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         April 1

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Welcome to Painting Pro Times where industry experts provide the latest information on industry trends as well as valuable news, and product information.
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Painting Pro Times, the source for paint professionals!
As we close the first quarter of 2016, the big News is the Sherwin-Williams purchase of Valspar. Actually, it may be impossible to find another bolder, bigger and US based buy in the paint industry for the foreseeable future. There are no 4 billion dollar plus companies left. Does the acquisition matter to paint and coating professionals? Take a look around; already many parts of the country do not have a small or medium manufacturer as supplier option. The industry has seen a relentless, 40 year consolidation where the idea of small players is history.
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Sherwin Williams Buys Valspar
And then there were three. The coatings industry was further transformed on March 20th, 2016 with the surprise purchase of Valspar by Sherwin Williams. Why did we see a Sherwin Williams Valspar merger? What does this mean for the coatings industry? Are there any broader implications of this deal? First, the details of the purchase itself: Sherwin paid a 41% premium to Valspar’s closing price on March 18, 2016, and 28% higher than Valspar had ever traded. The $11.3 billion price tag represents 15 x projected calendar year 2016 EBITDA (earnings before interest, taxes, depreciation and amortization).
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Never Paint (or apply coatings) Again?
Will the next generation coatings put professional painters out of business? Nano technology, new factory finishing innovations, and custom designed substrates that do not require environmental protection may send maintenance paints and coatings alongside Blockbuster Video to obsoleteville. Read the following excerpt, although not from the professional painting arena, the new technology demonstrates game changing properties.
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Regulatory Review
OSHA’s Final Rule on Eye and Face Protection
OSHA updates PPE requirements for workers in general industry, shipyards, longshoring, marine terminals and construction. OSHA today published a final rule that updates eye and face protection standards. The rule, which goes into effect April 25, covers PPE requirements for workers in general industry, shipyards, longshoring, marine terminals and construction.
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First McCormick Paints Opens First Store in North Carolina
McCormick Paints Makes a Splash in the Triangle McCormick Paints, the largest independent paint manufacturer and retailer on the east coast, recently opened its 28th retail store this month in Raleigh, North Carolina. This is the first Carolina location for the expanding, Maryland-based, family-owned company. McCormick Paints Raleigh will host its Grand Opening Luncheon & Ribbon Cutting on Thursday, April 14 from 11:00 AM to 2:00 PM, with catering by Captain Ponchos Taco Truck, raffle prizes, special pricing and free t-shirts for the first 100 guests.
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Industry News
The Sherwin-Williams Company To Acquire Valspar For $113.00 Per Share In Cash Or $11.3 Billion
• Creates a Premier Global Paints and Coatings Company
• Significantly Expands Position in Asia-Pacific and EMEA; Extends Capability Set into Packaging and Coil with Leadership Positions
• $280 Million of Annual Synergies
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Behr Paint Expands Product Offerings for Professionals
As an expansion of its BEHR PRO™ professional grade paint line, Behr Paint has added a variety of quality coatings to its product lineup in 2016... READ NOW      
Benjamin Moore Showcases Product Ingenuity In Milestone Marketing
Benjamin Moore, North America’s favorite paint, color and coatings brand, today launched its 2016 advertising campaign, building upon last year’s initiative focusing on product innovation. READ NOW       
Dunn-Edwards Arizona Paint Manufacturing Plant
From Dunn-Edwards Paints - take a tour of our LEED® Gold Certified paint manufacturing facility in Phoenix, Arizona. READ NOW      
PPG: We protect and beautify the world
Everyday, we create, invent, and formulate the amazing paints, coatings, and materials that make the world brighter and more colorful. PPG: We protect and beautify the world. READ NOW      
Sherwin-Williams PRO on the go - Jobsite Journal: State Theatre, Cleveland, OH
Cindy Friedmann of The Dependable Painting Company talks about the challenges and the coatings that ensured success on this high-profile restoration job at the historic State Theatre. READ NOW       
NAHB Pleads for a Better RRP Lead Paint Test Kit
NAHB continues to beat the drum on the importance of a reliable, easy-to-use and inexpensive way to test for the presence of lead-based paint in walls and trim as key to the Environmental Protection Agency’s Lead Renovation, Repair and Painting rule. READ NOW       
ABC Slams Persuader Rule: DOL Proposal Designed to Silence Employers
Associated Builders and Contractors (ABC) today issued the following statement in response to the release of the U.S. Department of Labor’s (DOL) final “persuader rule.” READ NOW        
Construction Material Prices Continue Free Fall in February
Construction input prices fell for the eighth consecutive month during February 2016 according to an analysis of the Bureau of Labor Statistics Producer Price Index released today by Associated Builders and Contractors (ABC). READ NOW        
The Intersection of Science and Art
Courageous collaborations can revitalize communities and inspire generations. READ NOW        
Product Introductions
3M
Introducing the all new 3M™ Quick Latch Respirator. Featuring a convenient quick latch for easy on and off, plus 3M™ Cool Flow™ technology for cool comfort.
www.3msafety.com
     
Sherwin-Williams Emerald® Interior Acrylic Latex Paint
Discover what’s new in Emerald Paint and Primer in One from Sherwin-Williams. Now available in a true flat sheen that has the same exceptional washability, durability and burnish resistance as the matte and glossier sheens, plus accent colors with newly enhanced hiding power.
Learn more about Emerald
        
Featured Videos
ScotchBlue™ Painter's Tape for Exterior Surfaces
3M
Upcoming Industry Events
American Coatings SHOW 2016
Indianapolis, IN
April 12-14, 2016
PaintExpo 2016
Rheinstetten, Germany
April 19-22, 2016
2016 WIA National Convention and Vendor Showcase
Charlotte, North Carolina
September 16-17, 2016
Knowledge Test
1. The Society of Protective Coatings (SSPC) started as part of the Painting & Decorating Contractors of America (PDCA):
2. The basic components of paint are resins, solvents, additives and:
3. In early America, like England, Spanish Brown was a popular color, most likely because:
Contacts:
Editor:
Mark Casale ppt@extensionmedia.com
Publisher/Sales Director: Melissa Sterling msterling@extensionmedia.com
Sales Manager: Jenna Johnson jjohnson@extensionmedia.com