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Valspar Acquires Isocoat Tintas e Vernizes Ltda. PDF Imprimir E-mail
Acquisition Expands Valspar's Presence in Latin America

MINNEAPOLIS, Feb 22, 2011 (BUSINESS WIRE) --

The Valspar Corporation (NYSE-VAL) announced today that it has acquired Isocoat Tintas e Vernizes Ltda., located in Araçariguama, state of São Paulo, Brazil. Isocoat manufactures powder coatings used in appliance, building products, transportation and other general industrial markets and serves customers in Brazil, Argentina and Colombia.

Acquisition Expands Valspar's Presence in Latin America

MINNEAPOLIS, Feb 22, 2011 (BUSINESS WIRE) --

The Valspar Corporation (NYSE-VAL) announced today that it has acquired Isocoat Tintas e Vernizes Ltda., located in Araçariguama, state of São Paulo, Brazil. Isocoat manufactures powder coatings used in appliance, building products, transportation and other general industrial markets and serves customers in Brazil, Argentina and Colombia. "Isocoat further strengthens Valspar's presence in the fast-growing coatings markets in Latin America and broadens our range of technologies for the general industrial segment," said Gary E. Hendrickson, Valspar president and chief operating officer. "The company is an excellent strategic fit with our existing business, supports our service to our global customers in the region and provides an outstanding platform for growth." Isocoat had 2010 sales of approximately $34 million. Terms of the transaction were not disclosed.

 

The Valspar Corporation (NYSE: VAL) is a global leader in the paint and coatings industry. Since 1806, Valspar has been dedicated to bringing customers the latest innovations, the finest quality and the best customer service in the coatings industry.

FORWARD-LOOKING STATEMENTS
Certain statements contained in "Management's Discussion and Analysis of Financial Condition and Results of Operations" and elsewhere in this report constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. Forward-looking statements are based on management's current expectations, estimates, assumptions and beliefs about future events, conditions and financial performance. Forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside our control and could cause actual results to differ materially from such statements. Any statement that is not historical in nature is a forward-looking statement. We may identify forward-looking statements with words and phrases such as "expects," "projects," "estimates," "anticipates," "believes," "could," "may," "will," "plans to," "intend," "should" and similar expressions.These risks, uncertainties and other factors include, but are not limited to, deterioration in general economic conditions, both domestic and international, that may adversely affect our business; fluctuations in availability and prices of raw materials, including raw material shortages and other supply chain disruptions, and the inability to pass along or delays in passing along raw material cost increases to our customers; dependence of internal sales and earnings growth on business cycles affecting our customers and growth in the domestic and international coatings industry; market share loss to, and pricing or margin pressure from, larger competitors with greater financial resources; significant indebtedness that restricts the use of cash flow from operations for acquisitions and other investments; dependence on acquisitions for growth, and risks related to future acquisitions, including adverse changes in the results of acquired businesses, the assumption of unforeseen liabilities and disruptions resulting from the integration of acquisitions; risks and uncertainties associated with operations and achievement of profitable growth in developing markets, including Asia and Central and South America; loss of business with key customers; damage to our reputation and business resulting from product claims or recalls, litigation, customer perception and other matters; our ability to respond to technology changes and to protect our technology; changes in governmental regulation, including more stringent environmental, health and safety regulations; our reliance on the efforts of vendors, government agencies, utilities and other third parties to achieve adequate compliance and avoid disruption of our business; unusual weather conditions adversely affecting sales; changes in accounting policies and standards and taxation requirements such as new tax laws or revised tax law interpretations; the nature, cost and outcome of pending and future litigation and other legal proceedings; and civil unrest and the outbreak of war and other significant national and international events. We undertake no obligation to subsequently revise any forward-looking statement to reflect new information, events or circumstances after the date of such statement.

SOURCE: The Valspar Corporation

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