Cleveland, Ohio -- Global coatings group Sherwin-Williams Co. is to acquire the industrial wood coatings business of Arch Chemicals Inc. This business, run through the company Sayerlack, based in Pianoro, Bologna, in Italy, is "a leading coatings innovator in the joinery, furniture, and cabinets markets," according to a Sherwin-Williams release. Net sales in 2009 were $147 million.
Founded in 1954, Sayerlack is one of the largest manufacturers of industrial wood coatings in Europe and a technology leader in polyurethane, water, and UV coatings, the release added.
Sayerlack has several manufacturing sites in Europe, and a network of sales, technical, and distributors serving clients in Asia and the US.
"This acquisition reaffirms our commitment to growing globally through organic expansion, accelerated by appropriate acquisitions," said Sherwin Williams chairman and ceo Christopher Connor.
"The acquisition of Sayerlack is a logical step in our efforts to strengthen our growing global platform to better serve our product finishes customers around the world with outstanding R&D, products, and people," added George Heath, president of Sherwin-Williams Global Finishes Group.
Sayerlack joins S-W's growing Global Chemical Coatings Division, following acquisitions of Inchem and Becker Powder Coatings U.S. in 2008.
Sayerlack is "excited to join the Sherwin-Williams family and to contribute to the company's success across the globe," said Graham Buchan, general manager of the Sayerlack business.
S-W says its Chemical Coatings Division, part of the company's Global Finishes Group, provides advanced technology liquid and powder coating systems for the world OEM market through 13 manufacturing and 79 other locations across the US, Canada, Mexico, Europe and China.
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