MOORESVILLE, N.C., Feb. 28, 2018 /PRNewswire/ -- Lowe's Companies,
Inc. (NYSE: LOW) and The Sherwin-Williams Company (NYSE: SHW) are
pleased to announce today an expanded partnership to improve the
customer experience across the entire paint project. Lowe's will
become the only nationwide home center to offer top selling stain
brands – Minwax®, Cabot® and Thompson's® Water Seal® – as well as the top
paintbrush brand, Purdy® and industry-leading spray paint,
Krylon®.
Lowe's will introduce Krylon® spray paint in its fiscal first
quarter and add new paint, stain and applicator programs over the
course of the year.
Additionally, The Sherwin-Williams Company will become the only
nationwide supplier to Lowe's U.S. retail outlets for interior and
exterior paints, including Valspar® and HGTV Home® by
Sherwin-Williams brands.
"Sherwin-Williams is one of the most recognized brands for paint
and highly respected for quality products by both do-it-yourselfers
and professional customers. Sherwin-Williams' family of brands is
among some of America's most trusted," said Michael P. McDermott, Lowe's chief customer
officer. "We are proud to expand the partnership and bring
customers more of the industry's top brands for their next paint
project."
The expanded partnership builds on the strong, long-standing
relationship between Lowe's and the Valspar Corporation since 1971,
which launched the Valspar paint brand at Lowe's in 2007. Lowe's
and Sherwin-Williams launched HGTV Home by Sherwin-Williams at
Lowe's in 2015.
"We are excited to expand the partnership with Lowe's to deliver
a simplified paint and stain line that is designed to make it
easier for customers to buy and associates to sell," said
Aaron Erter, President and General
Manager of Sherwin-Williams' Consumer Brands Division. "As paint
continues to reign as the #1 do-it-yourself project, we know this
expanded alliance will provide an improved experience that helps
make customers more confident when selecting a color, product and
applicator for their next paint or stain project."
Lowe's is also investing in its paint service model by rolling
out a new paint desk experience beginning this quarter, with plans
to complete the rollout nationwide in the second half of 2018.
Combined with the simplified line design across multiple
categories, the improved experience will also include an updated
product selector display and a simplified and streamlined service
model to make it even easier for customers to work with an
associate to find a color, pick a paint or stain and begin a
project.
About Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a
FORTUNE® 50 home improvement company serving more than 18 million
customers a week in the United
States, Canada and
Mexico. With fiscal year 2017
sales of $68.6 billion, Lowe's and
its related businesses operate or service more than 2,390 home
improvement and hardware stores and employ over 310,000 people.
Founded in 1946 and based in Mooresville,
N.C., Lowe's supports the communities it serves through
programs that focus on K-12 public education and community
improvement projects. For more information, visit Lowes.com.
About Sherwin-Williams Consumer Brands Group
The
Sherwin-Williams Company, founded in 1866, is the global leader in
the manufacture, development, distribution, and sale of paints,
coatings and related products to professional, industrial,
commercial, and retail customers. The Sherwin-Williams Consumer
Brands Group manufactures and distributes well-known brands such as
Valspar(R), HGTV HOME(R) by Sherwin-Williams, Dutch Boy(R),
Krylon(R), Minwax(R), Thompson's(R) Water Seal(R), Cabot(R),
Purdy(R) and many more.
With global headquarters in Cleveland,
Ohio, Sherwin-Williams Consumer Brands are sold through
leading mass merchandisers, home centers, independent paint
dealers, hardware stores, automotive retailers, and industrial
distributors.
Sherwin-Williams acquired The Valspar Corporation in 2017, and
the combined company generated pro forma 2016 revenues of
$15.8 billion
and employs approximately 60,000 associates worldwide. It
has a prominent market position in architectural paint in
North America, South America,
China, Australia and the UK.
Sherwin-Williams shares are traded on the New York Stock
Exchange (symbol: SHW). For more information,
visit www.sherwin.com.
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SOURCE Lowe's Companies, Inc.