Valspar to acquire Inver Holdings

MINNEAPOLIS, US: The Valspar Corporation, a leading global manufacturer of paints and coatings, announced a definitive agreement to acquire Inver Holding Srl (Inver Group), a leading industrial coatings manufacturer in Europe. The transaction is expected to close in the fiscal fourth quarter, subject to regulatory approval and customary closing conditions. Financial terms were not disclosed.

“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. Inver’s strong product portfolio and customer focus have successfully delivered results through numerous business cycles. With Inver, we gain a proven leadership team that is a strong fit with Valspar’s culture. Our customers will benefit from the expanded technologies and service we will provide together,” said Gary Hendrickson, Chairman and CEO, Valspar.

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