. A definitive agreement has been signed by Sherwin-Williams to acquire Becker Acroma Industrial Wood Coatings, a subsidiary of AB Wilh, which would be effective as of the third quarter, as the transaction is subject to certain regulatory approvals.Becker Acroma is one of the largest manufacturers of wood coatings for the industry worldwide and a technological leader in water, UV rays and other wood coatings. The company serves the carpentry, kitchen furniture, furniture and hardwood flooring sectors through its distributors.
Christopher M. Connor, president and CEO of Sherwin-Williams Company, said this acquisition is a positive step in the company's growth and expansion strategy through quality products and people who provide excellent customer service. "This transaction reaffirms our commitment to global growth through organic expansion, accelerated by appropriate acquisitions."
Jenny Lindén Urnes, owner and president of AB Wilh. Becker said that the company is very satisfied with the negotiation. Kaj Brandt, CEO of Becker Acroma Industrial Wood Coatings, said they are happy to be able to contribute to Sherwin-Williams' success in the world.
Becker Acroma has more than 900 employees and nine manufacturing plants, 19 blends and 13 technical centers worldwide.
