United States. Paint and coatings manufacturer Valspar has completed the acquisition of Inver Holding (Inver Group), a European industrial manufacturer.
The company, with approximate 2012 sales of 160 million euros (US$200 million), specializes in powder and liquid coatings and resin products that are used in a variety of industrial applications such as off-road equipment, auto parts, architectural aluminum sales, trams, among others.
Gary Hendrickson, President and Chief Executive Officer of Valspar, announced that Mr. Giovanni Domenichini, CEO of Inver, will lead the business in Europe.
