The Sherwin-Williams Company (Cleveland, OH) announced that it has closed an agreement to acquire Euronavy-Tintas Maritimas e Industriais S.A. of Portugal.
Euronavy is headquartered in Lisbon, Portugal, and manufactures marine and protective coatings applied to ships, offshore platforms, storage tanks, flooring, and other steel and concrete structures. The company was founded in 1981 and has approximately 40 employees and sales under $25 million (USD). Its coatings are currently sold in Brazil, Singapore, China, Vietnam, Dubai, Europe, Portugal, Canada, and the U.S.
The Sherwin-Williams Protective & Marine Coatings Division, part of the company’s Global Finishes Group, manufactures coatings systems through 14 global locations across the U.S., Mexico, Brazil, Argentina, Uruguay, and China. The Sherwin-Williams Company was founded in 1866.
More information on the acquisition can be found at www.sherwin-williams.com/protective or www.euronavy.net.