Norwest. Independent owners concerned
More than 120 independent owners of Paint Place stores, Wattyl's preferred trade and retail outlets, fear their businesses wouldl be damaged if the US-based Valspar is successful in its $110 milion takeover bid for Wattyl, based at Norwest Business Park. They are concerned Valspar may supply the Lowe's and Woolworths big-box hardware store venture. There is an expectation that the new hardware chain will seek exclusive access to Wattyl's best brands, such as Solagard.
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