M&A Deal Summary

Sherwin-Williams Acquires ICA Group

On October 11, 2022, Sherwin-Williams acquired chemicals company ICA Group

Acquisition Highlights
  • This is Sherwin-Williams’ 14th transaction in the Chemicals sector.
  • This is Sherwin-Williams’ 1st transaction in Italy.

M&A Deal Summary

Date 2022-10-11
Target ICA Group
Sector Chemicals
Buyer(s) Sherwin-Williams
Deal Type Add-on Acquisition

Target

ICA Group

Civitanova Marche, Italy
ICA Group is a designer, manufacturer, and distributor of industrial wood coatings used for kitchen cabinets, furniture and décor, building products, flooring, and other specialty applications. ICA Group is based in Civitanova Marche, Italy.

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Buyer(S) 1

Buyer

Sherwin-Williams

Cleveland, Ohio, United States

Category Company
Founded 1866
Sector Chemicals
Employees64,088
Revenue 23.1B USD (2023)
DESCRIPTION
Sherwin Williams retail store in Westchester, Illinois.
Sherwin Williams retail store in Westchester, Illinois.

Sherwin-Williams is a provider in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America with additional operations in the Caribbean region, Europe and Asia. Sherwin-Williams was founded in 1866 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 16 of 17
Sector (Chemicals) 14 of 15
Type (Add-on Acquisition) 12 of 12
Country (Italy) 1 of 1
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-09 Gross & Perthun

Mannheim, Germany

Gross & Perthun is a developer, manufacturer, and distributor of coatings primarily for the heavy equipment and transportation industries. The company is a specialist in the agricultural machinery, tractor, and commercial vehicle industry, European market leader in the field of tractor painting, and the world's leading manufacturer of direct floor coating for buses. Gross & Perthun is based in Mannheim, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-17 Suvinil

Brazil

Suvinil develops, manufactures, and sells a comprehensive portfolio of innovative products under Suvinil and Glasu! brand names to professional painters, designers, architects, general contractors, and consumers across the country. Formed in 1961, Suvinil operates two production facilities strategically located in the Northeast and Southeast regions of Brazil.

Buy $1.2B