Sherwin-williams to acquire basf's brazilian architectural paints business for $1.15 billion in all-cash transaction

Adds a leading producer of architectural paints in brazil and the highly-recognized suvinil brand to sherwin-williams portfolio expands and accelerates existing profitable growth opportunity in brazil with comprehensive product offering and extensive distribution through paint stores and regional home centers annual sales of approximately $525 million; significant growth and operational synergy opportunities sherwin-williams resulting net-debt to ebitda ratio following financing to remainin targeted range of 2.0 to 2.5 times expected to close in the second half of 2025 subject to customary closing conditions,including brazilian regulatory approval cleveland , feb. 17, 2025 /prnewswire/ -- the sherwin-williams company (nyse: shw) today announced it has entered into a definitive agreement with basf group (isin: de000basf111) to acquire basf's brazilian architectural paints business ("suvinil") for $1.15 billion in an all-cash transaction.  the business is a leading provider of architectural paints in brazil and had sales of approximately $525 million for the year ended december 31, 2024.
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