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Valspar Composites Acquires Texas Facility for Gelcoat Production

04 November 2005

The Valspar Composites group are to take ownership of the Valspar Grand Prairie facility in Texas in 2006 for producing Gelocats.

The existing Automotive paint product lines currently produced at Grand Prairie will be transferring to Picayaune (Mississippi). The centralization of Automotive Paint production into Picayaune will occur by Qtr 3 of 2006. The Picayaune facility will be expanded to accommodate this extra production.

The Composites group will expand Grand Prairie and start Gelcoat production in Grand Prairie in Qtr 2 of 2006, with additional volume ramping up during 2nd half of the year. The Grand Prairie facility will be utilized to service Composites current and future customers in the South and South East markets.

The Mirror and Digital product lines will remain in Grand Prairie and are not affected by the transition.

“We are extremely pleased to add the Grand Prairie facility into our Composites group”, says Rob Laubscher- General Manager. “This is an excellent production facility, with a strong tradition of safety, quality and service backed up by great people. The site is a good fit for our Operational needs and is well located to accommodate our current and future customers. This Texas location complements our existing facilities - in Indiana, Southern California and Ontario(Canada) – giving us complete coverage across North America.”

The Grand Prairie site will also include Technical and Customer Service capabilities and will become headquarters for the Composites business.






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