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Sherwin-Williams To Acquire Industrial Coatings Company, Gross & Perthun GmbH; Terms Not Disclosed

CLEVELAND, June 9, 2022 /PRNewswire/ -- The Sherwin-Williams Company (NYSE:SHW) today announced an agreement to acquire Gross & Perthun GmbH, a Mannheim, Germany based developer, manufacturer, and

Benzinga · 06/09/2022 08:04

CLEVELAND, June 9, 2022 /PRNewswire/ -- The Sherwin-Williams Company (NYSE:SHW) today announced an agreement to acquire Gross & Perthun GmbH, a Mannheim, Germany based developer, manufacturer, and distributor of coatings primarily for the heavy equipment and transportation industries. The acquired business has approximately 100 employees and annual sales of approximately $50 million, and will become part of the Sherwin-Williams Performance Coatings Group reportable segment. The transaction is expected to close by the end of the third quarter of 2022.