Sherwin-Williams has reached an agreement to purchase Arch Industrial Wood Coatings of Pianoro, Italy, which trades under the Sayerlack brand name.
Sayerlack caters to the joinery, furniture and cabinet markets. The 56-year-old company had net sales of $147 million in 2009.
Sayerlack operates several manufacturing sites across Western Europe along with a network of sales, technical, and distributor representatives serving clients in Asia and the United States.
Christopher Connor, chairman and CEO of Sherwin-Williams Company, said, âWe are pleased to bring Sayerlack, a well respected company and its talented people, into the Sherwin-Williams family. This acquisition reaffirms our commitment to growing globally through organic expansion, accelerated by appropriate acquisitions.â
Read Sherwin-Williams' press release.
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