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Sherwin-Williams Continues Buying Spree with Portugal Deal

9:24 AM MST | December 22, 2008 | Esther D’Amico

Sherwin-Williams (SW) has acquired Euronavy-Tintas Marítimas e Industriais (Lisbon), its 11th acquisition in the last 18 months. Terms were not disclosed. Euronavy will be integrated into SW’s global Protective & Marine Coatings division. The acquired business produces marine and protective coatings for ships, offshore platforms, storage tanks, as well as the steel, concrete, and flooring markets. Euronavy has 40 employees and generates sales of less than $25 million, SW says. Euronavy became the first company worldwide to receive approval for a...

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