Sherwin-Williams To Acquire Italian Wood Coatings Company Industria Chimica Adriatica S.P.A.
Acquiring Company
Sherwin Williams
Acquired Company
Industria Chimica Adriatica S.p
ClevelandManufacturingAutomotiveDescription
The Sherwin-Williams Company (NYSE: SHW) today announced an agreement to acquire Industria Chimica Adriatica S.p.A. (ICA), an Italian designer, manufacturer and distributor of industrial wood coatings used for kitchen cabinets, furniture and décor, building products, flooring and other specialty applications. The acquired business has annual sales of more than €150 million, with sales and operations globally, including production facilities in Italy and Poland, and ICA's interest in the India-based joint venture, ICA Pidilite. ICA has approximately 600 employees and will become part of the Sherwin-Williams Performance Coatings Group operating segment. The transaction is expected to close by the end of 2022.
Quick answer
Sherwin Williams is acquiring Industria Chimica Adriatica S.p, announced October 11, 2022. Sherwin Williams is based in Cleveland, Ohio, United States.
- How much did Sherwin Williams pay for Industria Chimica Adriatica S.p?
- The deal value was not disclosed.
- What does Sherwin Williams do?
- Sherwin-Williams is a global leader in paints and coatings.
- Where are Sherwin Williams and Industria Chimica Adriatica S.p based?
- Sherwin Williams is based in Cleveland, Ohio, United States.
- Who are the decision-makers at Sherwin Williams?
- Fundz holds 2 contacts at Sherwin Williams. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Industria Chimica Adriatica S.p?
Industria Chimica Adriatica S.p was acquired by Sherwin Williams, based in Cleveland. The deal was reported on October 11, 2022. Sherwin-Williams is a global leader in paints and coatings. It offers innovative solutions that cater to various industries including automotive and consumer brands. Sherwin Williams is publicly traded (SHW) and operates in Manufacturing.
When did Sherwin Williams acquire Industria Chimica Adriatica S.p?
Sherwin Williams's acquisition of Industria Chimica Adriatica S.p was reported on October 11, 2022. The Sherwin-Williams Company (NYSE: SHW) today announced an agreement to acquire Industria Chimica Adriatica S.p.A. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Industria Chimica Adriatica S.p do?
For decades, ICA has been working to supply its clients with an exceptionally reliable range of high-quality coatings. It is privately held.
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