BEV - Sherwin-Williams to acquire Italian wood coatings company

The Sherwin-Williams Company has announced an agreement to acquire Industria Chimica Adriatica (ICA), an Italian designer, manufacturer and distributor of industrial wood coatings used for kitchen cabinets, furniture and décor, building products, flooring and other specialty applications.

ICA has approximately 600 employees and will become part of the Sherwin-Williams Performance Coatings Group operating segment.

According to company information, the acquired business has annual sales of more than EUR 150 million, with sales and operations globally, including production facilities in Italy and Poland, and ICA's interest in the India-based joint venture, ICA Pidilite. ICA has approximately 600 employees and will become part of the Sherwin-Williams Performance Coatings Group operating segment. The transaction is expected to close by the end of 2022.

Source: https://www.european-coatings.com/articles/2022/10/sherwin-williams-to-acquire-italian-wood-coatings-company