International. The Italian wood coatings company has annual sales of more than 150 million euros, with sales and operations worldwide.
Sherwin-Williams President and CEO John G. Morikis summed it up: "This wonderful company offers us innovative water-based and solvent liquid coating technology, including an award-winning range of ultra-matte protective coatings and a growing portfolio of BIO water-based coating products, which are manufactured from recycled raw materials."
The acquired company has production facilities in Italy and Poland, and a stake in the India-based joint venture, ICA Pidilite.
"In addition to this strong technical expertise, ICA has excellent relationships with multinational and local customers, multiple strategically located product specification and approval, manufacturing and distribution positions, and an outstanding commercial team focused on providing innovative and value-added solutions," Morikis explained.
"The combination of our businesses provides numerous opportunities to accelerate profitable growth in the region and beyond," Morikis concluded.
