Exhibit 31.1

SECTION 302 CERTIFICATION

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|I, Gary E.
 Hendrickson, certify that:
|                                       |                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                 
|1.                                     | I have
 reviewed this quarterly report on Form 10-Q of The Valspar Corporation;                                                                                                                                                                                                                                                            
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|2.                                     | Based on my
 knowledge, this report does not contain any untrue statement of a material
 fact or omit to state a material fact necessary to make the statements made,
 in light of the circumstances under which such statements were made, not
 misleading with respect to the period covered by this report;                             
|                                       |                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                 
|3.                                     | Based on my knowledge, the financial statements, and other financial
 information included in this report, fairly present in all material respects
 the financial condition, results of operations and cash flows of the
 registrant as of, and for, the periods presented in this report;                                                 
|                                       |                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                 
|4.                                     | The registrants other certifying officer(s) and I are responsible
 for establishing and maintaining disclosure controls and procedures (as
 defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control
 over financial reporting (as defined in Exchange Act Rules 13a-15(f) and
 15d-15(f)) for the registrant and have:
|                                       |                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                 
|                                       |                                                                                                                                                                                                                                                                                                                                             | (a) Designed such disclosure controls and procedures, or caused such
 disclosure controls and procedures to be designed under our supervision, to
 ensure that material information relating to the registrant, including its
 consolidated subsidiaries, is made known to us by others within those
 entities, particularly during the period in which this report is being
 prepared;         
|                                       |                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                 
|                                       |                                                                                                                                                                                                                                                                                                                                             | (b) Designed such internal control over financial reporting, or
 caused such internal control over financial reporting to be designed under
 our supervision, to provide reasonable assurance regarding the reliability of
 financial reporting and the preparation of financial statements for external
 purposes in accordance with generally accepted accounting principles;                 
|                                       |                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                 
|                                       |                                                                                                                                                                                                                                                                                                                                             | (c) Evaluated the effectiveness of the registrants disclosure
 controls and procedures and presented in this report our conclusions about
 the effectiveness of the disclosure controls and procedures, as of the end of
 the period covered by this report based on such evaluation; and                                                                                                      
|                                       |                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                 
|                                       |                                                                                                                                                                                                                                                                                                                                             | (d) Disclosed in this report any change in the registrants internal
 control over financial reporting that occurred during the registrants most
 recent fiscal quarter (the registrants fourth fiscal quarter in the case of
 an annual report) that has materially affected, or is reasonably likely to
 materially affect, the registrants internal control over financial
 reporting; and
|                                       |                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                 
|5.                                     | The registrants other certifying officer(s) and I have disclosed,
 based on our most recent evaluation of internal control over financial
 reporting, to the registrants auditors and the audit committee of the
 registrants board of directors (or persons performing the equivalent functions):                                      
|                                       |                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                 
|                                       |                                                                                                                                                                                                                                                                                                                                             | (a) All significant deficiencies and material weaknesses in the
 design or operation of internal control over financial reporting which are
 reasonably likely to adversely affect the registrants ability to record,
 process, summarize and report financial information; and                                                                                                                
|                                       |                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                 
|                                       |                                                                                                                                                                                                                                                                                                                                             | (b) Any fraud, whether or not material, that involves management or
 other employees who have a significant role in the registrants internal
 control over financial reporting.                                                                                                                                                                                                                

|                    |                                        | 
|------------------- | -------------------------------------- | 
|Date: June
 8, 2011 | /s/Gary E.
 Hendrickson                | 
|                    | Gary E.
 Hendrickson                   | 
|                    | President
 and Chief Executive Officer | 

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