Sherwin-Williams Announces Agreement to Acquire Duron Inc.
CLEVELAND - The Sherwin-Williams Co. announced a definitive agreement to acquire 100% of the stock of Duron Inc. in a transaction valued at $253 million plus the assumption of "certain financial obligations." Sherwin-Williams said the sale would be completed following regulatory approvals.
Duron, based in Beltsville, MD, is a major regional architectural-coatings manufacturer, and operates 231 company-owned stores in the eastern United States. The company has annual sales of approximately $350 million.