Valspar Completes Acquisition of Inver Group

MINNEAPOLIS - The Valspar Corp., a leading manufacturer of paints and coatings, has completed the previously announced acquisition of Inver Holding S.r.l. (Inver Group), an industrial coatings manufacturer in Europe. With 2012 sales of approximately €160 million ($200 million), Inver Group specializes in liquid and powder coatings and resin products that are used in a variety of industrial applications including off-road equipment, auto and off-road parts, architectural aluminum windows, railways, and trams.

Gary Hendrickson, Valspar's Chairman and Chief Executive Officer, announced that Giovanni Domenichini, Inver's CEO, will lead Valspar's combined industrial business in Europe.