• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    2023 CEO Forum

    The 2023 Automotive Coatings Market

    Color Trends in the Paint and Coatings Industry

    2023 European Coatings Show EXHIBITOR SHOWCASE

    Industry is Looking Forward to the 2023 European Coatings Show
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Raw Materials & Equipment
    Video Bites
    Suppliers News
    Live From Shows
    Top News
    HOFFMANN MINERAL to Focus on Comprehensive Sustainability Strategy

    HMG and Prodrive Renew Technical Partnership

    Eastern Coatings Show Sets Schedule for Technical Papers

    Sherwin-Williams Wins Three AMPP Awards

    OQ Chemicals Reduces CO2 Emissions at Bay City, Texas Plant by 10% in 2022
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    Sherwin-Williams Wins Three AMPP Awards

    Norwegian Cruise Line Goes Biocide-Free with Nippon Paint Marine's AQUATERRAS

    Stahl Completes Acquisition of ICP Industrial Solutions Group

    The 2023 Automotive Coatings Market

    Color Trends in the Paint and Coatings Industry
    Additives
    Binders
    Pigments
    Solvents

    OQ Chemicals Reduces CO2 Emissions at Bay City, Texas Plant by 10% in 2022

    Orion Debottlenecks Plant in Germany for High-Jetness Carbon Blacks

    Evonik Obtains Certification for VISIOMER Terra Biobased Methacrylates

    BASF Invests in Expansion of Polymer Dispersions Plant in Daya Bay, China

    Evonik Invests in Interface Polymers
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Clariant Additives

    Shepherd Color Company, The

    Arkema

    Active Minerals

    Siltech Corporation
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    Southern Society for Coatings Technology Annual Meeting and Technology Conference

    Eastern Coatings Show

    CPCA Annual Conference

    66th Annual Sink or Swim

    Middle East Coatings Show
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Clariant Additives

    Shepherd Color Company, The

    Arkema

    Active Minerals

    Siltech Corporation
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Glossary
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Sika to Divest European Industrial Coatings Business to Sherwin-Williams

    Business segment generated sales of approximately $70 million.

    Sika to Divest European Industrial Coatings Business to Sherwin-Williams
    08.20.21
    Sika has agreed to sell its European industrial coatings business, based in Germany, to The Sherwin-Williams Company, the US-based global leader in paints and coatings. In 2020, the business segment generated sales of approximately CHF 75 million ($70 million). The transaction is expected to close in the beginning of 2022.

    Sika has taken the strategic decision to divest its European industrial coatings business. The business offers a wide portfolio of innovative products and solutions primarily sold to specialized customer groups such as steel construction companies or anticorrosion experts. These customer segments provide little synergy potential on a Group-wide level and the business has remained a specialized niche within the Sika Group.

    The transaction includes the European industrial coatings business with the main location and manufacturing facility in Vaihingen, Germany. The product range encompasses anticorrosive and fire protection coatings, which are mainly sold in Germany, Switzerland, Poland, and Austria.

    With Sherwin-Williams, Sika is convinced to have found the right long-term owner for the European industrial coatings business. Industrial coatings is a core competence for Sherwin-Williams and the acquired business an important strategic opportunity to drive growth and support the expansion of its market position in Europe.

    “It is of great importance for Sika to have found a good strategic owner for the European industrial coatings business that will continue to invest in the further development of its people and products,” said Ivo Schädler, regional manager EMEA. “Customers can continue to rely on the availability of high-quality products and technical support in the future. Sherwin-Williams is a strong, growing company with the strategic focus on coatings and paints. Within this organization, the industrial coatings business along with its employees will be in an ideal position to develop and grow to their full potential.” 
    Related Searches
    • Industrial Coatings
    Related Knowledge Center
    • Industrial Coatings
    Suggested For You
    Metaflake Limited Metaflake Limited
    Wood Paints and Coatings Market to Surpass $12.3 Billion by 2027: CMI Wood Paints and Coatings Market to Surpass $12.3 Billion by 2027: CMI
    Axalta Updates Financial Guidance Axalta Updates Financial Guidance
    More than One Billion Square Feet of Green Building Space Recertified under LEED More than One Billion Square Feet of Green Building Space Recertified under LEED
    Michelman Set to Celebrate 10th Annual Global Day of Service Michelman Set to Celebrate 10th Annual Global Day of Service
    Nippon Paint Marine Registers Spike in Turkish Drydockings Amid Asia Capacity Concerns Nippon Paint Marine Registers Spike in Turkish Drydockings Amid Asia Capacity Concerns
    New Waterborne Systems Bring Fast Return-to-Service and Excellent Aesthetics New Waterborne Systems Bring Fast Return-to-Service and Excellent Aesthetics
    Protective Coatings Leader Hempel Brings Expertise to the Wind Industry Protective Coatings Leader Hempel Brings Expertise to the Wind Industry
    IFS Coatings Open Warehouse on Canada East Coast IFS Coatings Open Warehouse on Canada East Coast
    Archroma Introduces ‘Safe Edge’ Online Regulatory & Compliance Platform Archroma Introduces ‘Safe Edge’ Online Regulatory & Compliance Platform
    Green Seal Launches LEED®-Compliant Paint Certification Green Seal Launches LEED®-Compliant Paint Certification
    Sherwin-Williams Announces 2022 Color of the Year Sherwin-Williams Announces 2022 Color of the Year
    Paint Specialist Flügger Maintains Momentum in Q1 2021-22 Paint Specialist Flügger Maintains Momentum in Q1 2021-22
    ICP Group Adds Chris Pappas to Its Board ICP Group Adds Chris Pappas to Its Board
    Phoseon to Showcase LED Curing Technology at FTA Fall Conference Phoseon to Showcase LED Curing Technology at FTA Fall Conference

    Related Buyers Guide Companies

    • Metaflake Limited

      ...
      Steven Kerr, Sales & Marketing Director 09.28.22

    • Breaking News | Market Reports

      Wood Paints and Coatings Market to Surpass $12.3 Billion by 2027: CMI

      The solvent borne segment accounted for 49.2% of the revenue share in 2020.
      09.23.21

    • Breaking News | Financial News | Market Trends & Forecast
      Axalta Updates Financial Guidance

      Axalta Updates Financial Guidance

      Axalta updates financial guidance to reflect ongoing impacts of customer supply chain shortages and raw material and logistics constraints.
      09.22.21


    • Breaking News | Green Coatings
      More than One Billion Square Feet of Green Building Space Recertified under LEED

      More than One Billion Square Feet of Green Building Space Recertified under LEED

      LEED milestones, 2021 Class of LEED Fellows and the Kate Hurst Leadership Award among announcements at this week’s Greenbuild conference.
      09.22.21

    • Breaking News
      Michelman Set to Celebrate 10th Annual Global Day of Service

      Michelman Set to Celebrate 10th Annual Global Day of Service

      September 24th marks Michelman's 10th Anniversary of its annual Commitment to Community Day.
      09.22.21

    Loading, Please Wait..
    Trending
    • Sherwin-Williams Wins Three AMPP Awards
    • BASF Wyandotte Opens Registration For TECH Academy
    • BEHR Paint X Zillow Release Color Palette That May Help Homeowners See More Dollar Signs
    • BASF Invests In Expansion Of Polymer Dispersions Plant In Daya Bay, China
    • Clark+Kensington 2021 Color Trends Inspired By Nature
    Breaking News
    • HOFFMANN MINERAL to Focus on Comprehensive Sustainability Strategy
    • HMG and Prodrive Renew Technical Partnership
    • Eastern Coatings Show Sets Schedule for Technical Papers
    • Sherwin-Williams Wins Three AMPP Awards
    • OQ Chemicals Reduces CO2 Emissions at Bay City, Texas Plant by 10% in 2022
    View Breaking News >
    CURRENT ISSUE

    March 2023

    • 2023 CEO Forum
    • The 2023 Automotive Coatings Market
    • Color Trends in the Paint and Coatings Industry
    • 2023 European Coatings Show EXHIBITOR SHOWCASE
    • Industry is Looking Forward to the 2023 European Coatings Show
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    NPA: ‘Major Victory’ in Colorado After Amendment to Eating Disorder Bill
    GOOD Meat Receives FDA Go-Ahead for Cultured Meat
    IFF Achieves Industrial-Scale Production of Anaerobic Probiotic Strain
    Coatings World

    Latest Breaking News From Coatings World

    HOFFMANN MINERAL to Focus on Comprehensive Sustainability Strategy
    HMG and Prodrive Renew Technical Partnership
    Eastern Coatings Show Sets Schedule for Technical Papers
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    MPO's Most-Read Stories This Week—March 25
    Getinge iCast Receives FDA Premarket Approval
    Tessy Plastics Corp. Celebrates 50th Anniversary
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Willow, Suanfarma Complete Manufacturing Process for Cannabigerol
    Berkshire Sterile to Install nearly 1,500 solar panels at Massachusetts site
    Harm Reduction Therapeutics, Catalent Ink Naloxone Commercial Supply Pact
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Interpack 2023 Introduces New Special Areas and Activities
    eSalon Expands into Over 1,900 CVS Stores Nationwide
    The RealReal Discontinues Beauty Business
    Happi

    Latest Breaking News From Happi

    ‘Glossier You’ Returns to Glossier’s Fragrance Portfolio
    Mielle Expands Pomegranate & Honey Collection with Debut of Air Dry Stylers
    Metallic Pigments Market Forecasted to Reach $3.4 Billion by 2033
    Ink World

    Latest Breaking News From Ink World

    Weekly Recap: Packaging Inks, Toyo Ink Top This Week’s Stories
    Eastern Coatings Show Announces Schedule for Technical Papers
    Pulse Roll Label Products Adds Sean Labas to Technical Sales Team
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    TLMI announces 2022 Eugene Singer Award winners
    Pulse Roll Label Products expands technical sales team
    Mark Andy introduces ProWORX Label Suite
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Weekly Recap: Heartland Polymers Begins Production, Zeta Polimeri Becomes Radici EcoMaterials & More
    Heartland Polymers Begins Production in Alberta
    Zeta Polimeri Becomes Radici EcoMaterials
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    ODT's Most-Read Stories This Week—March 25
    AI is Effective at Documenting Orthopedic Encounters in Hand Surgery
    3D LifePrints Rebrands to Insight Surgery & Launches New Business in Houston
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Weekly Recap: Dave Rahami, Zebra, Dracula Technologies Top This Week’s Stories
    Midsummer, UCLA Collaborate on Perovskite-CIGS Tandem Solar Cells
    HID Reports on Reshaping the Security Industry

    Copyright © 2023 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login