A company store in Hillsboro, Oregon
|Industry||Paint and coating manufacturing|
|Founded||Cleveland, Ohio, U.S. (1866)|
Number of locations
|4,758 stores (2019)|
|Revenue||US$17.90 billion (2019)|
|US$1.54 billion (2019)|
|Total assets||US$20.50 billion (2019)|
|Total equity||US$4.12 billion (2019)|
Number of employees
Sherwin-Williams Company is an American Fortune 500 company in the paint and coating manufacturing industry. The company, with headquarters in Cleveland, Ohio, primarily engages in the manufacture, distribution, and sale of paints, coatings, floorcoverings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America and Europe. At the end of 2019, Sherwin-Willams had operations in over 120 countries. The company is mostly known through its Sherwin-Williams Paints line.
Americas Group was the first section of the company to be established, in 1866. These stores market and sell Sherwin-Williams branded architectural paints and coatings, industrial and marine products, floorcovering, and related equipment and supplies. As of the end of 2019, the Americas Group had expanded to 4,758 stores, including more than 135 floorcovering centers.
Consumer Brands Group
The Consumer Brands Group develops, manufactures, and distributes various paints, coatings, and related products, under the brand names of Anthony Angelillo, Bestt Liebco, Cabot, Dupli-Color, Duron, Dutch Boy, Frazee, Geocel, Guangdong Huarun Paints, H&C, HGTV Home, Kool Seal, Krylon, MAB, Martin-Senour, Mautz, Minwax, Pratt & Lambert, Purdy, Ronseal, Thompson's WaterSeal, Uniflex, Valspar, Wattyl, and White Lightning to third party customers in addition to overseeing the operations maintained by The Americas Group.
On August 28, 2007, Sherwin Williams purchased Columbia Paint & Coatings. On July 6, 2011, Sherwin-Williams acquired Leighs Paints, based in Bolton UK, manufacturers of intumescent and high performance industrial coatings. In late 2012, Sherwin Williams began the process of purchasing the Comex Group. Comex was the 4th largest paint manufacturer in North America. After Mexican antitrust regulators voted against the deal twice, Sherwin-Williams bought Comex's US and Canadian divisions for $165 million on September 16, 2013. PPG, US-based paint and coating company, acquired Comex's Mexican division for $2.3 billion. In March 2016, it was announced that Valspar would be acquired for $9.3 billion U.S. dollars. The merger was finalized 1 June 2017.
Performance Coatings Group
The Performance Coatings Group sells coatings and finishes to industrial, wood furniture manufacturing, marine, packaging, and automotive markets in more than 110 countries. The Group also contains Valspar's automotive refinishes business.
In September 2019, the company announced that it was moving its global headquarters - then in downtown Cleveland - to a larger site. It would consider remaining in Cleveland, but was evaluating sites in the region and out of state.
After five months, in February 2020, Sherwin-Williams declared it would remain in Cleveland, which would provide hundreds of jobs for the region as well as an estimated $600 million investment in a new 1-million-square-foot (93,000 m2) building that will become a worksite for 3,500 employees. The company is also building a new 500,000 sq. ft. research and development center on the site of a former VA hospital in Brecksville, OH, saying a suburban, less densely populated location would work better with its research and coating development processes.
The first step in the procedure took place in March 2020 when the company paid $49.5 million for property currently used as parking lots in downtown Cleveland in an apparent cash transaction. The HQ building is expected to open in 2023.
Lead paint lawsuit
In January 2014, the Santa Clara County Superior Court ruled that Sherwin-Williams, NL Industries and ConAgra were jointly and severally liable for $1.15 billion, to be paid into a lead paint abatement fund to be used to remove lead paint from older housing. The judge ruled that the paint companies manufactured, marketed, and sold lead paint without disclosing the health risks to the consumers in spite of "actual and constructive knowledge that it was harmful." In March 2014 Sherwin-Williams was denied a new trial.
As per their 2013 annual report, Sherwin-Williams considers this case without merit and will appeal the decision. The process may take another two years. The disposition of The People v. ConAgra Grocery Products Company et al. in the California 6th Appellate District Court on November 14, 2017 is that
... the judgment is reversed, and the matter is remanded to the trial court with directions to (1) recalculate the amount of the abatement fund to limit it to the amount necessary to cover the cost of remediating pre-1951 homes, and (2) hold an evidentiary hearing regarding the appointment of a suitable receiver. The Plaintiff shall recover its costs on appeal.
On February 14, 2019 the California Supreme Court denied the defendants' request for review, sending the case back to the trial court as ordered by the Appellate Court.
Attempted diversions and national boycotts
On April 9, 2018, Milwaukee Mayor Tom Barrett and representing attorneys uncovered that Sherwin-Williams tried to ”shift the blame to contaminated water in an effort” to avoid tens of millions of dollars in settlements. As many as 170 children have been affected by the potentially fatal lead poisoning.
On June 28, 2018 Consumer Watchdog declared a national boycott of paint from Sherwin-Williams “stores after the paint maker said it was going forward with a deceptive California ballot measure to erase its liability to the public for poisoning families with lead in its paint.” Sherwin-Williams has allegedly been evading accountability resulting in severe damage to its company brand.
Charity marketing ploy
In 2014, a charity promotion was created indicating that $1 million would be contributed to the Angels Baseball Foundation “any time an Angels batter parked a home run ball in the can. Well, left-fielder Justin Upton did just that last Tuesday, September 19, 2017 in the ninth inning. That’s when it transpired that there was a catch all along: The ball had to enter the can on the fly. Upton’s homer ball bounced at least once before caroming into the can. So, no contribution.”
In late 2017, a lawsuit was filed against Sherwin-Williams, claiming it was responsible for eighty of its major coating products for being defective. Customers have repeatedly claimed that the quality of the products have failed a few months after applying the coating by peeling and chipping away. In May 2020, Sherwin-Williams was reported to have asked for the suit to be dismissed due to the fact that the plaintiffs only used one of the 16 products named in the lawsuit.
Awards and recognition
STIR magazine has won several industry awards, including a 2005 FOLIO award for best design, new custom publication, as well as a 2007 Pearl Award from the Custom Publishing Council for the best in custom Publishing category.
In 2015, Sherwin-Williams was recognized as the most used brand as well as the winner for brand familiarity and quality rating in the Paints category by the Builder magazine.
Sherwin-Williams' major competitors are PPG, Rust-Oleum, RPM International Inc., Axalta Coating Systems, BASF (through Ace Hardware and Lowe's), Behr, (through The Home Depot), Kelly-Moore Paints, and Benjamin Moore. There are also several smaller, regional competitors, though Sherwin-Williams has acquired a few of them (such as MAB and Columbia Paint & Coatings and Parker Paints) in recent years.
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The defendants sold lead paint with actual and constructive knowledge that it was harmful
- VALHI INC /DE/ Form 10-K on 03/13/2015
- "Annual Report 2013 page 32-33" (PDF). Sherwin-Williams. Archived from the original (PDF) on September 3, 2014. Retrieved August 27, 2014.
- Judge Nathan D. Mihara; Associate Justice Eugene M. Premo; Associate Justice Franklin D. Elia (November 14, 2017). "The People v. ConAgra Grocery Products Company et al". California Courts - Appellate Court Case Information. Judicial Council of California. Retrieved November 19, 2017.
...we can accept the inference that defendants’ pre-1951 promotions increased the use of lead paint on residential interiors during the period of those promotions...
- "California Courts - Appellate Court Case Information". appellatecases.courtinfo.ca.gov. Retrieved April 2, 2018.
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- Andrew Joseph (September 20, 2017). "Justin Upton's home run into the $1 million can doesn't count due to a lame technicality".
- Whitney McIntosh (September 20, 2017). "Sherwin Williams isn't donating $1 million to the Angels' charity because of a technicality".
- "Superdeck Lawsuit Over Peeling, Chipping, Cracking". January 17, 2018.
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- Painting Florida
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- The Sherwin Williams Home Decorator and Color Guide (1939) Kenneth Franzheim II Rare Books Room, William R. Jenkins Architecture and Art Library, University of Houston Digital Library.
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