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New Deal


Announced

Sherwin-Williams to acquire Gross & Perthun.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Majority

painting

Auto Services

Pending

Cross Border

Friendly

Acquisition

Germany

automotive

Single Bidder

automotive services

Synopsis

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Sherwin-Williams, a manufacturer, developmer, distributor, of paint, coatings, agreed to acquire Gross & Perthun, a German industrial coatings company. Financial terms were not disclosed. "This high-quality business brings us innovative waterborne and solvent liquid coatings technology, leading specification and approval positions, strong relationships with multi-national and local customers, strategically located manufacturing, and an outstanding commercial and technical team focused on delivering innovative and value-added solutions. The combination of our businesses provides multiple opportunities to accelerate profitable growth throughout Europe and beyond. We look forward to welcoming the talented employees of this excellent business to the Sherwin-Williams family upon the close of the transaction," John G. Morikis, Sherwin-Williams Chairman and Chief Executive Officer.

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