# Sherwin-Williams completes acquisition of SIC Holding

Sherwin-Williams acquired German-based Specialized Industrial Coatings Holding (SIC Holding), including Oskar Nolte GmbH and Klumpp Coatings GmbH, for an undisclosed amount. The business has ~220 employees and annual sales of over €91.5 million.

- Type: Acquisition
- Announced: 2023-10-05
- Where: Germany
- Jobs: 220
- Status: completed
- Products: foil coatings, radiation-cured coatings, waterbased 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

- [icaspa.com](https://icaspa.com/ww/en/News/sherwin-williams-completes-acquisition-of-sic-holding), 2023-10-05: "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."
- [klumpp-coatings.de](https://www.klumpp-coatings.de/ueber-uns/news/id/94/), 2023-10-13: "Wir möchten Ihnen heute mitteilen, dass The Sherwin-Williams Company die Übernahme von Oskar Nolte GmbH und Klumpp Coatings GmbH sowie deren Tochtergesellschaften abgeschlossen hat."
- [klumpp-coatings.com](https://www.klumpp-coatings.com/about-us/news/id/102/), 2023-10-13: "We are pleased to announce that The Sherwin-Williams Company has completed the acquisition of Oskar Nolte GmbH and Klumpp Coatings GmbH, and their subsidiaries."

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