Profile: Sherwin-Williams Co (SHW.N)

SHW.N on New York Stock Exchange

285.91USD
4 Mar 2015
Change (% chg)

$-0.02 (-0.01%)
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$285.93
Open
$284.87
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$288.26
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$283.26
Volume
106,986
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123,734
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$291.26
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$188.25

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The Sherwin-Williams Company (Sherwin-Williams), incorporated on July 16, 1884, is engaged in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers in North and South America with additional operations in the Caribbean region, Europe and Asia. The Company has four operating segments: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. The Paint Stores Group markets and sells architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items. The Consumer Group develops, manufactures and distributes a variety of paint, coatings and related products to third party customers. The Global Finishes Group develops, licenses, manufactures, distributes and sells a variety of protective and marine products, automotive finishes and refinished products, OEM product finishes and related products. Latin America Coatings Group meets the demands of its customers for consistent regional product development, manufacturing and distribution presence and approach to doing business.

Paint Stores Group

The Paint Stores Group consisted of approximately 3,908 company-operated specialty paint stores in the United States, Canada, Puerto Rico, Virgin Islands, Trinidad and Tobago, St. Maarten, Jamaica, Curacao and Aruba as of December 31, 2013. Each store in this segment is engaged in marketing and selling Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items to end-use customers. These products are produced by manufacturing facilities in the Consumer Group. As of 2013, this segment acquired 306 stores (226 in the United States and 80 in Canada) and opened 82 net new stores, consisting of 86 new stores opened (75 in the United States, 6 in Canada, 2 in Puerto Rico, 2 in Trinidad and 1 in Jamaica) and 4 stores closed in the United States. The trade names used by this segment are Sherwin-Williams, ProMar, SuperPaint, A-100, Duron, MAB, PrepRite, Duration, Duration Home, ProGreen, Harmony, ProClassic, Woodscapes, Deckscapes, Cashmere, HGTV ,Solo, ProPark, Frazee, Kwal and General Paint.

Consumer Group

This segment develops, manufactures and distributes a variety of paint, coatings and related products to third party customers in the United States and Canada and the Paint Stores Group. Approximately 64% of the total sales of the Consumer Group in 2013 were intersegment transfers of products sold through the Paint Stores Group. Sales and marketing of certain controlled brand and private labeled products is performed by a direct sales staff. The products distributed through third party customers are intended for resale to the ultimate end-user of the product. The Consumer Group had sales to certain customers that, individually, may be a significant portion of the sales of the segment. The trade names used by this segment are Dutch Boy, Krylon, Minwax, Thompson’s WaterSeal, Pratt & Lambert, Martin Senour, H&C, White Lightning, Dupli-Color, Rubberset, Purdy, Bestt Liebco, Uniflex, VHT, Kool Seal, Snow Roof, Tri-Flow, Sprayon, DuraSeal, Geocel, Conco, Duckback, Superdeck and Mason's Select.

Global Finishes Group

The Global Finishes Group develops, licenses, manufactures, distributes and sells a variety of protective and marine products, automotive finishes and refinished products, OEM product finishes and related products in North and South America, Europe and Asia. This segment licenses certain technology and trade names worldwide. Sherwin-Williams and other controlled brand products are distributed through the Paint Stores Group and this segment’s 300 company-operated branches and by a direct sales staff and outside sales representatives to retailers, dealers, jobbers, licensees and other third party distributors. During 2013, this segment opened 2 new branches (1 in the United States and 1 in Canada) and closed 4 (2 in the United States and 2 in Canada) for a net decrease of 2 branches. As of December 31, 2013, the Global Finishes Group consisted of operations in the United States, subsidiaries in 34 foreign countries and income from licensing agreements in 16 foreign countries. The trade names used by this segment are Sherwin-Williams, Lazzuril, Excelo, Baco, Planet Color, Ultra-Cure, Martin Senour, Kem Aqua, Sher-Wood, Powdura, Polane, Euronavy, Inchem, Sayerlack, Becker Acroma, Firetex, Macropoxy, Acrolon, Sher-Nar, PermaClad, Heat-Flex, Genesis, Dimension and Envirolastic.

Latin America Coatings Group

The Latin America Coatings Group develops, licenses, manufactures, distributes and sells a variety of architectural paint and coatings, protective and marine products, OEM product finishes and related products in North and South America. Sherwin-Williams and other controlled brand products are distributed through this segment’s 282 company-operated stores and by a direct sales staff and outside sales representatives to retailers, dealers, licensees and other third party distributors. During 2013, this segment opened 14 new stores (12 in South America and 2 in Mexico) and closed 8 (7 in South America and 1 in Mexico) for a net increase of 6 stores. As of December 31, 2013, the Latin America Coatings Group consisted of operations from subsidiaries in 9 foreign countries, 4 foreign joint ventures and income from licensing agreements in 7 foreign countries. The trade names used by this segment are Sherwin-Williams, Marson, Metalatex, Novacor, Loxon, Colorgin, Andina, Martin Senour, Sumare, Condor, Euronavy, Krylon, Kem Tone, Minwax and Pratt & Lambert.

Company Address

Sherwin-Williams Co

101 W Prospect Ave
CLEVELAND   OH   44115-1093
P: +1216.5662200

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