IHS Chemical Week

Markets :: Specialty Chemicals :: Paints and Coatings

Valspar to acquire industrial coatings business in Europe

8:59 AM MDT | June 4, 2013 | Vincent Valk

Valspar has announced that it plans to acquire Inver Holding (Bologna, Italy), a maker of liquid and powder coatings and resins for off-road equipment, windows, railways and trams, for an undisclosed sum. Inver recorded €160 million ($200 million) in sales during 2012. The deal is expected to close during the fourth quarter of this year.   “The acquisition of Inver Group significantly strengthens our position in the large and attractive European coatings market and provides operational synergies with our existing operations,” says Valspar...

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