Sherwin-Williams to acquire Gross & Perthun
The acquired business has approximately 100 employees and annual sales of approximately EUR 47 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.
“This high-quality business brings us innovative waterborne and solvent liquid coatings technology, leading specification and approval positions, strong relationships with multi-national and local customers, strategically located manufacturing, and an outstanding commercial and technical team focused on delivering innovative and value-added solutions,” said Sherwin-Williams Chairman and Chief Executive Officer, John G. Morikis. “The combination of our businesses provides multiple opportunities to accelerate profitable growth throughout Europe and beyond.”