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Sherwin-Williams completes acquisition of Inchem Holdings in Asia



By Kerry Pianoforte



Published July 31, 2008
The Sherwin-Williams Company has closed a definitive agreement to acquire the Liquid Coatings subsidiaries of Inchem Holdings of Inchem Holdings International Limited.

Headquartered in Singapore, Inchem produces coatings applied to wood and plastic products in Asia. These waterborne, solvent-based, and UV curable coatings are applied to furniture, cabinets, flooring and electronic products that are manufactured both for export and domestic sale. The coatings are made and sold in China, Vietnam and Malaysia, and distributed to 15 other Asian countries.

Founded in 1992, Inchem has more than 400 employees across its four manufacturing plants, sales of approximately $30 million, and a reputation for innovative technology and quality products. "We are pleased to bring Inchem, a well respected company throughout Asia, its plants in China, Vietnam and Malaysia, and most importantly its people into the Sherwin-Williams family," said Christopher M. Connor, chairman and CEO of Sherwin-Williams. "This acquisition reaffirms our commitment to growing globally through organic expansion, accelerated by strategically important acquisitions."


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