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Sherwin-Williams To Buy Duron

By Jason Lawton | May 17, 2004

Sherwin-Williams has signed an accord to buy Duron in a transaction valued at $253 million, plus the assumption of certain financial obligations at closing.

Duron, with sales of approximately $350 million, operates 231 company-owned stores in the eastern region of the U.S.

"We are pleased to have reached agreement to bring an organization and business that we have long respected into the Sherwin-Williams family," said Christopher M. Connor, chairman and CEO of Sherwin-Williams.