Valspar to contribute $36 million to Habitat for Humanity

ATLANTA and MINNEAPOLIS, March 11, 2015 /PRNewswire-USNewswire/ -- The Valspar Corporation (NYSE: VAL) today announced a five-year pledge of $36 million in paint and funding to Habitat for Humanity. The pledge includes a $2 million contribution from the Valspar Corporation Foundation. Valspar donated more than $6 million in paint and $350,000 to support Habitat's affordable housing work in 2015, and anticipates maintaining this level of support through 2019.

"Valspar is proud to provide volunteers, paint and funding to assist Habitat affiliates with the construction, repair and rehabilitation of decent, safe and affordable housing," said Gary E. Hendrickson, Valspar CEO and Chairman. "Valspar's long-standing partnership with Habitat has helped transform and improve communities across this nation. Neighborhoods matter and we're on it."

Valspar is a driving force behind A Brush with Kindness, Habitat for Humanity's exterior home-preservation program transforming neighborhoods by painting home exteriors and providing minor repairs and landscaping in partnership with low-income, disabled and senior homeowners.

"We are deeply grateful for Valspar's level of commitment to Habitat and the families with whom we partner," said Jonathan Reckford, CEO of Habitat for Humanity International. "Valspar is a critical partner in our new construction and neighborhood revitalization efforts and enables us to help the growing numbers of families in need of affordable housing or home repairs. Their support is crucial as we seek to help families create or remain in the homes they love and breathe new life into their communities."

As Habitat's national paint partner, Valspar provided Habitat affiliates with 2.2 million gallons of paint through 2014, bringing total cash and paint donations to more than $60 million since 2002.

About Habitat for Humanity International

Habitat for Humanity International's vision is a world where everyone has a decent place to live. Anchored by the conviction that housing provides a path out of poverty, since 1976 Habitat has helped more than 5 million people through home construction, rehabilitation and repairs and by increasing access to improved shelter through products and services. Habitat also advocates to improve access to decent and affordable shelter and offers a variety of housing support services that enable families with limited means to make needed improvements on their homes as their time and resources allow. As a nonprofit Christian housing organization, Habitat works in more than 70 countries and welcomes people of all races, religions and nationalities to partner in its mission. To learn more, donate or volunteer, visit Habitat.org.

About Valspar

The Valspar Corporation (NYSE: VAL) is a global leader in the paint and coatings industry with over 10,500 employees in more than 25 countries. Since 1806, Valspar has been dedicated to bringing customers the latest innovations, the finest quality and the best customer service in the coatings industry. For more information, visit www.valspar.com.  

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SOURCE Habitat for Humanity International

Related Links

http://www.habitat.org