Sherwin-Williams Gets FTC Approval for Valspar Acquisition

May 30, 2017  by Larry Thomas in Business Strategy, Industry   

The companies said the deal should be closed on Thursday, subject to customary closing conditions.

The acquisition was announced in March 2016, but had been held up by concerns raised by the FTC and is Canadian counterpart. Because of those regulatory issues, Valspar last month agreed to sell its North American industrial wood coatings business to Axalta Coating Systems for about $420 million.

The industrial wood coatings business is a major supplier of coatings and finishes for furniture, cabinets, flooring and other building products.