Add-on Acquisition • Chemicals

Sherwin-Williams Acquires Gross & Perthun

On June 9, 2022, Sherwin-Williams acquired chemicals company Gross & Perthun

Acquisition Context
  • This is Sherwin-Williams’ 13th transaction in the Chemicals sector.
  • This is Sherwin-Williams’ 2nd transaction in Germany.

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M&A Deal Summary

Date June 9, 2022
Target Gross & Perthun
Sector Chemicals
Buyer(s) Sherwin-Williams
Deal Type Add-on Acquisition

Target Company

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.
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Buyer Overview 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 Context for Buyer #
Overall 15 of 17
Sector: Chemicals 13 of 15
Type: Add-on Acquisition 11 of 12
Country: Germany 2 of 2
Year: 2022 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-19 Sika - European Industrial Coatings Business

Germany

Sika's European Industrial Coatings Business engineers, manufactures, and sells corrosion protection coating systems for high-value interior and exterior steel infrastructure, bridges, airport and rail, wind and energy, chemicals, power transmission and stations, interior linings for oil and gas tanks, vessels, and pipework, and water and wastewater applications, along with fire protection coating systems to protect and preserve steel, wood and concrete building components.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-11 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.

Buy -

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