Friday, December 1, 2023

Sherwin-Williams to move Valspar to Greater Cleveland

The name “Valspar” was removed from its headquarters and research center
near downtown Minneapolis, replaced by Sherwin-Williams’ name several
years after the Cleveland-based company bought its rival in 2017. But now,
sources say that most if not all 700 of the former Valspar employees
 will be moved to Greater Greater Cleveland (Google).
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Within the next few years, Sherwin-Williams reportedly intends to relocate most, if not all of Valspar’s headquarters and research jobs, or up to 700 employees, from Minneapolis to Greater Cleveland, according to a highly placed source. Global coatings giant Sherwin-Williams acquired its former rival in 2017 for $11 billion, setting off a remarkable growth trajectory for both companies. That is resulting in the construction of a Downtown Cleveland office skyscraper, the gobbling up of more existing office space downtown, a new suburban research center and the start of planning for significant additional downtown office space.

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