- Adds a main producer of architectural paintings in Brazil and the
Highly recognized Suvinil brand at the Sherwin-Williams portfolio - Extends and accelerates an existing profitable growth opportunity in Brazil with a complete product
Offering and distribution extended in painting stores and regional reception centers - Annual sales of approximately $ 525 million; significant growth and possibilities of operational synergy
- Sherwin-Williams resulting in the Net-Dette / Ebitda ratio after funding to stay
in a targeted range of 2.0 to 2.5 times - Should close in the second half of 2025 subject to usual closing conditions,
including Brazilian regulatory approval
Cleveland,, February 17, 2025 / Prnewswire / – The Sherwin -Williams Company (NYSE: Shw) announced today that it had concluded a final agreement with the BASF group (Isin: de 000basf111) to acquire Brazilian activity of Brazilian architectural paintings (“suvinil”) for $ 1.15 billion in a transaction in any other.
The company is one of the main suppliers of architectural paintings in Brazil and had sales of about $ 525 million for the end of the year December 31, 2024. The company develops, manufactures and sells a complete portfolio of innovative products under the well -known sun and the Glasu! Brand names to professional painters, designers, architects, general entrepreneurs and consumers across the country. The company employs around 1,000 employees and operates two production facilities strategically located in the northeast and southeast regions of Brazil.
“Suvinil is a first supplier of architectural paintings Brazil And will accelerate our commitment to providing advanced solutions to our customers while offering greater growth in the market in the region, “said Heidi G. PetzPresident of Sherwin-Williams, Chairman and Chief Executive Officer. “For over 60 years, Suvinil has been synonymous with innovation and quality. The company is very complementary to Sherwin-Williams in Latin AmericaBecause the Suvinil brand is well known and very engaged by the purchase of influencers and specifiers through the value chain. We are delighted to capitalize on the forces of two companies to further improve the value of customers. At the end of the transaction, we are convinced that Sherwin-Williams Growth Stated and continuous improvation disciplines will allow us to achieve a significant acceleration of sales and cost synergies which, in our opinion we have enormous respect for expertise and Dedication of the Suvinil team, and we are delighted with the opportunities that this combination will offer to customers and employees. “”
“The signature marks an important step to unlock the value of our autonomous companies, and I am delighted that we have made such quick progress to find a new house for Suvinil,” said Anup KothariMember of the Board of Directors of BASF Executive Directors is responsible for the Division of coverings. “We are convinced that the Decorative Painting company will continue to prosper in Sherwin-Williams. We are deeply grateful to our employees for their hard work and their dedication, who have made the Sunvil the most recognized brand for decorative paintings in Brazil. “”
Sherwin-Williams intends to finance the transaction thanks to a cash cash combination, liquidity available in existing facilities and new debts. The purchase price represents a low ebitda of adolescents according to the synergies of net early transaction of punctual costs. The transaction should end in the second half of 2025 and is subject to usual closing conditions, including Brazilian regulatory approval. At the end, Suvinil will be part of the Sherwin-Williams Consumer Brands group with a joint accent on transparent experience for customers and opportunities for employees.
About the company Sherwin-Williams
Founded in 1866, the company Sherwin-Williams is a world leader in the manufacturing, development, distribution and sale of painting, coating and related products to professional, industrial, commercial and commercial customers. The company manufactures products under well-known brands such as Sherwin-Williams®Valspar®HGTV Home® by Sherwin-Williams, Dutch Boy®Krylon®Minwax®,, Thompson® Alert®Pooch® And many others. With the world headquarters in Cleveland, OhioSherwin-Williams® Brand products are sold exclusively in a chain of more than 5,000 stores and branches operated by the company, while the other brands of the company are sold through main mass commodities, reception centers, Independent paint resellers, hardware stores, car retailers and industrial distributors. The Sherwin-Williams Performance Coatings group provides a wide range of highly designed solutions for construction, industrial, packaging and transport markets in more than 120 countries around the world. Sherwin-Williams’ shares are negotiated on the New York Stock Exchange (Symbol: SHW). For more information, visit www.sherwin.com.
Cancement declaration concerning prospective information
Certain statements contained in this press release constitute “prospective declarations” within the meaning of the federal laws on securities. These prospective declarations are based on expectations, predictions, estimates, hypotheses and current management of management concerning events and future conditions with regard to Sherwin-Williams, the company to be acquired, the transaction announced and Other questions, and include discussions on the strategy, commercial, operational and financial projections, orientations and estimates (including their underlying assumptions), declarations concerning the plans, objectives, expectations or consequences of the transaction announced and Declarations on future performance, operations, products and services. Any declaration which is not of a historical nature is a prospective declaration and can be identified by the use of words and sentences such as “anticipating” “” goal “” intention, “” May, “plan”, ” Potential “,” Project “,” seeks “,” should “,” striver “,” target “,” will “or” or the negative of it or a comparable terminology.
Readers are warned not to rely excessively to prospective declarations. Prospective declarations are necessarily subject to risks, uncertainties and other factors, many of which are out of our control, which could ensure that real results differ significantly from these declarations and our historical results, from our performances and our experience. These risks, uncertainties and other factors include elements such as: the possibility that the closing conditions for the announced transaction are not satisfied or deleted, including that a government entity may prohibit, delay or refuse to grant a regulation regulation necessary; delay in the closure of the transaction or the possibility of non-consumption of the transaction; the potential of the regulatory authorities to require disinvestments within the framework of the transaction announced; General economic business and economic conditions in The United States and in the world; Inflation rate, interest rate, unemployment rate, labor costs, health costs, recession conditions, geopolitical conditions, terrorist activities, armed conflicts and wars, public health crises, pandemics, epidemics of Diseases and disruptions of the supply chain; Changes in consumer behavior motivated by economic slowdowns in the cyclical segments of the economy; shortages and increase in the cost of raw materials and energy; Catastrophic events, unfavorable weather conditions and natural disasters (including those that can be linked to climate change); the loss of one of our greatest customers; Increased competition or an inability to keep up with the pace of developments in the main competitive areas of our company; Cybersecurity incidents and other disturbances in our information technology systems; Our ability to attract, conserve, develop and advance a qualified global workforce; Our ability to successfully integrate past and future acquisitions into our existing operations, as well as the performance of acquired companies; risks and uncertainty associated with our expansion and operations in Asia,, Europe,, South America and other foreign markets; Policy changes affecting international trade, including import / export restrictions and prices; Our ability to carry out our strategies or our expectations relating to sustainability considerations, in particular due to the evolution of legal, regulatory and other legal processes, and other, the pace of scientific and technological developments, increased costs, availability required suppliers, energy sources, or funding, and changes in the carbon markets; damage our business, reputation, image or brands due to negative advertising; The offense or loss of our intellectual property rights or the flight or unauthorized use of our commercial secrets or other confidential commercial information; a weakening of global credit markets or changes in our credit ratings; Our ability to generate money to serve our debt; fluctuations in currency exchange rates and changing monetary policies; Our ability to comply with a variety of complex and non-American complex laws, rules and regulations; increase in tax rates or modification of tax laws or regulations; Our ability to comply with many laws, regulations and health, safety and environmental and environmental health, safety and environmental requirements (including climate change and chemical management). Our responsibility linked to environmental and sanitation survey activities on some of our currently and old sites; the nature, the cost, the quantity and the results of the pending and future disputes, including the lead pigment and the disputes of lead paint; And the other risk factors discussed in part 1, point 1A of our annual report on Form 10-K for the financial year has ended December 31, 2023 and our other reports submitted to the SEC.
Readers are notified that it is not possible to predict or identify all risks, uncertainties and other factors that can affect future results and that the above list should not be considered as a full list. Any prospective declaration only speaks on the date on which such a declaration is made, and we keep no obligation to update or revise any prospective declaration, whether following new information, future events or Otherwise, unless otherwise indicated by law.
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Direct: 216.515.8682
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Source Sherwin-Williams
