MINNEAPOLIS--(BUSINESS WIRE)--The Valspar Corporation (NYSE: VAL) announced today that it has completed the purchase of Madison Chemical Industries, Inc., a coatings manufacturer headquartered in Ontario, Canada. Madison was founded in 1975 and has developed a global reputation for its technically-advanced products used for critical infrastructures such as water transmission pipelines, water and wastewater management, and potable water storage.
“We are pleased to welcome the Madison team to Valspar,” said Gary Hendrickson, Valspar’s chairman and chief executive officer. “Combining Valspar's existing pipe coating products, global manufacturing and technical resources with Madison’s extensive experience and qualifications in the water infrastructure market provides our customers with a broader array of proven solutions. Bringing four decades of breakthroughs and market leadership into Valspar’s technology portfolio is a big win for our customers.”
Financial terms of the transaction were not disclosed.
The Valspar Corporation (NYSE: VAL) is a global leader in the paint and coatings industry with over 10,000 employees in more than 25 countries. Since 1806, Valspar has been dedicated to bringing customers the latest innovations, the finest quality and the best customer service in the coatings industry. For more information, visit www.valsparglobal.com.