Durability + Design
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram Visit the TPC Store
Search the site

 

D+D News

Main News Page


Obituary: Angus Wurtele, Valspar CEO

Wednesday, September 20, 2017

More items for Good Technical Practice

Comment | More

C. Angus Wurtele, Valspar's former CEO who built the company up over the course of his career, died earlier this month at age 83.

Wurtele became known as both an important figure in the paint industry and a philanthropist in the Twin Cities of Minneapolis and St. Paul over his decades in the business. He went to work at Minnesota Paints in 1961 at age 27, first working in industrial sales, and took the position of president and CEO in 1965; his father had previously served in both positions.

Corporate Growth

At Minnesota, Wurtele began a series of acquisitions aimed at growing the $7 million, privately held company: The firm bought W.H. Sweeney, then the Rev line of agricultural coatings from Mobil Chemical. In 1968, Minnesota bought Sun Chemical Company’s Industrial Coatings business.

C. Angus Wurtele
Archival Valspar images

C. Angus Wurtele led Minnesota Paints through the 1960s, then helmed Valspar beginning in 1974 after the two companies merged.

In 1970, Minnesota Paints, now bringing in $24 million in annual sales, merged with the slightly larger Valspar, with the new company’s headquarters moving to Minneapolis.

Wurtele became CEO of Valspar in 1973, and during his tenure, Valspar shifted from a company primarily concerned with consumer paints to one with a major stake in the industrial and protective coatings industry. In 1984, the company acquired Mobil’s chemical coatings business; in 1987, Valspar bought Enterprise Paint Companies, and in 1990, it added coil and extrusion coatings units acquired from DeSoto Inc.

Throughout the 1990s, Wurtele began to wind down his involvement with the company, with Richard Rompala taking over as president in 1994, and CEO in 1995. Wurtele remained chairman until 1998, and stepped down from the Valspar board completely in 2000 at the age of 66.

The Sherwin-Williams Company acquired Valspar earlier this year in a blockbuster $11.3 billion deal. In its final full fiscal year as a publicly traded company, Valspar reported $4.19 billion in net sales.

Achievements

Wurtele spent 30 years on the board of Valspar, including 25 as chairman, in addition to his eight years with Minnesota Paints prior to the two firms’ merger. He oversaw the growth of his company from the $7 million privately owned Minnesota Paints in 1962 to the multibillion-dollar Valspar at the time of his retirement. In 1996, he was named Executive of the Year by Corporate Report Minnesota.

Angus Wurtele (right)

Wurtele (right) expanded Valspar's industrial and protective coating offerings through a series of acquisitions in the 1980s.

He also served on corporate boards including packaging firm Bemis Company Inc. and American Express AXP Mutual Funds Group. Wurtele was known in the Twin Cities as a philanthropist; he and wife Margaret gave millions to local causes including the Walker Art Center, Minnesota Center for Environmental Advocacy and Minnesota Public Radio, as well as Angus’ alma mater, Yale University.

Wurtele was a Navy veteran, and earned his MBA from Stanford before returning to the family business.

In his retirement, Wurtele owned and operated Terra Valentine Winery, in California, with his wife. He is survived by Margaret, along with two sons, a daughter and two granddaughters.

   

Tagged categories: Obituaries; Personnel; Valspar

Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
Keim Mineral Coatings
 
Mineral Silicate Paints + Stains Fuse to Concrete
 
• Forms permanent chemical bonds
• Becomes part of the concrete
• Will never peel
• Looks completely natural
 

 
Novatek Corporation
 
Novatek Portable Air Filtration Systems
 
Air Scrubbers/Negative Air machines for restoration, abatement, dust & odor control, hazardous contaminant removal from job sites to clean rooms and hospitals. Portable, affordable!
 

 
Shield Industries, Inc
 
FireGuard® E-84 Intumescent Coating - Shield Industries, Inc
 
Trust the certified protection of the industry’s most innovative intumescent coating FireGuard® E-84 to provide you with the 1 and 2 hour fire ratings you need.
 

 
 
 

Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@durabilityanddesign.com


The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 

© Copyright 2012-2018, Technology Publishing Co., All rights reserved