The Valspar Corporation is an American international manufacturer of paint and coatings based in Minneapolis, Minnesota, U.S. With nearly 10,000 employees in 25 countries and a company history that spans over two centuries long, it is the sixth largest paint and coating corporation in the world. The 200+ year old Valspar was founded in 1806 as a paint dealership in Boston, Massachusetts. The Valspar name emerged in 1903 as a new clear varnish, and became the company name in 1932. On March 21, 2016 it was announced that Sherwin-Williams, wanted to pay $9.3 billion to acquire Valspar. The acquisition is pending and will likely close in early 2017.