Canada:
Sherwin-Williams Permitted To Acquire Valspar
14 June 2017
Affleck Greene McMurtry LLP
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The proposed acquisition between two global paint coating
companies, Sherwin-Williams and Valspar, was recently given the go-ahead by the
Competition Bureau, after a consent agreement was reached between the
Bureau and Sherwin-Williams. Initially, the Bureau had determined
that the proposed acquisition would likely result in a substantial
lessening of competition in the industrial wood coating industry.
To address these concerns, Sherwin-Willaims is required under the
consent agreement to sell Valspar's assets related to
industrial wood coatings in Canada and the U.S. to Axalta Coating
Systems Ltd., a new entrant based in Pennsylvania.
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