InvestSMART

Mixed picture for paint

UNITED States paint giant Valspar, which last year bought leading Australian paint brand Wattyl for $142 million, has reported strong sales for its paint range at Woolworths' new hardware outlet Masters, but has warned that a soft local housing market had dented volume expectations.

UNITED States paint giant Valspar, which last year bought leading Australian paint brand Wattyl for $142 million, has reported strong sales for its paint range at Woolworths' new hardware outlet Masters, but has warned that a soft local housing market had dented volume expectations.

It is believed Valspar's sales in Australia have suffered since the launch of Masters with its Wattyl range delisted from hardware rival Bunnings with more shelf space given to paint brands Dulux and Taubman's.


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