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Home  > Markets & companies  > Coatings market  > Industrial coatings: Valspar to acquire In...

Wednesday, 18 September 2019
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Markets & companies, Coatings market

Industrial coatings: Valspar to acquire Inver Group

Wednesday, 5 June 2013

US-based Valspar Corporation strengthens its position in European industrial coatings market.

The transaction is expected to close in the fiscal fourth quarter, subject to regulatory approval and customary closing conditions. Source: Microsoft Clipart
The transaction is expected to close in the fiscal fourth quarter, subject to regulatory approval and customary closing conditions. Source: Microso...

The Valspar Corporation has recently announced a definitive agreement to acquire Inver Holding S.r.l. (Inver Group), one of the leading industrial coatings manufacturers in Europe. The transaction is expected to close in the fiscal fourth quarter, subject to regulatory approval and customary closing conditions.

Inver Group is headquartered in Bologna, Italy and generated sales in 2012 of approximately EUR 160 million. Founded in 1934, the company specializes in liquid and powder coatings products as well as resins that are used in a variety of industrial applications including off-road equipment, auto and off-road parts, architectural aluminum windows, railways and trams. Owned by the Domenichini family for three generations, the company serves customers primarily in Italy, the United Kingdom, France, Germany and Poland.

"Consistent with the growth strategy for our industrial coatings business, 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," said Gary Hendrickson, Valspar's Chairman and Chief Executive Officer. The European industrial coatings market is worth USD 6 billion.

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