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Architectural Coatings. Doing Business with Us. Innovation Intellectual Property. Building Our Future. Focus Areas. In the s the company turned to product development to create growth. In the early s, it introduced both Kem-Tone paint, a fast-drying, water-based paint for interior home use, and the "Roller-Koater," a roll-on painting tool to replace the brush. By the end of the s, Sherwin-Williams' products were sold through 1, branch offices and nearly 33, dealers.
Despite record earnings and impressive growth, the cost of raw materials increased significantly, leading the percentage of profit per gallon to be the lowest in the firm's history. Although increased volume hid much of these costs, pressures from discount retailers, increased competition from other makers, and expenses related to modernizing the company's manufacturing, distribution, and research and development facilities, led to a downturn in the company's futures in the s.
The company also struggled against an unsuccessful takeover bid by Gulf Western. Breen assembled a management team which brought the then nearing bankruptcy company to 16 years of consecutive earnings improvement. Sales tripled and after-tax profits increased 36 times since Sherwin-Williams container and chemical businesses were divested in and , respectively. Gray Drug Stores was acquired for diversification in , but was sold to Rite-Aide in Although the company closed its Canal Rd.
These acquisitions helped place Sherwin-Williams in the top ten Northeast Ohio companies in , in terms of revenues. In , John G. Breen- who was architect of Sherwin-Williams' growth during his 20 years as head of the company- retired and was replaced by Christopher M.
Connor as chief executive. Chemical Industry. Leading paint and coatings companies worldwide by revenue Global paint and coatings industry market value Coatings and paints global market share by company As a Premium user you get access to the detailed source references and background information about this statistic. As a Premium user you get access to background information and details about the release of this statistic.
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Single Accounts Corporate Solutions Universities. Premium statistics. Read more. The United States had some 4, Sherwin-Williams paint stores as of , making it the country with the most retail locations of the company worldwide. In comparison, the number of Sherwin-Williams paint stores in South America stood at You need a Single Account for unlimited access.
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