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Markets :: Specialty Chemicals :: Paints and Coatings

Sherwin-Williams Buys Arch Chemicals' Italian Industrial Wood Coatings Unit

Deal Expands SW's Global Operations

12:09 AM MST | February 19, 2010 | Kerri Walsh

 Sherwin-Williams (SW) has agreed to buy Arch Chemicals' industrial wood coatings business for €40 million ($54 million) in cash. The purchase will strengthen SW's global operations. Arch's industrial wood coatings business trades under the Sayerlack brand, and is headquartered in Pianoro, Italy. The business reported sales of $147 million last year, and will join SW's global chemical coatings division.  Sayerlack operates manufacturing sites in Italy, North America, Spain, and the U.K. The business's product line includes...

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