Sherwin-Williams buys Sika’s coatings segment

The Sherwin-Williams Company announced it has completed its acquisition of the European industrial coatings business of Sika AG. The acquired business will become part of the company’s performance coatings group operating segment. Approximately 115 Sika employees will join Sherwin-Williams.

“This business brings us unique technology and additional manufacturing and services capabilities in line with our strategy of acquiring complementary, high-quality, differentiated businesses that support our growth and profitability targets,” said John G. Morikis, chairman and CEO of Sherwin-Williams.

Sika’s European industrial coating business manufactures and sells corrosion protection coating systems, said the company, for high value interior and exterior steel infrastructure, bridges, airport and rail, wind and energy, chemicals, power transmission, interior linings for oil and gas tanks, vessels, and pipework, and water and wastewater applications, along with fire protection coating systems to protect and preserve steel, wood and concrete building components. 

“The combination of customer focus, talented employees and similar cultures creates exciting prospects for continued growth and success throughout Europe and other regions across the world,” said Morikis.

Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of paint, coatings and related products to professional, industrial, commercial, and retail customers.