Sherwin-Williams Acquires Majority Stake in Chinese Company
CLEVELAND - The Sherwin-Williams Co. has acquired a majority interest in Shanghai Kinlita Chemical Co. Ltd., a Shanghai, China-based manufacturer of electrodeposition OEM coatings for trucks and buses. Financial terms of the acquisition were not disclosed.
The acquired business, renamed Sherwin-Williams' Kinlita Co. Ltd., will operate under the direction of Sherwin-Williams Automotive Finishes Corp. and will be part of Sherwin-Willams' Automotive business unit.