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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