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.