The Sherwin-Williams Company recently announced it will acquire Gross & Perthun GmbH, a German developer, manufacturer and distributor of coatings designed primarily for the heavy equipment and transportation industries.
Based in a Mannheim, Germany, Gross & Perthun has approximately 100 employees and annual sales of approximately $50 million. It will become part of the Sherwin-Williams Performance Coatings Group. The transaction is expected to close by the end of the third quarter of 2022.
“This high-quality business brings us innovative waterborne and solvent liquid coatings technology, leading specification and approval positions, strong relationships with multi-national and local customers, strategically located manufacturing, and an outstanding commercial and technical team focused on delivering innovative and value-added solutions,” said John G. Morikis, Sherwin-Williams chairman and chief executive officer. “The combination of our businesses provides multiple opportunities to accelerate profitable growth throughout Europe and beyond.”