Your Source for Up-To-Date News and Research on the Collision Repair Industry
click here to subscribe to the FREE INSIGHT Editor's Desk News Alert Email
SUBSCRIBERS-ONLY
Today's News
INSIGHT This Month
INSIGHT Archives
Survey Center
Letter to the Editor
Business Tools
Subscription Information
CSI Reporting
Financial Analysis
IRS Audit Guide
Management/
Technical Info
1999 Market Watch Rates
INSIGHT Inside this month's issue...
Feedback
Letter to the Editor
Thursday July 20
The Sherwin-Williams Company Announces Two Acquisitions
CLEVELAND-- The Sherwin-Williams Company completed the acquisition of two coatings businesses: Norfolk Paint Company, Incorporated of Norfolk, Virginia and Pulverlack Tintas S/A of Caxias do Sul, Brazil.
The combined annual sales for the two businesses are less than $20 million U.S. dollars. The amount and terms of the purchases were not disclosed.
Norfolk Paint Company is a chain of nine stores which has sold architectural and automotive refinish coatings and associated products for over 60 years. The automotive refinish business will be transferred to the Company's Automotive Segment. The acquisition will greatly expand Sherwin-Williams distribution capabilities in the Norfolk area.
Pulverlack Tintas S/A is a leading manufacturer in Brazil of powder coatings. The acquisition supports Sherwin-Williams' continued expansion in Brazil and gives the Company an important presence in the growing powder coatings sector of the South American coatings market. Pulverlack will operate under the management of the Company's wholly owned Brazilian subsidiary, Sherwin-Williams do Brasil Industria e Comercio Ltda.
©2000 Collision Repair Industry INSIGHT
All Rights Reserved
FEATURED
LINKS:
INSIGHT Supports the NABC!
Do You?
