S. Norton
Coatings Sales: $15 million

Muralo manufactures a 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


FORTECH Products Inc.

Brighton, MI
President: Creighton E. Forester
Coating Sales: Approx. $12 million

Founded by Creighton E. Forester in 1994, FORTECH Products Inc. is a developer and manufacturer of various OEM-approved high-heat, corrosion-resistant, chip-resistant water-based coatings for the automotive, agricultural, recreational-vehicle and allied industries. The company has grown through acquisitions and new-product development. Coating products include TechKote WA 2935 and TechKote WA 2951 (first, second and third generation), water-based, high heat, corrosion-resistant coating; WA 2975 water-based chip-resistant coating; and TechKote WE 2000, a water-based, heat-resistant protective epoxy coating.

This year, the company announced the release of TechKote WA 2975 coatings, featuring a water-based, lightweight, easy-to-apply chip-resistant coating for automotive wheel wells and underbody components. Currently WA 2975 has GM and Ford approvals and is pending approvals with VW and Fiat-Chrysler. TechKote is currently being manufactured in Fortech’s Brighton, MI, facility but will also be manufacture in its Sao Paulo, Brazil and Mexico operations in mid-to-late 2015.

Source: Company contact