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Multinational: Paint co gets M&A attention with housing rebound

By  |  February 9, 2014

A global housing market rebound is fueling speculation that paint giant Valspar could be ripe for a merger, say reports, as the world’s paint industry remains fragmented.

According to experts, a Valspar acquisition would give an edge to larger rivals Sherwin-Williams or PPG Industries to increase its presence in the US and elsewhere; reports say Australia could also benefit from a Valspar deal as its housing industry is similarly bouncing back from financial struggles.

Northcoast Research Holdings reportedly predicted hikes in paint sales as interest rates remain low but house costs slowly rise. Reports say Valspar is boosting its sales in the next three years faster than 91 percent of the rest of the specialty chemicals industry,.

Valspar declined to comment on the matter.

Full Content: Bloomberg

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