It is now known as the John G. Breen Technology Center. Sources: Sherwin-Williams Co. See past posts of Sunday's numbers. Find other data with the Data Central index. Note to readers: if you purchase something through one of our affiliate links we may earn a commission. Sherwin-Williams built a linseed oil plant in Cleveland in ; bought lead, zinc, and copper mines in New Mexico in ; and built a smelter in Coffeyville, KS, shortly after. During this period, the company also opened its first Sherwin-Williams retail stores.
Along with the company's existing dealership network, this allowed the firm new avenues for its products. By the early s, the company was the largest manufacturer of coatings in the U. Thirty-six manufacturing plants, 90 warehouses, and 36 retail stores were owned and operated.
In the s the company turned to product development to create growth. In the early s, it introduced both Kem-Tone paint, a fast-drying, water-based paint for interior home use, and the "Roller-Koater," a roll-on painting tool to replace the brush. By the end of the s, Sherwin-Williams' products were sold through 1, branch offices and nearly 33, dealers.
Despite record earnings and impressive growth, the cost of raw materials increased significantly, leading the percentage of profit per gallon to be the lowest in the firm's history.
Although increased volume hid much of these costs, pressures from discount retailers, increased competition from other makers, and expenses related to modernizing the company's manufacturing, distribution, and research and development facilities, led to a downturn in the company's futures in the s.
The company also struggled against an unsuccessful takeover bid by Gulf Western. Breen assembled a management team which brought the then nearing bankruptcy company to 16 years of consecutive earnings improvement. Sales tripled and after-tax profits increased 36 times since Sherwin-Williams container and chemical businesses were divested in and , respectively.
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