PPG’s global coatings business includes paints, coatings and specialty materials for the aerospace, architectural, automotive OEM, automotive refinish, industrial, packaging, and protective and marine markets, along with coatings services. The company serves customers in markets and aftermarkets for transportation, industrial, consumer products and construction.

Full-year 2017 reported net sales from continuing operations were approximately $14.8 billion, or $5.87 per diluted share, up more than 3% versus the prior year. The company’s 2017 full-year reported net income from continuing operations was $1.4 billion, or $5.46 per diluted share. Of this total, the company’s Performance Coatings segment (aerospace, architectural coatings – Americas and Asia Pacific; architectural coatings – EMEA (Europe, Middle East and Africa); automotive refinish, and protective and marine coatings businesses) comprised 59% of net sales, and its Industrial Coatings segment (automotive OEM coatings, coatings services, industrial coatings, packaging coatings, and specialty coatings and materials businesses) comprised 41% of net sales.

PPG completed its multiyear strategic transformation by divesting its North American fiberglass business, its last remaining noncore business. PPG is nearly entirely focused on innovating paints, coatings and specialty materials. The company expanded its coatings portfolio with acquisitions including DEUTEK S.A., The Crown Group and ProCoatings. PPG committed to deploy a minimum of $2.4 billion of cash in 2018 on acquisitions and share repurchases as part of a previously communicated target to deploy $3.5 billion in 2017 and 2018 combined. As part of its community engagement focus, PPG and the PPG Foundation invested more than $10.5 million in 2017 to support hundreds of community organizations across 29 countries.

To continue driving organic growth, the company invested to expand and upgrade operations in locations such as Wuhu, China; Oak Creek, Wisconsin; Lipetsk, Russia; Dahej, India; Pilar, Argentina; Barberton, Ohio; and Saint-Just-en-Chaussée, France.

Source: Company contact and 2017 Annual Report

Founded by Henry Sherwin and Edward Williams in 1866, The Sherwin-Williams Co. is a global leader in coatings and related products. Selling to professional, industrial, commercial and retail customers, Sherwin-Williams-branded products are sold in over 5,100 paint stores in the United States, Canada and the Caribbean. Other brands are sold through mass merchandisers, home centers, hardware stores, independent retailers, automotive retailers and industrial distributors.

After its acquisition of Valspar in 2017, the company organized into three operating segments: The Americas Group, the Consumer Brands Group and the Performance Coatings Group. The Americas Group operates the Sherwin-Williams-branded coatings and supplies in the United States and the Caribbean. The group also manufactures and sells architectural and industrial coatings in Latin America. The Consumer Brands Group sells the company’s branded and private-label products through retailers in North America, Europe, Australia, New Zealand and China. The Performance Coatings Group sells coatings and finishes to customers in the general industrial, industrial wood, protective and marine, coil, packaging, and automotive coatings market. This group operates in over 110 countries.

Sherwin-Williams reported total consolidated sales for 2017 of approximately $14.98 billion, which includes Valspar sales since June 1, 2017. It is estimated that approximately 80% of sales, or about $11.82 billion, represents coatings sales, with the remainder being related products, including wallcoverings, floor coverings and application supplies. The Americas Group reported net sales of $9.12 billion for 2017, which represents an increase of 8.8% compared to 2016. This accounts for 60.9% of 2017 total sales. Comparable store sales, sales of stores open more than 12 months, increased 6.3% during 2017. The Consumer Brands Group posted net sales of $2.15 billion in 2017, an increase of 41.1% compared to 2016. This accounts for 14.4% of 2017 total sales. The Performance Coatings Group reported net sales in 2017 of $3.71 billion, an increase of 90.4% compared to 2016. Performance Coatings Group sales represent 24.7% of total sales for 2017. Sales increases for The Performance Coatings Group and the Consumer Brands Group reflect the impact of the Valspar profit.

Major brands sold by Sherwin-Williams include: Sherwin-Williams^®, Valspar^®, Dutch Boy^®, HGTV HOME^® by Sherwin-Williams, Krylon^®, Minwax^®, Cabot^® and Thompson’s^® Water Seal^®.

Source: 2017 Annual Report, company website, press releases 

Notes: On June 1, 2017, Sherwin-Williams completed its acquisition of The Valspar Corp. in a deal valued at approximately $11.3 billion.

A global leader in the manufacture of paints and coatings, AkzoNobel has operations in more than 150 countries and employs 35,700 people around the world.

The company is organized into three business units: Decorative Paints, Performance Coatings and Specialty Chemicals. The company is currently in the process of selling its Specialty Chemicals business to The Carlyle Group and GIC for an enterprise value of approximately €10.1 billion. Completion of the deal is expected before the end of 2018.

Within paints and coatings, Decorative Paints represented 40% of sales in 2017, and Performance Coatings represented 60%. Main business operations within the Decorative Paints business unit include: Decorative Paints Europe, Middle East and Africa; Decorative Paints Asia; and Decorative Paints Latin America. Brands for this business unit include Coral, Dulux, Flexa, Hammerite, Sadolin and Sikkens. Main business operations within the Performance Coatings business unit include Automotive and Specialty Coatings, Marine and Protective Coatings, and Industrial and Powder Coatings. Brands include Awlgrip, International, Interpon and Sikkens.

In terms of regional sales, North America accounted for 12% of sales in 2017, Mature Europe accounted for 33%, Emerging Europe accounted for 9%, Asia-Pacific accounted for 32%, Latin America accounted for 9%, and other regions made up 5% of sales.

Source: AkzoNobel 2017 Annual Report, press releases

Notes: AkzoNobel completed a $3.5 million expansion of its U.S. research and development facilities in Houston in June 2017. The facility supports its Protective Coatings, Marine Coatings and Specialty Coatings businesses.

The company opened a number of new plants in 2017 and the first half of 2018. In response to current and expected production needs for Thailand and Southeast Asia, the company opened a new Performance Coatings production facility in Chonburi, Thailand. It also opened what the company described as the world’s most advanced and sustainable paint plant in Ashington, UK, in September. The facility cost more than €100 million to build and represents the largest ever global investment by the company’s Decorative Paints business. The plant will be the new center of production for Dulux, the UK’s leading decorative paint brand. Other new production facilities include a new powder coatings plant in Changzhou, China, which will supply an extensive range of Interpon and Resicoat products, and a new €9 million facility for the production of powder coatings in India.

The company made a number of acquisitions in 2017, including the purchase of UK-based Flexcrete Technologies Ltd., a manufacturer of products used to protect and repair concrete substrates, and Disa Technology, Limoges, France, a leader in aerospace technical marking systems. In November 2017, AkzoNobel announced the acquisition of V.Powdertech Co. Ltd., a leading Thai manufacturer of powder coatings.

In March of this year, AkzoNobel announced the sale of its Specialty Chemicals business to The Carlyle Group and GIC for an enterprise value of €10.1 billion. Part of the company’s restructuring plan, the sale focuses AkzoNobel’s business on paints and coatings.

The first paint manufacturer in Japan, Nippon Paint is one of the world’s major automotive and decorative paint suppliers. In operation since 1881, the company produces coatings for the automotive and marine markets, as well as for industrial products. It also makes paints for residential and commercial buildings, and for the DIY market. While the majority of sales comes from paint, Nippon also has a small section that sells fine chemicals and surface treatment products. This segment accounts for approximately 4% of sales.

Within the paint business, the company’s trade-use paints and house paints accounts for 46% of total sales, with major sales regions primarily in Asia. Automotive coatings account for approximately 27% of sales, with sales in North and South America, Europe, Northern Africa, and Asia. Approximately 13% of sales are in industrial coatings, with Asia being the primary region. Marine coatings and automotive refinish coatings account for approximately 10% of sales, with Europe and Asia being major sales regions. While most of the company’s production facilities are located in Asia, there are also multiple facilities in Europe, North America and South America.

In the United States, the company has three subsidiaries under holding company Nippon Paint (USA) that manufacture and sell coatings: NB Coatings (market leader for coatings for plastic automotive components), NPA Coatings (automotive pretreatment and body coatings) and Dunn-Edwards Corp., (manufacturer of architectural and industrial coatings).

Source: Annual Report, Integrated Report 2017

Notes: Nippon announced partnerships in Myanmar and the Czech Republic in 2017. In April, Nippon Paint Holdings announced that Nippon Paint (Singapore), a joint venture of Nipsea Pte and Nippon Paint Holdings, established Nippon Paint (Myanmar) Service, a sales company, creating a foundation in the Myanmar markets. In February, Nippon Paint Automotive Coatings Co. Ltd. established a subsidiary, Nippon Paint Automotive Coatings (Czech) s.r.o., in the Czech Republic, aiming to expand automotive coatings business as well as strengthen the company’s presence in the European market.

RPM owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services across three segments. RPM’s industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and other construction chemicals. Industrial companies include Stonhard, Tremco, illbruck, Carboline, Flowcrete, Euclid Chemical and RPM Belgium Vandex. RPM’s consumer products are used by professionals and do-it-yourselfers for home maintenance and improvement and by hobbyists. Consumer brands include Rust-Oleum, DAP, Zinsser, Varathane and Testors. RPM’s specialty products include industrial cleaners, colorants, exterior finishes, specialty OEM coatings, edible coatings, restoration services equipment, and specialty glazes for the pharmaceutical and food industries. Specialty segment companies include Day-Glo, Dryvit, RPM Wood Finishes, Mantrose-Haeuser, Legend Brands, Kop-Coat and TCI. Subsidiaries: A/D Fire, Adhere Industrial Tapes, Alteco Technik, API, Applied Polymerics, Arnette Polymers, Ascoat Contracting, Betumat, Carboline, Chemtec Chemicals, Citadel Restoration and Repair, Dane Color, DAP, DAP Canada, Day-Glo, Dryvit, Duram Industries, Ekspan Holdings, Euclid Chemical, Eucomex, Expanko, Fibergrate, Fibregrid, Flowcrete, Grupo P&V, HiChem, Hummervoll, Increte Systems, Key Resin, Kirker, Kop-Coat, Krud Kutter, Legend Brands, Mantrose-Haeuser, Martin Mathys, Modern Masters, Miracle Sealants, New Parks, Paramount Technical, Pettit, Prime Resins, Prochem, Productos Cave, Productos de DAP, Radiant Color, Republic Powdered Metals, RPM Belgium Vandex, RPM Wood Finishes Group, Rust-Oleum, Rust-Oleum Argentina, Rust-Oleum Canada, Rust-Oleum Japan, Rust-Oleum Netherlands, Specialty Polymer Coatings, Spraymate, SPS Group, Stonhard, TCI, Testors, Tor Coatings, Touch ‘n Foam, Toxement, Tremco Barrier Solutions, Tremco illbruck, Tremco Inc., Universal Sealants, ValvTect, Vandex, Viapol, Watco, Weatherproofing Technologies, Whink Products, Wolman and Zinsser.

Parent Company: RPM International Inc.

Source: Company contact, 2017 Annual Report, press releases

Notes: Recent transactions include the acquisitions of Key Resins, a manufacturer of polymer flooring and coating systems; Ekspan Holdings, a provider of movement control products and services for bridges; Whink Products, a specialty cleaners manufacturer and marketer that is the market share leader in the rust stain removal segment; and Miracle Sealants, a manufacturer of sealers, cleaners, polishes and related products primarily for tile and natural stone. RPM increased its cash dividend for the 44^th consecutive year in October 2017.

Axalta Coating Systems is a leading global supplier of transportation and performance coatings serving four main sectors.

Light vehicle OEMs rely on Axalta’s Harmonized Coating Technologies™ including its Eco-Concept, 3-Wet and 2-Wet Monocoat coating systems, and the latest coating formulations such as the company’s Vermeera™ high-chroma technology.

With the Imron^® portfolio, Excel^® Pro, Rival^® and other coating brands, Axalta provides coatings to heavy duty truck, bus, rail and other commercial vehicle OEMs around the globe.

Refinish customers rely on the company’s premium flagship global brands, Cromax^®, Spies Hecker^® and Standox^®, as well as mainstream products such as Syrox^®, Challenger^®, Nason^®, Imlar^® and Duxone^® sold in a number of countries.

Axalta serves a wide variety of industrial customers with multiple leading brands including AquaEC™ electrocoat products, Alesta^® and Abcite^® powder coatings for architectural and other applications, Nap-Gard^® powder coatings for oil and gas pipelines, and Energy Solutions coatings including Voltatex^® electrical insulation coatings.

Axalta operates 51 manufacturing centers on six continents, four major R&D facilities and 47 Customer Learning and Development centers for refinish technicians.

Source: Axalta Coating Systems

Notes: Axalta Coating Systems will open its new Global Innovation Center at The Navy Yard in Philadelphia in 2018, which will serve as the hub of the company’s R&D network. This year, the company also expanded production facilities and a color development center at its manufacturing center in Savli, Gujarat State, India. The new plant will double Axalta’s coating manufacturing capacity to meet the growing demand for coatings in light vehicles, commercial vehicles and industrial segments. In 2017, Axalta opened the Asia-Pacific Technology center in Shanghai to support product development and customer service across the region. Axalta has also announced the construction of a new 10,200-square-meter Australian headquarters in Marsden Park, in western Sydney. The facility will house corporate offices, a state-of-the-art training facility, and a warehouse and distribution center for up to 50 employees.

In product news, the company recently launched Cromax^® EZ in North America, a premium-quality paint that is designed to deliver better coverage and speed than competitive waterborne systems. It is available to body shops that want to make a seamless transition from a solventborne application process to a waterborne system with minimal training. In Asia-Pacific, Axalta introduced the Syrox^® refinish system, which is priced for the mainstream market. This system includes a waterborne basecoat and offers exceptional color matching.

BASF Coatings is a division of BASF SE. The Coatings division of BASF is a global expert in the development, production and marketing of automotive OEM and refinish coatings, decorative paints, and applied surface treatments for metal, plastic and glass substrates in a wide range of industries. The portfolio is completed by the “Innovation Beyond Paint” program that aims at developing new markets and businesses. BASF shares skills, knowledge and resources of interdisciplinary and global teams for the benefit of customers by operating a collaborative network of sites in Europe, North America, South America and Asia-Pacific. In 2017, the Coatings division achieved global sales of about €3.97 billion.

Parent Company: BASF SE

Source: Company contact, press releases, company website

Notes: In December 2017, BASF’s Coatings division inaugurated a new automotive coatings plant at the Shanghai Chemical Industry Park in Caojing, Shanghai, China. The €140 million project is an extension of the existing automotive coatings plant, a joint venture between BASF and Shanghai Huayi Fine Chemical Co. Ltd. This expansion will further enhance the company’s local production and better serve the growing automotive market in China and Asia Pacific.

In December 2017, BASF’s Coatings division inaugurated a new automotive coatings plant at its Bangpoo manufacturing site, Samutprakarn province, Thailand. The new plant is the first BASF automotive coatings manufacturing facility in ASEAN, and will produce solventborne and waterborne automotive coatings to meet growing market demand in the region.

BASF scored a double win for functional coatings technology at the International Motor Show (IAA) in 2017. At the Automotive Brand Contest 2017 international design competition, BASF’s Coatings division’s functional coatings technology for passive temperature management was honored in the Innovation of the Year and Concepts categories. The specific paint system is based on a UV-permeable basecoat and UV-reflecting primer. In this combination, the paint reduces the temperature on hot summer days on the vehicle surface by up to 20 °C, which results in less heating of the interior. The need to run the air conditioner to minimize the heat in the car is thus reduced. This both enhances comfort and reduces fuel consumption or extends the range of electric vehicles.

Celebrating its 100^th anniversary in 2018, Kansai Paint Co. Ltd. is one of the largest coatings manufacturers in Japan and Africa. The company also holds leading market positions in India, China and Southeast Asia. Kansai Paint Co. Ltd. also has operations in Europe, the Americas and the Middle East. The company has approximately 14,828 employees.

Core business areas of Kansai Paint Co. Ltd. include automotive coatings, industrial coatings, decorative coatings, and marine and protective coatings. For the fiscal year ended March 31, 2018, the company reported net income of 401,977 million yen, an increase of 21.7% (330,235 yen) compared to the fiscal year that ended March 31, 2017. In Japan, the company saw net sales increase by 2.7%, due in part to an increase in automotive coatings and robust sales for construction machinery. Economic growth contributed to an increase of sales for the company in India of 11.7%, and car production in China and growth in paints for construction contributed to growth in sales in that region of 11.8%.

In the company’s annual report, published in August 2017, it reported that sales in the Automotive Coatings business accounted for 38% of sales. The Industrial Coatings business accounted for 25% of sales, the Decorative Coatings business accounted for 26% of sales, and the Marine and Protective Coatings business accounted for 6% of sales.

Source: Annual Report, press releases 

Notes: In April of this year, Kansai Paint group announced that is received approval from the Environmental Protection Agency for its Kansai Anti-Mosquito Paint. The paint is designed for interior use and contains a synthetic pyrethroid insecticide. It has been shown to significantly reduce the presence of mosquitoes in painted areas, reducing the spread of many mosquito-borne diseases. The company began development of the paint in 2013, and in addition to the United States, the paint is approved in Uganda and Zambia.

Founded in 1942, Asian Paints was set up as a partnership between four friends. The company is now India’s leading paint company and ranked among the top decorative coatings companies in the world. It manufactures a range of decorative and industrial coatings. In decorative coatings, the company operates in four segments: Interior Wall Finishes, Exterior Wall Finishes, Enamels and Wood Finishes. In the industrial sector, the company operates through PPG Asian Paints Pvt. Ltd. (a 50:50 joint venture with PPG), which serves the Indian automotive coatings market. The company has another joint venture with PPG, Asian Paints PPG Pvt. Ltd., which serves the Indian protective coatings, powder coatings, floor coatings and road markings markets. The company and its subsidiaries have operations in 19 countries across the world with 26 paint manufacturing facilities serving consumers in 65 countries. Subsidiaries include Berger International, SCIB Paints – Egypt, Asian Paints, Apco Coatings, and Taubmans and Kadisco.

Source: 2017-18 Annual Report, company website

Started more than 90 years ago, Jotun is a leading paint, coatings and powder coatings manufacturer. A global company, Jotun operates in four business segments: Decorative Paints (41% of sales in 2017), Marine Coatings (25% of sales in 2017), Protective Coatings (24% of sales in 2017) and Powder Coatings (10% of sales in 2017). Jotun Decorative supplies coatings for commercial buildings, public buildings and homes, serving both the professional and DIY customer directly and through a network of Jotun Mulitcolor centers. A leader in marine coatings for the new-build, dry-dock and sea-stock markets, the Marine Coatings business segment also provides coatings for mega-yachts and leisure yachts. The Protective Coatings business segment sells coatings to industries in the offshore, energy, infrastructure and hydrocarbon processing industries. Jotun Powder Coatings is a leading supplier to manufacturers of appliances, furniture, building components, pipelines and general industries. The company has approximately 9,789 employees, 64 companies in 45 countries, and 40 production facilities in 24 countries. It is represented in over 100 countries around the world.

Source: 2017 Annual Report, company website

Notes: The company invested approximately 6% of revenue in 2017, with the largest investments being new production facilities in Malaysia, Myanmar and the Philippines, and the company’s new headquarters and R&D Center in Norway.

Behr Process Corp. is part of the Decorative Architectural Products segment of Masco Corp. Behr produces architectural coatings, including paints, primers, stains and waterproofing products. Products are sold in North America, South America and China under the BEHR^®, BEHR PRO^® and KILZ^® brands. They are sold to DIY and professional customers through paint stores, home centers and other retailers. Behr is a leader in the DIY market, partnering with The Home Depot to sell paints, decorative finishes, primers, stains and surface-preparation products. The Home Depot is Behr’s largest customer. In 2017, sales from that segment represented $1.91 billion, which is 25% of the 2017 total net sales for Masco of $7.64 billion.

Parent Company: Masco Corp.

Source: Masco Corp. SEC filing

Owned by Warren Buffett’s Berkshire Hathaway, Benjamin Moore is a leading manufacturer of premium-quality residential and commercial coatings. Founded in 1883, the company maintains a commitment to innovation and sustainable manufacturing practices.

The Benjamin Moore portfolio spans the brand’s flagship paint lines including Aura^®, Regal^® Select, Natura^® and ben^®. Benjamin Moore is known for its expansive color portfolio, offering consumers and designers more than 3,500 colors. Benjamin Moore paints are available exclusively from its more than 5,000 locally owned and operated paint and decorating retailers.

Parent Company: Berkshire Hathaway

Source: Company website, press releases

Notes: In September 2017, the company introduced Notable™ Dry Erase Paint - a premium dry erase coating that can transform almost any surface into a dry erase board. Notable is made with a two-component, user-friendly formula.

Ennis-Flint is the worldwide leader in the traffic safety solutions industry, providing a comprehensive offering of pavement marking solutions. The company’s wide range of products are utilized on roads and highways, taxiways, runways, parking lots, and in commercial, contractor, governmental, industrial, airport and architectural settings. Ennis-Flint has manufacturing facilities located in the United States, Canada, Argentina, UK, Italy, Australia and Malaysia.

Source: Company contact, press releases

Notes: In June 2016, Olympus Partners, a Stamford, Connecticut-based private equity firm, acquired a majority interest in Ennis-Flint. Brazos Private Equity Partners, a Dallas-based firm, will no longer be a shareholder in the company.

In April 2018, Ennis-Flint Inc. announced the acquisition of the materials manufacturing business of VERNISOL SPA. The acquisition includes the Italian manufacturing facilities in Spinadesco and Turin.

An energy services company, Shawcor Ltd. provides products and services for the pipeline and pipe services segment of the oil and gas industry, as well as related products for the petrochemical and industrial markets. The company’s Pipeline Performance group, which accounted for 88% of consolidated revenue in 2017, provides field-applied coating systems, factory-applied coating systems and logistics solutions. This segment includes the Bredero Shaw, Canusa-CPS, Shaw Pipeline Services, Flexpipe Systems, Guardian and Desert NDT divisions. Houston-based Bredero Shaw, ShawCor’s largest division, provides pipe coating solutions and employs over 4,000 permanent and contract personnel located at offices and facilities in 15 countries. The division provides specialized coating systems and related services for corrosion protection, insulation and weight coating applications on land, and marine pipeline including highly engineered corrosion and insulation systems for deep-water applications.

In 2017, the company reported total revenue of $1.57 billion Canadian dollars, of which $509 million Canadian dollars was reported as revenue from sale of products and $1.06 million Canadian dollars from the sale of services. Coatings sales are reported based on the company’s reported sale of products for 2017.

Source: Annual Report, press releases

Known in the industry as the “Painter’s Paint Store,” Kelly-Moore is one of the largest employee-owned paint companies in the United States. The company is known in the industry for its high-quality products, fair prices and exceptional customer service. Kelly-Moore operates over 149 company-owned stores in California, Idaho, Nevada, Oklahoma and Texas. The company sells through 125 authorized independent paint retailers throughout the western United States.

Source: Company contact, press releases, company website

Notes: In 2018, Kelly-Moore introduced Epic Finishes, a premium-quality hybrid urethane enamel finish, and Envy premium exterior paint and enamel, designed for residential and commercial exterior surfaces.

Innovative Chemical Products (ICP) Group is a leading specialty chemical company engaged in the formulation, manufacture and marketing of coatings and adhesives, with operations headquartered in Andover, Massachusetts, and more than a dozen additional manufacturing and distribution locations throughout the United States, Mexico and Australia. ICP serves the architectural coatings, specialty construction, sports surfaces, industrial, packaging and printing end markets.

ICP Group is privately held, a portfolio company of Audax Private Equity and has completed over 10 acquisitions to date. Recently, ICP announced the acquisition of Master Coating Technologies, which adds to the ICP specialty architectural coatings platform and also Arizona Polymer Flooring and PliDek, which expand the product offering in the polymeric flooring, deck coating and concrete restoration areas. These businesses join ICP’s numerous industry leading brands.

Source: Company contact

Notes: In April 2018, ICP Construction, a division of Innovative Chemical Products, acquired Pli-Dek Systems Inc., a manufacturer of specialty coatings for the building industry. An innovator of waterproofing solutions, Pli-Dek was integrated into ICP Construction’s flooring solutions group as part of its building envelope coatings and systems offerings, joining the Arizona Polymer Flooring, Super-Krete and Rock-Tred brands. ICP Construction acquired Master Coating Technologies, a leading manufacturer of specialty architectural coatings headquartered in Eagan, Minnesota, in November 2017.

Cloverdale Paint Inc. and its subsidiaries, Rodda Paint Co., Fargo Paint & Chemicals Inc., Guertin Coatings, Sealants & Polymers Ltd., Serif Coatings & Chemical and Spectrum Powder Coatings, operate through 131 corporate-owned locations covering Canada as well as Washington, Oregon, Idaho, Montana and Alaska. The companies manufacture architectural paint, and industrial and marine coatings, along with certain powder coatings, specialty resins and sealant products. Combined markets include sales to a wide variety of professional, commercial, residential, industrial, marine, private-label and do-it-yourself customers as well as a network supporting Cloverdale Paint and Rodda Paint independent dealers throughout the Pacific Northwest region.

Source: Company contact, company website

Andrew Vogel founded Vogel Paint in 1926 as a manufacturer of barn paints and creamery maintenance enamels. It entered the liquid industrial coatings market in the 1950s, and in the 1970s began to build a fleet of company stores selling architectural paints and heavy-duty maintenance coatings. The company formed the Peridium powder coatings division in the mid-90s and built a new powder coatings production facility in 2003. The powder coatings plant was doubled with a ribbon cutting in the fall of 2017.

Today, the company operates over 65 company stores, and seven manufacturing plants and distribution centers in 13 states. It markets under the principal brand names of Diamond Vogel Paints, Old Masters Decorative Wood Finishes, Peridium Powder Coatings and Van Sickle Paints.

Source: Company contact, press releases

Notes: In 2016, The Keep Iowa Beautiful Association honored the Vogel family of Orange City, Iowa with the Donald F. Lamberti Hometown Pride Vision Award. The company has donated over 9,500 gallons of paint through the organization over the past 15 years in the interest of Iowa community improvement projects.

In 2017, the company introduced Avalon, an ultrapremium latex paint engineered to save homeowners and professional painting contractors time and effort.

Yenkin-Majestic is a vertically integrated manufacturer of coatings and resins. Its full line of architectural paints includes interior and exterior products and a variety of specialties, low-VOC oil-based paints and a unique acrylic enamel line (Diamond Hard). Its industrial division manufactures waterborne and solventborne products, including urethanes, epoxies and polyesters. Its OPC Polymers operation has grown in serving the U.S. and North American markets by its purchase of the SI-Canada Group and development of high-performance copolymers and other product categories including water-reducible alkyds, monomer-modified and high-solids specialties, and water-based alkyd dispersions and emulsions, epoxy esters, and a range of VOC-compliant vehicles.

Source: Company contact

Since 1921, Tnemec Company Inc. has been a leading supplier of high-performance coatings and linings for water tanks, wastewater treatment plants, industrial facilities and specialty architectural structures. Tnemec manufactures over 100 products, including the StrataShield line of resinous floor and wall coatings, and Chemprobe water repellents and stains for concrete, masonry and wood.

Source: Company contact

Notes: In 2017, the company introduced a line of products built to provide durable protection for surface temperatures up to 1,200 °F. The Endura-Heat line of coatings offers performance against high heat, thermal shock and corrosion under insulation.

ELANTAS PDG Inc. supplies specialty polymers for the electrical and electronic industries. Key products include magnet wire enamel, insulating varnishes, encapsulating resins, potting compounds, adhesives, conformal coatings and flexible electrical insulation. In June 2017, ELANTAS PDG Inc. acquired the Formulated Resins business of Solvay. The products are sold primarily under the CONAP^® and CONATHANE^® brand names and are used in electronics, electrical and specialty adhesive applications meshing nicely with the existing businesses within ELANTAS PDG, Inc.

Parent Company: ALTANA, AG, of Germany

Source: Company website, press releases, company contact

Hentzen Coatings Inc. develops advanced technology coatings for the industrial OEM, defense and aerospace markets. It has five U.S. manufacturing plants and provides coatings to over 35 foreign countries throughout South and North America, Europe, and Asia. Products include a wide variety of waterborne, solventborne and powder coatings.

Hentzen was founded in 1923 and is still privately owned and operated by the Hentzen family. The fourth generation of Hentzens is now actively involved in the management of the company.

Source: Company contact

True Value Co. manufactures exclusive paint brands for its retail identities and third-party accounts. Paint is manufactured under the EasyCare interior and exterior brands in Cary, Illinois, and distributed nationally to its core hardware stores.

True Value Co., headquartered in Chicago, is one of the world’s largest retailer-owned hardware cooperatives with gross billings of approximately $2 billion and revenue of approximately $1.5 billion in 2016. The True Value cooperative includes approximately 4,500 independent retailer locations worldwide operating under the store identities of True Value, Grand Rental Station, Taylor Rental, Home & Garden Showplace and Induserve Supply.

Source: True Value Corporate Communications Department, press releases

Founded in 1960, Vista Paints is a manufacturer of high-quality paints and coatings for the architectural and industrial-maintenance markets. The company sells its products through company-owned stores throughout California and Nevada. Its customers include the professional painter and the DIY consumer. The stores supply wallpaper, window coverings and related painting supplies in addition to paint.

Source: Company contact

A family-owned company, Suncoatings has produced an array of architectural and light-industrial coatings since 1971. The company is headquartered in Tampa, Florida, and its products are distributed nationally and globally through private-label partners, a network of dealers, and direct to contractors and the public through its sister company’s chain of retail stores, Sun Paints and Coatings.

Suncoatings operates three plants nationally and prides itself on being on the forefront of coatings technology by investing heavily in research and development. The company has a large range of architectural products, from floor to roof coatings and everything in between.

Source: Company contact, company website

An employee-owned company that was founded in 1964, Gemini Industries manufactures and distributes an extensive line of coatings, aerosol products and touchup materials for the architectural wood finishing market. A sophisticated line of high-performance coatings for cabinet makers, furniture finishers and refinishes represents 50% of sales. It also manufactures a line of EPA-registered wood preservatives and related products for use on exterior decks, siding and fences. Gemini has five plants and distribution facilities that provide nationwide service.

Parent Company: Gemini Industries

Source: Company contact

Notes: In September 2017, Gemini Industries Inc. acquired Missouri-based Amteco Inc., a provider of wood preservatives, wood protectants, and rust- and corrosion-control coatings.

TIGER Drylac’s USA operations were established in 1984. The company’s North American network includes 10 distribution centers and three manufacturing facilities; one in Illinois, one in Mexico and one in Canada. It employs around 300 people.

Source: Company contact

Established in 1921, Sheboygan Paint Co. is an independent manufacturer of industrial finishing solutions. Originally established to produce varnish for wood furniture, the company now produces a diverse portfolio of product lines, including water-reducible and high solids coatings for refinish and OEM industrial waste containers, waterborne and solvent-based coatings for bottle and cylinder re-conditioners and manufacturers, chemical-resistant phenolic and epoxy phenolic interior lining coatings and two component epoxy, zinc-rich epoxy and polyurethane products for the trailer industry. The company also produces and services industrial coating markets for structural steel, warehouse racking, wood products, construction and agricultural equipment, metal doors and frames, and lawn and garden equipment.

The company currently has two manufacturing facilities in Sheboygan, Wisconsin, and Cedartown, Georgia, with additional distribution out of Philadelphia and Los Angeles.

Source: Company contact, company website

Farrell-Calhoun is a manufacturer of architectural and industrial-maintenance coatings. The company has distribution throughout the Mid-South and Southeast through 41 company-owned stores and a network of around 70 dealers.

Source: Company contact

Lanco & Harris Corp. (dba Lanco Paints and Coatings) is part of the Blanco Group, which recorded total sales of $310 million in 2017. In business since 1978, Lanco & Harris Corp. manufactures architectural and industrial coatings, roof sealers, wood finishes, industrial adhesives and high-performance sealants. The company has manufacturing facilities in the United States, the Caribbean, and Central and South America.

Source: Company contact, company website

Fortech Products is a global manufacturer of water-based, high-heat, corrosion-resistant coatings. Fortech Products also manufactures metal working/forming lubricants, industrial cleaners and rust preventives.

Currently leading the automotive industry in rear axle coatings, in 2017, Fortech Products gained further OEM content supplying its third-generation TechKote 2951 black corrosion-resistant coatings on propshafts for Toyota and Nissan, complementing its established GM, Ford and FCA truck business. 2017 also achieved additional growth within its current customer base, gaining further content, supplying TechKote WA 2951 to power steering pumps. Fortech will experience increased volume through 2021 within this segment. Fortech TechKote 2975 water-based blackout/antichip coating has expanded its sales throughout Asia for use in truck and SUV wheel wells and on critical lower suspension units that are susceptible to high levels of stone chipping.

Source: Company contact

Established in 1972, H-I-S Paint Manufacturing is a manufacturer of architectural and industrial coatings for numerous national and global markets. The company is known for its pharmaceutical formulation capabilities in various industrial markets that require compliant technologies to perform in every condition. H-I-S currently operates out of two manufacturing facilities in Oklahoma City. It produces brands such as Life-Kote & Master Thane within the Industrial division and Country Classic & Imperial within the Professional division.

Source: Company website, company contact

Notes: In May 2017, the company announced the acquisition of Premium Coatings of Texas, an electrical component and millwork coatings manufacturer based in Haslet, Texas. The acquisition broadens the H-I-S industrial coatings portfolio and allows the company to expand into new market segments.