Last Friday, federal regulators approved Sherwin-Williams’ acquisition of Valspar Corp. as both companies agreed to sell Valspar’s North American Industrial Wood Coatings Business, reports Reuters.
Valspar sold its coatings business, which manufactures stains, sealants and other coatings products, to Axalta in order to satisfy U.S. and Canadian regulatory agencies’ concerns regarding the number of wood stain and sealant manufacturers, according to Reuters.
