Sherwin-Williams Acquires BASF’s Suvinil Brazilian Architectural Paints Business for $1.15 Billion

Sherwin‑Williams Acquires Sika's European Industrial Coatings Business

April 1, 2022

Building Products

The Sherwin‑Williams Company completed its acquisition of the European industrial coatings business of Sika AG, which will join Sherwin‑Williams' Performance Coatings Group. The business is based in Germany (with sales/technical support in Poland, Austria and Switzerland), contributes approximately CHF 75 million in 2020 sales, and about 115 Sika employees will join Sherwin‑Williams.

Sherwin-Williams Acquires German Wood Coatings Business (Oskar Nolte & Klumpp Coatings)

November 8, 2022

Manufacturing

The Sherwin-Williams Company has agreed to acquire Specialized Industrial Coatings Holding (SIC Holding), a venture comprising German wood-coatings makers Oskar Nolte GmbH and Klumpp Coatings GmbH. The combined business (approximately 220 employees; >€91.5 million sales) will join Sherwin-Williams' Performance Coatings Group, with the transaction expected to close by early 2023 pending regulatory approvals.

Sherwin-Williams Acquires Gross & Perthun GmbH

June 9, 2022

Manufacturing

The Sherwin-Williams Company announced an agreement to acquire Gross & Perthun GmbH, a Mannheim, Germany–based developer, manufacturer and distributor of industrial coatings primarily serving the heavy equipment and transportation industries. Gross & Perthun has about 100 employees and roughly $50 million in annual sales; the business will become part of Sherwin-Williams' Performance Coatings Group and the transaction was expected to close by the end of Q3 2022.

Westlake Chemical Acquires Boral’s North American Building Products Businesses for $2.15 Billion

October 1, 2021

Building Products

Westlake Chemical Corporation agreed to acquire Boral Limited’s North American building products businesses covering roofing, siding/trim/shutters, decorative stone, and windows for $2.15 billion in an all-cash transaction. The deal was expected to close in the second half of 2021 and would nearly double Westlake’s building products business. A subsequent update says Westlake completed the acquisition.

True Value Company Acquires Yenkin-Majestic Consumer Paint Business (Majic)

March 14, 2022

Manufacturing

True Value Company has agreed to acquire the consumer paint business of The Yenkin-Majestic Paint Corporation, including architectural coatings sold under the Majic brand. The deal lets True Value deepen its retail paint portfolio and expand capabilities in agricultural and specialty coatings, while Yenkin-Majestic will focus resources on its polymers business.

PPG Completes Acquisition of Tikkurila

June 10, 2022

Manufacturing

PPG acquired Tikkurila, a leading Nordic paints and coatings company, completing the transaction in mid-2021. The deal expands PPG’s architectural coatings footprint across EMEA and China, strengthens distribution and cross-selling opportunities, and complements PPG’s sustainability strategy.