Sherwin-Williams

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Sherwin-Williams Company
Type Public
Traded as
Industry General building materials
Founded Cleveland, Ohio, United States (1866 (1866))
Founder(s)
Headquarters Cleveland, Ohio, U.S.
Number of locations 4,339 (2011)
Area served Worldwide
Key people
Products
Brands
  • Easy Living (Sears and Kmart only)
  • Weatherbeater (Sears and Kmart only)
Revenue Increase US$ 10.185 Billion (FY 2013)[1]
Operating income Increase US$ 1.085 billion (FY 2013)[1]
Net income Increase US$ 752.561 Million (FY 2013)[1]
Total assets Increase US$ 6.382 billion (FY 2013)[1]
Total equity Decrease US$ 1.774 billion (FY 2013)[1]
Employees 37,633 (Dec 2013)[1]
Divisions
  • Retail Stores
  • Diversified Brands
  • Automotive Finishes
  • Chemical Coatings
Subsidiaries
Website sherwin-williams.com

The Sherwin-Williams Company is an American Fortune 500 company in the general building materials industry. The company primarily engages in the manufacture, distribution, and sale of paints, coatings and related products to professional, industrial, commercial, and retail customers primarily in North and South America and Europe. The company is mostly known through its Sherwin-Williams Paints line.

History[edit]

A company store in Hillsboro, Oregon

Founded by Henry Sherwin and Edward Williams[2] in Cleveland, Ohio in 1866, the company operates through four segments: Paint Stores Group (known as Sherwin-Williams Stores), Consumer Group, Latin America Coatings Group, and Global Finishes Group.

Sherwin-Williams Paints[edit]

The Paint Stores Group, known as Sherwin-Williams Paints, 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, and original equipment manufacturer product finishes and similar items. As of January 1, 2011, the Paint Stores Group operated 3,954 individual paint stores.

The Consumer Group develops, manufactures, and distributes various paints, coatings, and related products, under the brand names of Duron, MAB, Minwax, Krylon, Mautz, Purdy, Bestt Liebco, Thompson's WaterSeal, H&C, Pratt & Lambert, Martin-Senour and Dutch Boy, to third party customers in addition to overseeing the operations maintained by the Paint Stores Group.

Sherwin-Williams also makes its own paints under the Easy Living and Weatherbeater brand names; those paint brands are used exclusively for Sears and Kmart stores.

On August 28, 2007 Sherwin Williams purchased Columbia Paint & Coatings. On July 6th 2011 Sherwin-Williams acquired Leighs Paints, based in Bolton UK, manufacturers of intumescent and high performance industrial coatings.[3] In late 2012, Sherwin Williams began the process of purchasing the Comex Group. Comex, currently private owned, is the 4th largest paint manufacturer in North America.

In 2007, the company introduced its first "Idea Center" in Shaker Heights, Ohio, in an effort to provide customers with an interior design environment as contrasted with its conventional paint stores.[citation needed]

Sherwin-Williams Automotive Finishes[edit]

The Automotive Finishes segment develops, manufactures, and distributes various motor vehicle finish, refinish, and touch-up products. It also licenses certain technology and trade names worldwide, as well as distributes Sherwin-Williams branded automotive finish and refinish products through its network of automotive branches. The Automotive Finishes segment opened their 200th automotive branch in Calumet Park, IL on September 21, 2007. The International Coatings segment develops, licenses, manufactures, and distributes various paints, coatings, and related products worldwide through 76 company-operated specialty paint stores, as of the above date, and by outside selling functions to other dealers and distributors.

Sherwin-Williams Spray Source[edit]

Sherwin-Williams Spray Source service centers offer new equipment, parts and accessories, maintenance and repairs to rental programs. There are over 100 service centers located across the U.S. and Puerto Rico. They have factory-trained technicians that provide maintenance and repairs on paint sprayers, pressure (cleaners) washers, conventional spray guns, HVLP (High Volume Low Pressure) systems, plural-component equipment from manufacturers like EXEL North America, Kremlin Rexson, Sames, Johnstone, Graco, Titan/Speeflo, Spraytech/Wagner, Capspray, ITW Binks, AccuSpray, Mi-T-M, Pressure Pro, and more. They provide repairs like maintenance, emergency and warranty, telephone troubleshooting support, on-site demonstrations, and training. Prior to 2008, the program was called SherWorks.

Sherwin-Williams Mexico[edit]

In 1929 Sherwin-Williams Mexico started operations. Headquarters is in Mexico City and is managed by Pablo García.

Sherwin-Williams Mexico has 109 branches and 200 dealers.

STIR magazine[edit]

STIR magazine is a tri-annual publication delivering color news and resources to residential and commercial interior designers and architects throughout North America. The magazine is created and published by Hanley Wood, LLC. The first issue was published in 2004.

Gray Drug[edit]

Between 1981 and 1987, Sherwin-Williams owned Gray Drug.

Awards[edit]

STIR magazine has won several industry awards, including a 2005 FOLIO award for best design,[4] new custom publication, as well as a 2007 Pearl Award from the Custom Publishing Council for the best in custom Publishing category.[5]

On June 20, 2011, Computerworld named The Sherwin-Williams Company the #58 Best Place to Work in IT.[6]

Competition[edit]

Sherwin-Williams' major competitors are PPG, DuPont Performance Coatings, BASF, Valspar (through Lowe's), Behr (through Home Depot), 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.

References[edit]

External links[edit]