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FTC Gives Nod to Valspar’s Acquisition by Sherwin-Williams

Published on 2017-08-02. Author : SpecialChem

The Federal Trade Commission has approved a final order resolving concerns that the acquisition of the Valspar Corporation by The Sherwin-Williams Company would likely allow the new company to exercise unilateral market power in the North American market for industrial wood coatings, following a public comment period.

Federal Trade Commission
Federal Trade Commission

Industrial Wood Coatings

As announced in May 2017, the order requires Sherwin-Williams to divest two Valspar industrial wood coatings plants – one in High Point, North Carolina and the other in Cornwall, Ontario – to Axalta Coating Systems Ltd.

Axalta will also acquire certain Valspar research and development facilities, warehouses and testing facilities, as well as customer contracts, intellectual property, inventory, accounts receivable, government licenses and permits and business records.

Approval for Acquisition

The Commission vote approving the final order was 2-0. (FTC File No. 161 0116; the staff contact is James Abell, Bureau of Competition, 202-326-2289.)

The Federal Trade Commission works to promote competition, and protect and educate consumers.

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Source: Federal Trade Commission
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