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

Gwen Catherine


CLEVELAND, Ohio — Sherwin-Williams completed its order of a European company, including production and far more goods to its footprint.

The corporation introduced just lately that it completed its acquisitions of Sika AG, an industrial coatings company headquartered in Switzerland with income in Poland, Austria and Germany. It initial announced its ideas for the order in August 2021.

About 115 Sika employees will join Sherwin-Williams, in accordance to a new release. Sika AG makes and sells corrosion security coatings techniques for steel infrastructure used on bridges, in airports and railroads, ability transmissions on lots of other industries. It also makes hearth defense coatings.

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

“This company provides us unique engineering and additional producing and providers capabilities in line with our method of getting complementary, substantial-good quality, differentiated businesses that support our progress and profitability targets,” mentioned Sherwin-Williams Chairman and Chief Government Officer, John G. Morikis in a news release.

Sherwin-Williams, headquartered in Cleveland, is a world paint and coatings enterprise that owns brand names like Valspar, Minwax and Krylon together with its have Sherwin-Williams paint. It employs about 60,000 people today and has profits in 120 nations around the world all-around the earth.


Resource link

Next Post

A Guide for Small Business

[ad_1] Running a business is hard But with a good referral program it doesn’t have to be As a small business owner you are probably thinking about helping your current customer or trying to figure out how to increase sales. But you’ve also got to think about increasing leads, and […]