Arch Chemicals Completes Industrial Coatings Divestiture to Sherwin-Williams
By Tim Wright
Published April 6, 2010
Arch Chemicals, Inc. reported completion of the previously announced divestiture of its industrial coatings business to The Sherwin-Williams Company for approximately €40 million ($54 million).With operations located in Italy, UK, France, Spain, North America and Singapore, the industrial coatings business manufactures and supplies a wide range of industrial coatings used for surface protection and decorative finishes in furniture and joinery applications.The industrial coatings business had sales of $147.1 million in 2009 and an operating loss of approximately $2 million.
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