# Sherwin-Williams to acquire Oskar Nolte and Klumpp Coatings

Sherwin-Williams agreed to acquire SIC Holding, comprising Oskar Nolte GmbH and Klumpp Coatings GmbH, German wood coatings companies with annual sales of over €91.5 million. The transaction is expected to close by early 2023.

- Type: Acquisition
- Announced: 2022-11-01
- Where: Germany
- Value: $95.0M (91.5M EUR)
- Jobs: 220
- Status: announced
- Products: foil coatings, radiation-cured coatings, waterbased coatings, wood coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Sherwin-Williams](https://endata.com/companies/23601.md) (acquirer)
- [Specialized Industrial Coatings Holding](https://endata.com/companies/66508.md) (target)
- [Oskar Nolte GmbH](https://endata.com/companies/66509.md) (target)
- [Klumpp Coatings GmbH](https://endata.com/companies/66510.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/sherwin-williams-to-acquire-german-wood-coatings-companies-oskar-nolte-gmbh-and-klumpp-coatings-gmbh-301671377.html), 2022-11-08: "This acquisition creates opportunities to accelerate our profitable growth in the global industrial wood market and fits our strategy of acquiring complementary, high-quality and differentiated businesses."
- [ec-ma.com](https://www.ec-ma.com/the-sherwin-williams-company-has-acquired-oskar-nolte-gmbh-and-klumpp-coatings-gmbh/), 2022-11-09: "The Sherwin-Williams Company has acquired Specialized Industrial Coatings Holding (SIC Holding), a Peter Möhrle Holding and GP Capital UG venture comprised of Oskar Nolte GmbH and Klumpp Coatings GmbH."
- [thecpia.com](https://www.thecpia.com/sherwin-williams-announces-acquisition-expansion/), 2022-12-06: "This acquisition creates opportunities to accelerate our profitable growth in the global industrial wood market and fits our strategy of acquiring complementary, high-quality and differentiated businesses."

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