Sherwin-Williams to Acquire Becker Acroma Industrial Wood Coatings
May 25, 2010
CLEVELAND – The Sherwin-Williams Co. has signed a definitive agreement to acquire Becker Acroma Industrial Wood Coatings, a subsidiary of AB Wilh. Becker based in Sweden. The transaction, subject to certain regulatory approvals, is expected to close in the third quarter.
Headquartered in Stockholm, Sweden, Becker Acroma is one of the largest manufacturers of industrial wood coatings globally and a technology leader in water, UV and other wood coatings. Becker Acroma serves the joinery, kitchen cabinet, furniture and flooring markets directly and through distributors.
Becker Acroma has more than 900 employees and annual sales of approximately $300 million. The company has a reputation for innovative technology and quality products.
Becker Acroma joins Sherwin-Williams’ growing Global Finishes group following the acquisitions of Sayerlack in 2010, Inchem in 2008 and Becker Powder Coatings U.S., also in 2008.