The company will develop and manufacture a portfolio of interior and exterior paints for more than 3,500 Walmart stores nationwide. This agreement builds on the existing relationship with Walmart, the world’s largest retailer, for paints in Puerto Rico and Canada, and with Liquid Nails® adhesives in the United States.
“This is an excellent opportunity for us to work with Walmart and offer their customers an exciting new in-store program,” said Tex Gunning, the AkzoNobel Board member responsible for Decorative Paints. “This is a landmark deal which will significantly boost our market share in the US and contribute to further enhancing the value of our Glidden™ brand there.”
Walmart will begin the transition to AkzoNobel early next year.
AkzoNobel Decorative Paints in the Americas (Canada, US and Latin America) currently employs around 7,200 people and generates revenue of close to €1.5 billion. It operates eight paint manufacturing and distribution sites in the US and a global research and development center in Strongsville, Ohio. The portfolio consists of architectural coatings and wood care products, as well as adhesives and caulks.