Valspar Inactive 10-K2015 FY Annual report

Filed: 18 Dec 15, 12:00am

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New words: adapt, advantage, anchored, appeal, Appendix, arranged, assertion, backed, Black, BRL, case, cease, cliff, CNY, coating, conserve, David, Decker, deferral, divested, EPS, EUR, excellent, fewer, GBP, impossible, improper, incomplete, influence, irrevocable, laboratory, lifetime, loan, Lumley, MATRIX, mitigate, MN, MXN, MYR, network, notice, occurrence, pace, PASCOL, power, properly, proposition, provisional, Quest, rabbi, repaid, repayment, requisite, reversal, SEC, shop, straight, Street, sustained, target, Temper, True, typically, USC, warranty, worldwide

Removed: announced, Anthony, Arnold, Avenue, backstopped, Blaine, challenging, chemical, closely, commenced, Cynthia, efficient, examination, exited, focused, foster, gelcoat, housing, metric, predetermined, rationalization, rationalized, reinvested, residential, science, sooner, store, Sun, unfavorable, UV, weak

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Exhibit 21.1

Subsidiaries of The Valspar Corporation

The following are the significant subsidiaries of The Valspar Corporation. Where the name of the subsidiary includes the “Valspar” name, that subsidiary does business under the Valspar corporate name:




		Place of Incorporation
Engineered Polymer Solutions, Inc. (engaged in the manufacture and sale of paints, coatings, polymers and colorants itself and through 2 foreign subsidiaries)		Delaware
Plasti-Kote Co., Inc.		Ohio
Valspar Coatings Finance Corporation		Minnesota
Valspar Finance Corporation		Minnesota
Valspar Refinish, Inc.		Mississippi
Valspar Sourcing, Inc.		Minnesota
Valspar Specialty Paints, LLC		Delaware
Valspar Specialty Paints Holding Corp.		Delaware
Valspar Inc.		Canada
Valspar Mexicana, S.A. de C.V. (engaged in the manufacture and sale of paints and coatings itself and through 2 foreign subsidiaries)		Mexico
The Valspar Corporation Limitada		Brazil
Isocoat Tintas e Vernizes Limitada		Brazil
Valspar (Uruguay) Corporation S.A.		Uruguay
Valspar B.V. (engaged in the manufacture and sale of paints itself and through 1 foreign subsidiary)		The Netherlands
The Valspar (Nantes) Corporation, S.A.S.		France
The Valspar (France) Corporation, S.A.S.		France
Valspar Industries GmbH		Germany
The Valspar (Germany) GmbH		Germany
Plasti-kote Limited		United Kingdom
Quest Automotive Products UK Limited		United Kingdom
Quest UK Acquisition Ltd.		United Kingdom
Valspar Powder Coatings Limited		United Kingdom
The Valspar (UK) Corporation, Limited		United Kingdom
The Valspar (UK) Holding Corporation, Limited		United Kingdom
The Valspar (Switzerland) Corporation AG		Switzerland
The Valspar (Finland) Corporation Oy		Finland
The Valspar (Spain) Corporation S.R.L.		Spain
Inver S.p.A. (engaged in the manufacture and sale of coatings itself and through 10 foreign subsidiaries)		Italy
Valspar (India) Coatings Corporation Private Limited		India
Valspar (South Africa)(Pty) Limited		South Africa
The Valspar (South Africa) Corporation (Pty) Limited		South Africa
Valspar Rock Company Ltd.		Japan
The Valspar (Singapore) Corporation Pte Limited		Singapore
The Valspar (Malaysia) Corporation Sdn Bhd		Malaysia
The Valspar (Thailand) Corporation Limited		Thailand
The Valspar (Vietnam) Corporation Limited		Vietnam
The Valspar (Asia) Corporation Limited		Hong Kong
The Valspar (H.K.) Corporation Limited		Hong Kong
Hua Run Paints Holdings Company Limited		Hong Kong
Valspar (Asia) Paints Holdings Limited		Hong Kong
Valspar (Asia) Industrial Holdings Limited		Hong Kong
Valspar (Asia) Trading Holdings Limited		Hong Kong
Valspar (Asia) Operations Holdings Limited		Hong Kong
Huarun Trading (China) Co., Ltd.		Hong Kong
Valspar Hong Kong Holdings Limited		Hong Kong
Valspar (Shanghai) Management Co., Ltd.		PRC
Dongguan Lilly Paint Industries Limited		PRC
Guangdong Valspar Paints Manufacturing Company Limited		PRC
Guangdong Yuegang Dadi Paints Co. Ltd		PRC
Dongguan Huarun Paints Co., Ltd.		PRC
Foshan Shunde Yueda Chemical Trading Company Limited		PRC
Valspar Huarun Coatings (Guandong) Co. Ltd.		PRC
Valspar Coatings (Guangdong) Co., Ltd.		PRC
Valspar Coatings (Shanghai) Co., Ltd.		PRC
Valspar Coatings (Tianjin) Co., Ltd.		PRC
Valspar Yueda Coatings (Foshan) Co., Ltd		PRC
Valspar (Australia) Acquisition Corporation Pty Limited		Australia
Valspar (Australia) Holdings Pty Limited		Australia
The Valspar (Australia) Corporation Pty Limited		Australia
Valspar Paint Holdings (Australia) Pty Limited		Australia
Valspar Paint (Australia) Pty Ltd		Australia
Valspar Paint Services Pty Ltd		Australia
Valspar (WPC) Pty Ltd		Australia
Valspar Automotive Australia Pty Limited		Australia
Valspar Paint (NZ) Limited		New Zealand
The Valspar (New Zealand) Corporation, Ltd.		New Zealand

Subsidiaries not listed would not, if considered in the aggregate as a single subsidiary, constitute a significant subsidiary.

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