The Sherwin-Williams Company announced an agreement to acquire German-based Specialized Industrial Coatings Holding, a Peter Mohrle Holding and GP Capital UG venture comprised of Oskar Nolte GmbH and Klumpp Coatings GmbH. The business’ portfolio of solutions includes foil coatings as well as radiation-cured and waterbased coatings for the board, furniture and flooring industry. With a presence in Europe, Asia and South America, the business has approximately 220 employees and annual sales of more than EUR91.5M, and will become part of the Sherwin-Williams Performance Coatings Group reportable segment. The transaction is expected to close by early 2023, pending customary regulatory approvals.
Published first on TheFly
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