The Sherwin-Williams Company will acquire German-based Specialized Industrial Coatings Holding (SIC Holding), a Peter Möhrle Holding and GP Capital UG venture comprised of Oskar Nolte GmbH and Klumpp Coatings GmbH.
The business' portfolio of solutions includes foil coatings as well as radiation-cured and water-based coatings for the board, furniture and flooring industry. With a presence in Europe, Asia and South America, the business has approximately 220 employees and annual sales of more than 91.5 million euro, and will become part of the Sherwin-Williams Performance Coatings Group reportable segment. The transaction is expected to close by early 2023.
