Sherwin-Williams Acquires Becker Powder Coatings In North America; Becker Acquires Sherwin-Williams Coil Coatings In North America
S-W'S Growing Chemical Coatings Division Trades Coil For Powder
The Sherwin-Williams Company (NYSE:SHW) announced it has acquired Becker Powder Coatings, Inc. in North America, a subsidiary of AB Wilh. Becker based in Sweden.
Simultaneously, AB Wilh. Becker has acquired the North American coil coatings business of Sherwin-Williams and related assets. The business will be integrated into Becker Specialty Corporation, a Chicago-based subsidiary of AB Wilh. Becker.
Headquartered in Columbus, Ohio, Becker Powder Coatings, Inc., produces powder coatings applied to appliances, metal furniture, fixtures, equipment, and electronic products manufactured throughout North America.
Becker Powder Coatings has more than 45 employees, sales of approximately US$14 million, and a reputation for innovative technology and quality products.
Christopher M. Connor, Chairman and CEO of The Sherwin-Williams Company, said, "This is another positive step in our strategy of steady growth and expansion with a quality set of products and people who provide excellent service to our customers. We are pleased to bring Becker Powder Coatings, Inc., a well-respected company, and their employees into the Sherwin-Williams family."
AB Wilh. Becker Chairman and CEO, Jenny Linden Urnes, said, "As a leader in coil coatings, this acquisition, following our acquisition of Specialty Coatings Company, is another important step in growing our North American business. We are excited that this enhances the position of both Beckers and Sherwin-Williams through the sale and purchase transactions of our North American powder and Sherwin-Williams' coil coatings businesses respectively."
Sherwin-Williams Chemical Coatings Division
The Sherwin-Williams Chemical Coatings Division, part of the company’s Global Group,
manufactures and distributes a complete line of advanced technology liquid and powder coating systems for the world OEM market through nine manufacturing and 86 facility locations across the U.S., Canada, Mexico and China. For more information, visit www.sherwin.com/oem.
The Sherwin-Williams Company
Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of coatings and related products to professional, industrial, commercial, and retail customers.
AB Wilh. Becker
Beckers is Europe's leading manufacturer of industrial coatings for metals and plastics as well as products for surface treatment of wood, and the world leader in artists' materials. For more information, visit www.becker.se.
