# Sherwin-Williams to acquire Sika's European industrial coatings business

Sherwin-Williams has signed an agreement to acquire the European industrial coatings business of Sika AG. The business, based in Germany with operations in Poland, Austria and Switzerland, had sales of approximately CHF 75 million ($82 million) in 2020. The transaction is expected to close in early 2022.

- Type: Acquisition
- Announced: 2021-08-19
- Where: Germany, Germany
- Value: $82.0M
- Jobs: 130
- Status: announced
- Products: corrosion protection coatings, fire protection coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Sika](https://endata.com/companies/10682.md) (target)
- [Sherwin-Williams](https://endata.com/companies/23601.md) (acquirer)

## Sources

- [investors.sherwin-williams.com](https://investors.sherwin-williams.com/press-releases/press-release-details/2021/Sherwin-Williams-to-Acquire-European-Industrial-Coatings-Business-of-Sika/default.aspx), 2021-08-19: "This transaction fits our strategy of acquiring complementary, high-quality, differentiated businesses that add to our profitable growth momentum."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.