Sherwin-Williams

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Sherwin-Williams Company
Type Public
Traded as NYSESHW
S&P 500 Component
Industry General building materials
Founded 1866
Founder(s) Henry Sherwin
Edward Williams
Headquarters Cleveland, OH, U.S.
Area served Worldwide
Key people Christopher M. Connor Chairman, CEO
John G. Morikis COO
Sean Hennessy CFO
Products Paints
Wallpapers
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 Dutch Boy Paint
Duron Paint
MAB Paints
Minwax
Krylon
Purdy
Bestt Liebco
Thompson's
H&C
Pratt & Lambert Paint
Martin-Senour Paint
Columbia Paint & Coatings
Easy Living (Sears)
Weatherbeater (Sears)
Website www.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.

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 Segment, 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 segment operated 3,954 individual paint stores. The Consumer segment develops, manufactures, and distributes various paints, coatings, and related products to third party customers and the Paint Stores segment. Sherwin-Williams is the parent company of other brands such as Duron, M.A.B. Paints, Minwax, Krylon, Mautz Paint Co., Purdy, Bestt Liebco, Thompson's WaterSeal, H&C, Pratt & Lambert, Martin Senour, Dutch Boy, Easy Living, Weatherbeater.

On August 28, 2007 Sherwin Williams purchased Columbia Paint & Coatings. In late 2012, Sherwin Williams began the process of purchasing Comex 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.

Awards[edit]

A company store in Hillsboro, Oregon

STIR magazine has won several industry awards, including a 2005 FOLIO award for best design,[3] new custom publication, as well as a 2007 Pearl Award from the Custom Publishing Council for the best in custom Publishing category.[4]

On June 20, 2011, Computerworld named The Sherwin-Williams Company the #58 Best Place to Work in IT.[5]

Gray Drug[edit]

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

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) in recent years.

References[edit]

External links[edit]