Sherwin-Williams buys European coatings business, adding more manufacturing capability


CLEVELAND, Ohio — Sherwin-Williams concluded its buy of a European corporation, incorporating manufacturing and much more products and solutions to its footprint.

The firm introduced not long ago that it finished its acquisitions of Sika AG, an industrial coatings company headquartered in Switzerland with product sales in Poland, Austria and Germany. It 1st introduced its programs for the invest in in August 2021.

About 115 Sika workers will be a part of Sherwin-Williams, according to a new launch. Sika AG makes and sells corrosion defense coatings units for steel infrastructure applied on bridges, in airports and railroads, electricity transmissions on lots of other industries. It also would make hearth defense coatings.

Sika AG experienced the equivalent of about $82 million in income in 2020.

“This organization delivers us distinctive engineering and more producing and providers capabilities in line with our tactic of buying complementary, high-high-quality, differentiated businesses that aid our advancement and profitability targets,” explained Sherwin-Williams Chairman and Main Govt Officer, John G. Morikis in a information release.

Sherwin-Williams, headquartered in Cleveland, is a worldwide paint and coatings business enterprise that owns models like Valspar, Minwax and Krylon alongside with its have Sherwin-Williams paint. It employs about 60,000 folks and has profits in 120 nations all-around the globe.


Supply backlink