|This article relies on references to primary sources. (January 2008)|
|This article needs additional citations for verification. (January 2008)|
|Traded as||NYSE: SHW
S&P 500 Component
|Industry||General building materials|
|Headquarters||Cleveland, OH, U.S.|
|Key people||Christopher M. Connor Chairman, CEO
John G. Morikis COO
Sean Hennessy CFO
|Revenue||US$ 10.185 Billion (FY 2013)|
|Operating income||US$ 1.085 billion (FY 2013)|
|Net income||US$ 752.561 Million (FY 2013)|
|Total assets||US$ 6.382 billion (FY 2013)|
|Total equity||US$ 1.774 billion (FY 2013)|
|Employees||37,633 (Dec 2013)|
|Subsidiaries||Dutch Boy Paint
Pratt & Lambert Paint
Columbia Paint & Coatings
Easy Living (Sears)
Best known for its line of high quality interior and exterior paints, 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.
Founded by Henry Sherwin and Edward Williams 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.
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.
Sherwin-Williams Automotive Finishes
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
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.
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 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.
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.
Between 1981 and 1987, Sherwin-Williams owned Gray Drug.
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.
- THE SHERWIN-WILLIAMS COMPANY Form 10-K, Securities and Exchanges Commision, February 27, 2014
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