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Wattyl is an Australian-based company that specialises in the manufacturing and marketing of architectural and decorative paints and special purpose and protective coatings. The company currently operates in Australia and New Zealand where it is the second largest brand in the architectural and decorative paints market after Dulux.

Australia Country in Oceania

Australia, officially the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands. It is the largest country in Oceania and the world's sixth-largest country by total area. The neighbouring countries are Papua New Guinea, Indonesia, and East Timor to the north; the Solomon Islands and Vanuatu to the north-east; and New Zealand to the south-east. The population of 25 million is highly urbanised and heavily concentrated on the eastern seaboard. Australia's capital is Canberra, and its largest city is Sydney. The country's other major metropolitan areas are Melbourne, Brisbane, Perth, and Adelaide.

New Zealand Country in Oceania

New Zealand is a sovereign island country in the southwestern Pacific Ocean. The country geographically comprises two main landmasses—the North Island, and the South Island —and around 600 smaller islands. New Zealand is situated some 2,000 kilometres (1,200 mi) east of Australia across the Tasman Sea and roughly 1,000 kilometres (600 mi) south of the Pacific island areas of New Caledonia, Fiji, and Tonga. Because of its remoteness, it was one of the last lands to be settled by humans. During its long period of isolation, New Zealand developed a distinct biodiversity of animal, fungal, and plant life. The country's varied topography and its sharp mountain peaks, such as the Southern Alps, owe much to the tectonic uplift of land and volcanic eruptions. New Zealand's capital city is Wellington, while its most populous city is Auckland.

Dulux brand of paint

Dulux is an internationally available brand of architectural paint. The brand name Dulux has been used by both Imperial Chemical Industries (ICI) and DuPont since 1931 and was one of the first alkyd-based paints. It is produced by AkzoNobel although the United States markets are now served by PPG Industries.

Wattyl was listed on the Australian Stock Exchange (ASX) in 1959, trades under the code WYL and is in the S&P/ASX 300 Index. Wattyl currently employs over 1500 people in Australia and New Zealand. On 25 May 2010, it was announced that the American company, Valspar, was in talks to buy out Wattyl. This deal was finalized in late June 2010, this deal valued the company at $142 million. [1]

The Valspar Corporation is a manufacturer of paint and coatings based in Minneapolis, Minnesota, U.S. With over 11,000 employees in 25 countries and a company history that spanned two centuries, it was the sixth largest paint and coating corporation in the world. Valspar was founded in 1806 as a paint dealership in Boston, Massachusetts. The Valspar name emerged in 1903 as the name of a clear varnish and became the company name in 1932.

Wattyl was delisted from the Australian Stock Exchange on the 22/09/2010 following the completion of the scheme of arrangement whereby all the Company's shares were acquired by The Valspar (Australia) Paint Acquisition Pty Limited. [2]

Wattyl was the first Australian manufacturer of two pot polyurethanes for the DIY market and a very successful marketing campaign during the 1960s and 1970s led to the brand name Estapol becoming the Australian term for the DIY clear finishing of domestic timber surfaces with one or two pot polyurethane finishes.

The Wattyl range of products include the brands Granosite, Solagard, Estapol and Killrust.

Wattyl is the current main sponsor of the Lake Taupo Cycle Challenge event in New Zealand.

Lake Taupo Cycle Challenge

The Lake Taupo Cycle Challenge is New Zealand's largest mass participation cycling event. First held in 1977, it takes place on the last Saturday of each November and circumnavigates Lake Taupo, a volcanic crater lake in the centre of the North Island. The ride starts and finishes in Taupo with one full circuit being approximately 160 km. Around 7,000 riders take part each year.

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The S&P/ASX 200 index is a market-capitalization weighted and float-adjusted stock market index of stocks listed on the Australian Securities Exchange. The index is maintained by Standard & Poor's and is considered the benchmark for Australian equity performance. It is based on the 200 largest ASX listed stocks, which together account for about 82% of Australia’s sharemarket capitalisation.

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