Sherwin-Williams Completes Acquisition of BASF’s Brazilian Architectural Paints Business
Sherwin-Williams has completed its acquisition of BASF’s Brazilian architectural paints business following the companies’ February agreement and subsequent regulatory approvals.
The acquired business operates under the Suvinil and Glasu! brands and develops, manufactures and sells architectural paints for professional painters, designers, architects, contractors and consumers throughout Brazil. It reported approximately $525 million in sales for the year ended Dec. 31, 2024.
The business employs approximately 1,000 people and operates two production facilities in Brazil’s Northeast and Southeast regions. It will become part of Sherwin-Williams’ Consumer Brands Group.
Sherwin-Williams initially announced the $1.15 billion all-cash transaction in February 2025. The company said the acquisition expands its Latin American presence and is expected to increase consolidated sales by a low-single-digit percentage in the fourth quarter of 2025 compared with the same period a year earlier.
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