#United States #Cleveland #Sherwin-Williams #BASF #Suvinil

Sherwin-Williams Completes Acquisition of BASF's Brazilian Architectural Paints Business

CLEVELAND, Oct. 1, 2025 – Sherwin-Williams Company (NYSE: SHW) has successfully concluded the acquisition of BASF's Brazilian architectural paints division, known as Suvinil. This transaction follows the earlier announcement of a definitive agreement made in February of this year, which has now received all necessary regulatory approvals.

Heidi G. Petz, the Chair, President, and CEO of Sherwin-Williams, expressed her enthusiasm over the acquisition by stating, "Suvinil is a business we have admired for decades. The opportunity to integrate a brand of such high quality into our operations aligns perfectly with our long-term growth objectives."

With over 80 years of operational experience in Latin America, Sherwin-Williams views this acquisition as a pivotal move in enhancing their customer solutions and creating additional career opportunities for employees. The strategic alignment will bolster Sherwin-Williams' capacity to deliver innovative and industry-leading solutions.

About Suvinil

Suvinil stands as a prominent player in Brazil's architectural paints market, generating sales approximating $525 million for the fiscal year ending December 31, 2024. The brand is recognized for its extensive range of innovative products offered to professional painters, designers, architects, general contractors, and consumers. It operates two state-of-the-art production facilities located in northeastern and southeastern Brazil, employing around 1,000 individuals.

As part of Sherwin-Williams’ Consumer Brands Group, Suvinil will introduce not only its recognized brands, but also its advanced technological capabilities, comprehensive distribution networks, and established customer relationships.

The acquisition price reflects a low teens EBITDA multiple standing at a respectable ratio following the anticipated post-transaction synergies when considered against one-time costs associated with the integration. Expecting this acquisition to yield a modest increase in the company’s consolidated sales by low single digits percentage in the fourth quarter compared to the same period in the previous year, Sherwin-Williams anticipates minimal impact on diluted net earnings per share due to the closing costs and purchase accounting amortization linked with the transaction.

Sherwin-Williams Overview

Founded in 1866, Sherwin-Williams is a global leader in manufacturing, distribution, and sales of paint, coatings, and related products across various segments, including professional, industrial, commercial, and retail sectors. The company is known for its brands such as Sherwin-Williams®, Valspar®, HGTV HOME® by Sherwin-Williams, and many others. With its headquarters situated in Cleveland, Ohio, Sherwin-Williams products are widely available through a network of over 5,400 company-operated stores.

In addition, the Performance Coatings Group of Sherwin-Williams offers a variety of highly-engineered solutions tailored for construction, industrial applications, packaging, and transportation sectors, spanning over 120 countries worldwide. The company’s shares are listed on the New York Stock Exchange under the symbol SHW.

Conclusion

This acquisition marks a significant step for Sherwin-Williams in scaling its presence in both the Brazilian market and the broader Latin American landscape. The merger is anticipated to complement the company’s existing product offerings while also providing additional strengths in distribution and operational capabilities. Overall, the future looks promising for Sherwin-Williams as it embarks on this new chapter with Suvinil.

For further updates, visit Sherwin-Williams’ Official Website.