Sherwin-Williams to Buy German Coatings Maker
June 09 2022 - 8:42AM
Dow Jones News
By Will Feuer
Sherwin-Williams Co. said it has agreed to buy Gross &
Perthun GmbH, a German manufacturer and distributor of coatings
mostly for the heavy equipment and transportation industries.
Gross & Perthun has about 100 employees and annual sales of
about $50 million, Sherwin-Williams said.
The deal is expected to close by the end of the third quarter of
2022. Financial terms of the deal weren't disclosed.
"The combination of our businesses provides multiple
opportunities to accelerate profitable growth throughout Europe and
beyond," Sherwin-Williams Chief Executive John Morikis said.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
June 09, 2022 08:27 ET (12:27 GMT)
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