The acquisition will further boost the company’s position in China and will allow further market segmentation and reinforce its position outside of the premium segment.
Williams is currently the Executive Chairman of Parker-Hannifin Corporation and also was appointed to the Compensation and Management Development Committee of Sherwin-Williams’ Board.
The results show consolidated net sales increased 6.3% in the quarter to a record $6.24 billion, and net sales from stores in United States and Canada open more than 12 calendar months increased 9.5% in the quarter, among other key takeaways.
"Overall, we have recorded significant improvement in margins, both sequentially as well as on year‐on‐year basis, aided by strong efforts on driving operational, formulation and sourcing efficiencies and supported by easing inflation in raw material prices,”said Amit Syngle, Managing Director & CEO of Asian Paints Limited.
Combined, they represent 95 years of service in the powder coatings industry. Charles Tarnoski is celebrating his 45th year, and Ralph Lebo is celebrating his 50th year of service with AkzoNobel.
