Sherwin-Williams Completes Acquisition of Sika’s European Industrial Coatings Business
CLEVELAND — The Sherwin-Williams Co. 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 Sherwin-Williams Chairman and Chief Executive Officer, John G. Morikis. "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."