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       March 29

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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!
Enjoying the early spring blooming? Well, aside from the new season, it is an exciting time in the paint world, because of the corporate jousting. The big News: PPG has made two unsolicited (reportedly) offers to acquire AkzoNobel. It looks like Sherwin-Williams will not be alone in the buying to grow mode. Compared to baseball, it is like a brazen grand slam swing at a high and away pitch, when the fans are expecting a walk. Apparently, the hit was a miss; Akzo said no thanks and we are not for sale. Next, PPG doubled downed; more cash and a stock exchange.
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Solving the Manager vs. Leader Dilemma
It is often said that not all good managers are good leaders, neither are all good leaders good managers. The business world kind of kept peace with this reality for a long time, but now the tides are turning. With the changing organizational hierarchy, the need to find people who can manage and lead in an equally efficient manner has become crucial. As a matter of fact, management is a one of the most critical leadership skills one needs to confidently control the helm.
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Spotlight On:
One Step – Saves Time – Holds Strong®
Securing poly-sheeting or other protective coverings can be time-consuming and expensive. But, some jobs require the protection of poly-sheeting. Tackle them with speed and ease with Double-Sided Poly-Hanging Tape from Shurtape. It’s a one-tape, one-step solution that saves time and holds strong in prep work.
Learn more at Shurtape.com.
Why Painting Companies Go Under
It really is the same question for everyone: Why do Small Businesses Fail? If it was easy to start and run a successful small business, just about everyone would do it. But what leads to business failures? The answers are as diverse as the businesses themselves, but there are some common challenges. More importantly, if you’re thinking of starting a business, what can you do to increase your odds of success? Read on for an overview of some common challenges new businesses face, and learn what can be done to minimize them.
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Younger Workers More Monitoring, Longer Projects
As described in a previous post, employment in the residential construction industry reached 2.68 million in January of this year. Although this is still well short of the 3.45 million at the peak of the boom in 2006, it nevertheless represents an increase of more than 700,000 jobs since the employment trough of the Great Recession in 2011.
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Industry News
Shareholders urge Akzo to negotiate with PPG
Shareholders piled pressure on Dutch paint maker Akzo Nobel (AKZO.AS) to open talks with U.S. rival PPG Industries (PPG) on Wednesday after Akzo rejected a revised 22.7 billion euro takeover offer as too low, too risky and a bad fit culturally. READ NOW      
Graco Introduces New Cleaning and Surface Preparation Solution
Graco Inc., a leading manufacturer of fluid handling equipment, is pleased to announce the new EcoQuip 2™ EQp, part of the EcoQuip 2 family of Vapor Abrasive® blast equipment. READ NOW       
Animated Safari with Sherwin-Williams Color Chips
In a world of Sherwin-Williams color chips, join us on a safari filled with color inspiration. Where will color take you? READ NOW      
PRO on the Go: Taking Your Business to the Next Level
Taking your business to the next level: What’s the first thing a top consulting firm recommends to their painting company clients? READ NOW      
PPG debuts TOUCHMIX XI touchscreen computer
PPG has launched the state-of-the-art TOUCHMIX® XI computer, the first of three advanced tools that will make up PPG’s new branded Color Solutions product line known as XI. READ NOW       
PPG makes revised proposal to combine with AkzoNobel
Proposal of 90.00 (cum dividend) per ordinary share is a 40 percent premium to the unaffected AkzoNobel stock price of March 8, 2017 READ NOW       
Valspar Agrees to Extend Acquisition Deal with SW
The Sherwin-Williams Company (NYSE: SHW) and The Valspar Corporation (NYSE: VAL) announced that they have extended the termination date of the definitive agreement under which Sherwin-Williams will acquire Valspar for $113 per share in an all-cash transaction, from March 21, 2017 to June 21, 2017. READ NOW        
Construction Executive Pay Expected to Rise by 4% This Year
Company revenue size is the most relevant demographic factor in determining how a construction company pays its executives as compared to other construction companies, reports PAS, Inc.(link is external) in its latest Contractor Compensation Quarterly (CCQ). READ NOW       
The Pulse of the Industry
The Pulse of the Industry Initiative will compile data on the challenges in our industries to develop a plan to expand market share for the IUPAT and the signatory contractors of the Finishing Trades. READ NOW        
ABC Congratulates 2017 National Craft Champions
Associated Builders and Contractors (ABC) announced the winners of the 30th annual National Craft Championships (NCC) during its Careers in Construction awards ceremony in Fort Lauderdale, Fla. READ NOW       
Product Introductions
Sherwin Williams | SnapDry™ Door and Trim Paint dries in as little as one hour.
Improve efficiency and reduce downtime with SnapDry from Sherwin-Williams. This innovative interior/exterior coating dries in a fraction of the time. Plus, it stands the test of time, providing a hard, durable finish that resists dirt, fingerprints and UV weathering.
Learn more   
     
Featured Videos
New Titan RX-Pro™ Airless Spray Gun
An innovative spray gun built for the way you work, giving you ultimate comfort and control.
Upcoming Industry Events
Salon NYC 2017
New York, NY
April 13-16, 2017
Knowledge Test
1. No, including public workers (teachers, municipal, etc), union labor represents approximately 19% of the workforce?
2. According to the NFIB, on average, about two thirds of small businesses survive:
3. Early American paints produced prior to 1875 were often made with what was available, rather than adhering to strict formulas. Distemper:
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Editor:
Mark Casale ppt@extensionmedia.com
Publisher/Sales Director: Melissa Sterling msterling@extensionmedia.com
Sales Manager: Jenna Johnson jjohnson@extensionmedia.com