The Sherwin-Williams Company has completed the acquisition of BASF’s Brazilian architectural paints business Suvinil following the announcement of a definitive agreement in February of this year and subsequent customary regulatory approvals.
“Suvinil is a business we have admired for decades, and the rare opportunity to add an organization of this quality to Sherwin-Williams aligns directly with our long-term growth strategy,” said Heidi G. Petz, Sherwin-Williams chair, president and CEO. “Suvinil is highly complementary to our existing presence in Latin America, where we have operated for more than 80 years, and immediately accelerates our ability to provide industry-leading solutions for our customers and opportunities for our employees. We are excited to add Suvinil’s outstanding talent, brands, technology, distribution, manufacturing and customers to the Sherwin-Williams portfolio.”
Suvinil, which reported sales of approximately $525 million in 2024, develops, manufactures, and markets a comprehensive portfolio of products under the Suvinil and Glasu! brands. Suvinil employs about 1,000 people and operates two strategically located production facilities in Brazil’s Northeast and Southeast regions. The business will become part of the Sherwin-Williams Consumer Brands Group.