Axalta Buys Valspar’s Wood Coatings Business for Fair Price; Maintaining FVEs
Axalta announced on April 12, 2017, that it is purchasing Valspar’s North American Wood Coatings business for $420 million in cash. As part of Sherwin-Williams' proposed acquisition of Valspar (targeted to close by June 2017), Valspar is divesting this business in order to receive approvals from the Federal Trade Commission and Canadian Competition Bureau. While this sale is contingent on Sherwin-Williams’ acquisition of Valspar, this divestiture indicates a high likelihood of consummation for S...
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