Valspar Paint Colors: A Game-Changer for Ace Hardware

In a move that could significantly impact the paint industry, The Valspar Corporation has announced a long-term strategic supply agreement with Ace Hardware Corporation. As part of this deal, Valspar will manufacture and supply Ace-branded paints as well as produce Valspar-branded paints for 4000 Ace stores in the U.S.

This partnership marks an exciting development for both companies, as it allows them to leverage each other's strengths. For Ace Hardware, the agreement means access to Valspar's expertise in color, sales force, and competitively priced product assortment, which will enable them to expand their presence in the liquid paint market. At the same time, Valspar benefits from Ace's reputation as a trusted brand in the industry.

Valspar is no stranger to success, having reported fiscal 2012 sales of $4.02 billion, a 2% increase over the previous year. The company's adjusted earnings per share for the quarter ended October also exceeded expectations, demonstrating its ability to adapt and thrive in a competitive market.

In related news, Ace Hardware will retain ownership of its existing paint brand trademarks, including Clark+Kensington and Ace Paint. This means that customers can expect to see Valspar paints available at Ace stores starting in 2013. One popular product line set to debut is the MED EXT SAT TNT CLR 5GAL, a mildew-resistant coating with a rich satin sheen that dries quickly and cleans up easily.

The acquisition of Ace Hardware's paint manufacturing assets, including two facilities near Chicago, will also enable Valspar to improve the quality and performance of its paints. With this increased capacity, the company is poised for continued growth and success in the market.

In conclusion, the partnership between Valspar and Ace Hardware represents a major shift in the paint industry. By combining their strengths and resources, these two companies are well-positioned to dominate the liquid paint market and provide customers with high-quality products that meet their needs.

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