Cases & Deals

Sherwin-Williams acquires Valspar for $11.3 billion

Client(s) Sherwin-Williams Company, The

Jones Day advised The Sherwin-Williams Company in its $11.3 billion acquisition of The Valspar Corporation. The transaction was uniquely structured as an all cash transaction with a per share price of $113.

The transaction creates a premier global paints and coatings company with an expansive cross-border presence and a combined workforce of approximately 58,000 employees. Sherwin-Williams financed the transaction through a combination of existing and new debt.

In addition to M&A representation, Jones Day provided finance, employee benefits, intellectual property, and tax advice regarding this transaction.