{"id":3736,"date":"2014-04-24T09:51:48","date_gmt":"2014-04-24T09:51:48","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/?p=3736"},"modified":"2014-04-24T09:51:48","modified_gmt":"2014-04-24T09:51:48","slug":"company-snapshot-the-sherwin-williams-co-stops-short-of-mexico","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2014\/04\/company-snapshot-the-sherwin-williams-co-stops-short-of-mexico\/","title":{"rendered":"Company Snapshot: The Sherwin-Williams Co. Stops Short of Mexico"},"content":{"rendered":"

Address:<\/strong>
\n101 W Prospect Ave
\nCleveland, OH 44115-1075<\/p>\n

Telephone:<\/strong>
\n216 566-2000<\/p>\n

Internet Homepage:<\/strong>
\nhttp:\/\/www.sherwin-williams.com<\/a><\/p>\n

Year founded:<\/strong>
\n1866<\/p>\n

Total Stores:<\/strong>
\n3,908<\/p>\n

Total Annual Sales:<\/strong>
\n$6,002,143,000<\/p>\n

Senior Executive:<\/strong>
\nChristopher M. Connor- Chairman and CEO
\nRobert J. Davisson- President (Paint Stores Group)<\/p>\n

 <\/p>\n

The Sherwin-Williams Co. proudly dates it founding heritage back to 1866, just after the Civil War ended.\u00a0 Founders Henry Sherwin and Edward Williams joined forces with a number of associates to begin the company through what has become its paint stores segment.<\/p>\n

Through the years, the company has continuously grown aggressively, either through acquisitions, mostly of regional chains, or through organic openings.\u00a0 Continuing to apply these expansion measures in recent years, the company has increased its store count throughout the industry crippling recession years, though in some years netting as few as eight additional locations.\u00a0 Not surprisingly, this low point occurred during 2009.<\/p>\n

2013 started as a promising and possibly landmark year, as Sherwin-Williams negotiated the acquisition of the paint store properties of Mexican giant Comex.\u00a0 Years back, Comex had acquired the holdings of Professional Paints, which consisted of several prominent regional paint retailers in the western United States and Canada.\u00a0 Here Sherwin-Williams was negotiating to acquire these chains as well as Comex\u2019s Mexican retail paint holdings.<\/p>\n

The US purchase went through without a hitch.\u00a0 However, the acquisition of the Mexican retail group was denied by the Mexican version of the Federal Trade Association.\u00a0 Though Sherwin-Williams vigorously appealed the ruling, they were ultimately denied.<\/p>\n

This latest US acquisition should serve to add to the company\u2019s growing dominance of American paint specialty store market.\u00a0 One must wonder how the prestige of the company might have soared if the Mexican acquisition had gone through.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Address: 101 W Prospect Ave Cleveland, OH 44115-1075 Telephone: 216 566-2000 Internet Homepage: http:\/\/www.sherwin-williams.com Year founded: 1866 Total Stores: 3,908 Total Annual Sales: $6,002,143,000 Senior Executive: Christopher M. Connor- Chairman and CEO Robert J. Davisson- President (Paint Stores Group)   The Sherwin-Williams Co. proudly dates it founding heritage back to 1866, just after the Civil… Continue reading Company Snapshot: The Sherwin-Williams Co. Stops Short of Mexico<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10],"tags":[15],"class_list":["post-3736","post","type-post","status-publish","format-standard","hentry","category-home-hardware","tag-snapshot","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/3736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=3736"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/3736\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=3736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=3736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=3736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}