Sector News

Valspar Acquires Madison Chemical Industries

November 14, 2014
Chemical Value Chain
(BUSINESS WIRE) – The Valspar Corporation announced today that it has completed the purchase of Madison Chemical Industries, Inc., a coatings manufacturer headquartered in Ontario, Canada. Madison was founded in 1975 and has developed a global reputation for its technically-advanced products used for critical infrastructures such as water transmission pipelines, water and wastewater management, and potable water storage.
 
“We are pleased to welcome the Madison team to Valspar”
 
 “We are pleased to welcome the Madison team to Valspar,” said Gary Hendrickson, Valspar’s chairman and chief executive officer. “Combining Valspar’s existing pipe coating products, global manufacturing and technical resources with Madison’s extensive experience and qualifications in the water infrastructure market provides our customers with a broader array of proven solutions. Bringing four decades of breakthroughs and market leadership into Valspar’s technology portfolio is a big win for our customers.”
 
Financial terms of the transaction were not disclosed.
 
Source: Valspar

Related News

September 18, 2020

British company Hydrachem launches Cert. – a household cleaner that destroys COVID-19 in just 60 seconds

Chemical Value Chain

A British company is today launching a household cleaner which destroys the SARS-CoV-2 virus – which causes COVID-19 – in just 60 seconds. Cert. is manufactured by Hydrachem, which has […]

September 18, 2020

European Commission raises EU’s GHG emissions reduction target to at least 55% by 2030

Chemical Value Chain

The European Commission presented today its 2030 climate target plan, in which it sets out a program to reduce EU greenhouse gas (GHG) emissions by at least 55% by 2030, […]

September 16, 2020

Dow to sell trio of US Gulf Coast tank terminals to Vopak JV for $620 million

Chemical Value Chain

Dow has agreed to sell three of its chemical storage terminals on the US Gulf Coast for $620 million to a joint venture (JV) between Vopak (Rotterdam, Netherlands) and investment […]