Sherwin-Williams Acquires German Wood Coatings Business (Oskar Nolte & Klumpp Coatings)
November 8, 2022
The Sherwin-Williams Company has agreed to acquire Specialized Industrial Coatings Holding (SIC Holding), a venture comprising German wood-coatings makers Oskar Nolte GmbH and Klumpp Coatings GmbH. The combined business (approximately 220 employees; >€91.5 million sales) will join Sherwin-Williams' Performance Coatings Group, with the transaction expected to close by early 2023 pending regulatory approvals.
- Buyers
- The Sherwin-Williams Company
- Targets
- Specialized Industrial Coatings Holding (SIC Holding), Oskar Nolte GmbH, Klumpp Coatings GmbH
- Sellers
- Peter Möhrle Holding, GP Capital UG
- Industry
- Manufacturing
- Location
- Germany
- Transaction Type
- Buyout
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