M&A Deal Summary

Sherwin-Williams Acquires Geocel

On June 4, 2012, Sherwin-Williams acquired construction company Geocel

Acquisition Highlights
  • This is Sherwin-Williams’ 1st transaction in the Construction sector.
  • This is Sherwin-Williams’ 5th transaction in the United States.
  • This is Sherwin-Williams’ 1st transaction in Indiana.

M&A Deal Summary

Date 2012-06-04
Target Geocel
Sector Construction
Buyer(s) Sherwin-Williams
Deal Type Add-on Acquisition
Advisor(s) BDO Capital Advisors (Financial)

Target

Geocel

Elkhart, Indiana, United States
Geocel has built a strong reputation as a brand of innovative sealants and adhesives specially designed for tough construction and repair applications in commercial, residential, industrial and transport non-automotive markets.

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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 (2024)
DESCRIPTION
Sherwin Williams retail store in Westchester, Illinois.
Sherwin Williams retail store in Westchester, Illinois.

Sherwin-Williams provides 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 8 of 17
Sector: Construction M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 12
State: Indiana M&A 1 of 1
Country: United States M&A 5 of 8
Year: 2012 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-06 Leighs Paints

West Thurrock, United Kingdom

Leighs Paints manufactures a comprehensive line of intumescent Passive Fire Protection products for the hydrocarbon market. Its FIRETEX® brand has been used on more than 400 projects around the world protecting offshore platforms, refineries and chemical plants.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-19 Jiangsu Planet Paints & Co.

Changzhou, China

Pulanna was founded in 2000 by Mr. Mao Xiaojun as a privately owned company, engaged in the production and sales of auto refinish coating products. Since 2009, it has also produced and sold wind blade coating products. Pulanna has 150 employees with its headquarters and main manufacturing facility in Changzhou, Jiangsu province, approximately 150km from Shanghai. Its automotive coating brands include “Conely”, “DFL” and “Lanet”, with Lanet recognized as the regional leader in the premium automotive aftermarket of the strategically important Yangtze River Delta area and beyond, commanding a significant market position.

Buy -