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M&A Deal Summary

Sherwin-Williams Acquires Suvinil

On February 17, 2025, Sherwin-Williams acquired chemicals company Suvinil from BASF for 1.2B USD

Acquisition Highlights
  • This is Sherwin-Williams’ 15th transaction in the Chemicals sector.
  • This is Sherwin-Williams’ 2nd largest (disclosed) transaction.
  • This is Sherwin-Williams’ 1st transaction in Brazil.

M&A Deal Summary
Date 2025-02-17
Target Suvinil
Sector Chemicals
Buyer(s) Sherwin-Williams
Sellers(s) BASF
Deal Type Divestiture
Deal Value 1.2B USD

Target

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.

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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 17 of 17
Sector (Chemicals) 15 of 15
Type (Divestiture) 5 of 5
Country (Brazil) 1 of 1
Year (2025) 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS 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 -

Seller(S) 1

SELLER

BASF

Ludwigshafen, Germany
Category Company
Founded 1865
Sector Chemicals
Employees111,855
Revenue 68.9B EUR (2023)
DESCRIPTION
Entrance to BASF's office in Florham Park, New Jersey.
Entrance to BASF's office in Florham Park, New Jersey.

BASF is a global producer of chemicals. BASF looks to combine economic success with environmental protection and social responsibility. BASF was founded in 1865 and is based in Ludwigshafen, Germany.

DEAL STATS #
Overall 27 of 27
Sector (Chemicals) 20 of 20
Type (Divestiture) 25 of 25
Country (Brazil) 1 of 1
Year (2025) 1 of 1
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-31 IQatalyst

De Meern, Netherlands

IQatalyst is a catalysts manufacturer that offers innovative proprietary products and catalyst solutions for the oleochemical industry as well as the (petro-)chemical industry. IQatalyst is based in De Meern, Netherlands.

Sell -
Mergr

Product

Company

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