CLEVELAND – The Sherwin-Williams Co., Cleveland, OH, has closed a definitive agreement to acquire Becker Industrial Products AB, a subsidiary of AB Wilh. Becker based in Sweden, which engages in the industrial wood coatings business.
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 wood coatings serve the joinery, kitchen cabinet, furniture and flooring markets directly and through distributors.
Becker Acroma has more than 900 employees and currently operates nine manufacturing facilities, 19 mixing sites and 13 technical centers around the world.
Sherwin-Williams acquired Becker Acroma for SEK 1.7 billion ($227 million). It will be part of the company’s growing Global Finishes Group following the acquisitions of Sayerlack (2010), Inchem (2008) and Becker Powder Coatings U.S. (2008).