Sherwin-Williams to acquire Gross & Perthun
The Sherwin-Williams Company has announced an agreement to acquire Gross & Perthun, developer, manufacturer, and distributor of coatings primarily for the heavy equipment and transportation industries based in Mannheim, Germany.
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.
“Multiple opportunities”
“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.”
