Acquires Oskar Nolte GmbH and Klumpp Coatings GmbH

Various U.S. sources (for example PRNewsWire) report that Sherwin-Williams has announced the acquisition of Specialized Industrial Coatings Holding (SIC Holding), a joint venture of Peter Möhrle Holding and GP Capital UG, consisting of Oskar Nolte GmbH and Klumpp Coatings GmbH. It is to become part of the Sherwin-Williams Performance Coatings Group reportable segment. The transaction is expected to close by early 2023, subject to customary regulatory approvals.