# Sherwin-Williams to acquire Italian wood coatings company ICA

Sherwin-Williams agreed to acquire Industria Chimica Adriatica (ICA), an Italian designer and manufacturer of industrial wood coatings with annual sales over EUR 150 million and about 600 employees. The deal is expected to close by end of 2022.

- Type: Acquisition
- Announced: 2022-10-11
- Where: Italy, Italy
- Jobs: 600
- Status: announced
- Products: industrial wood coatings, waterborne coatings, solvent coatings, bio water-based coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Sherwin-Williams](https://endata.com/companies/23601.md) (acquirer)
- [Industria Chimica Adriatica](https://endata.com/companies/66003.md) (target)

## Sources

- [investors.sherwin-williams.com](https://investors.sherwin-williams.com/press-releases/press-release-details/2022/Sherwin-Williams-to-Acquire-Italian-Wood-Coatings-Company-Industria-Chimica-Adriatica-S.p.A/default.aspx), 2022-10-11: "The Sherwin-Williams Company today announced an agreement to acquire Industria Chimica Adriatica S.p.A. (ICA), an Italian designer, manufacturer and distributor of industrial wood coatings."
- [prnewswire.com](https://www.prnewswire.com/news-releases/sherwin-williams-to-acquire-italian-wood-coatings-company-industria-chimica-adriatica-spa-301645053.html), 2022-10-11: "This wonderful company brings us innovative waterborne and solvent liquid coatings technology, including an award-winning range of ultra-matt protective coatings."
- [i.ifeng.com](https://i.ifeng.com/c/8K2qRRqx9dy), 2022-10-12: "This acquisition has a strong strategic fit with the core capabilities of Infineum and is a significant step in Infineum's transformation into a sustainable world-class specialty chemicals company."
- [european-coatings.com](https://www.european-coatings.com/news/markets-companies/sherwin-williams-to-acquire-italian-wood-coatings-company/), 2022-10-21: "This wonderful company brings us innovative waterborne and solvent liquid coatings technology, including an award-winning range of ultra-matt protective coatings."
- [bev.global](https://www.bev.global/post/bev-sherwin-williams-to-acquire-italian-wood-coatings-company), 2022-11-03: "The Sherwin-Williams Company has announced an agreement to acquire Industria Chimica Adriatica (ICA), an Italian designer, manufacturer and distributor of industrial wood coatings."

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