DEC-04-2006

Valspar Completes Acquisition of H.B. Fuller Company’s Powder Coatings Business

MINNEAPOLIS, December 1, 2006 - The Valspar Corporation (NYSE - VAL), a leading global coatings company, announced today that it has completed the previously announced acquisition of the powder coatings business of H.B. Fuller Company (NYSE - FUL). Terms of the transaction were not disclosed.

Valspar is a $3.0 billion global leader in the paint and coatings industry, with a broad range of products, including industrial, architectural, packaging, automotive refinish and floor coatings, and specialty polymers and colorants.

Valspar shares are traded on the New York Stock Exchange under the symbol VAL. Valspar news releases and other information are on Valspar's website (www.valspar.com).

For further information, contact Lori A. Walker, Vice President, Treasurer and Controller of Valspar at 612-375-7350.