Utilize the input text as a context reference, choose the right relationship between Valspar and Sherwin-Williams from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

The key players in the Wood Coatings Market in Europe are Akzo Nobel DAW Jotun PPG Industries Sniezka Tikkurila Oyj and Valspar while other prominent vendors include Benjamin Moore Drywood Coatings Feyco Treffert Helios ICA Group IVM Chemicals KAPCI Coatings Renner RPM International Sherwin-Williams Sirca and Weilburger Coatings

Answer: owned_by