Sherwin-Williams Buys Italian Wood Coatings Business
March 16, 2010
Sherwin-Williams has agreed to purchase an Italian wood coatings business that sells products under the Sayerlack brand. Sayerlack Industrial Wood Coatings makes industrial wood stains and finishes for use in the furniture and cabinets industry. The business is currently a division of Pianoro, Italy-based Arch Chemicals, Inc. The division had net sales of $147 million in 2009, according to Sherwin-Williams. Founded in 1954, Sayerlack is one of the largest wood coating manufacturers in Europe. The company has manufacturing sites across Western Europe and has sales, technical and distribution staff in the U.S. and Asia. Sherwin-Williams said the acquisition will increase the company’s global presence and allow it to better serve its international clients. Sayerlack will join Sherwin’s global chemical coatings division. The division acquired Singapore-based Inchem and Swedish Becker Powder Coatings in 2008.