Sherwin‑Williams Acquires Sika's European Industrial Coatings Business

Sherwin-Williams Acquires BASF’s Suvinil Brazilian Architectural Paints Business for $1.15 Billion

October 1, 2025

Manufacturing

The Sherwin-Williams Company entered into a definitive agreement to acquire BASF’s Brazilian architectural paints business, including the Suvinil and Glasu! brands, for $1.15 billion in an all-cash deal. Sherwin-Williams completed the acquisition in 2025 after receiving customary regulatory approvals.

Sika Acquires Elmich Pte Ltd

February 3, 2025

Building Products

Sika has acquired Elmich Pte Ltd, a Singapore-based supplier of urban greening and green roof systems. The deal expands Sika's roofing and waterproofing portfolio in the Asia/Pacific region and strengthens its specification and cross-selling capabilities for commercial and residential projects.

Cinven Agrees to Acquire MBCC Admixtures from Sika

March 22, 2023

Manufacturing

International private equity firm Cinven has signed an agreement to acquire MBCC Group’s Admixtures business from Sika AG. MBCC Admixtures, headquartered in Mannheim, Germany, is a global manufacturer of concrete admixtures with more than 1,600 employees and 35 production sites; the transaction is subject to regulatory approvals and is expected to complete in the first half of the year.

Sherwin-Williams Acquires German Wood Coatings Business (Oskar Nolte & Klumpp Coatings)

November 8, 2022

Manufacturing

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.

PPG Completes Acquisition of Tikkurila

June 10, 2022

Manufacturing

PPG acquired Tikkurila, a leading Nordic paints and coatings company, completing the transaction in mid-2021. The deal expands PPG’s architectural coatings footprint across EMEA and China, strengthens distribution and cross-selling opportunities, and complements PPG’s sustainability strategy.

Sika Acquires Butterfield Color

November 1, 2017

Building Products

Sika has acquired Butterfield Color, Inc., a US-based, family-owned maker of decorative concrete colorants, sealers and stamping/texturing tools based near Chicago. The purchase (Butterfield had CHF 20 million in sales in 2016) expands Sika's product portfolio and contractor presence in North America and, combined with the earlier Scofield acquisition, positions Sika as the market leader in decorative concrete solutions.