The Sherwin-Williams Company has signed an agreement to acquire Sweden-based Becker Acroma Industrial Wood Coatings. The transaction, announced Monday (May 24), is expected to close in the third quarter, subject to certain regulatory approvals.
Becker Acroma joins Sherwin-Williams' growing Global Finishes Group, following the acquisitions of Sayerlack (2010), Inchem (2008) and Becker Powder Coatings U.S. (2008).
A subsidiary of AB Wilh. Becker, Stockholm-based Becker Acroma is a major manufacturer of industrial wood coatings, and offers water-borne, UV, and other wood coatings.
The company’s wood coatings serve the joinery, kitchen cabinet, furniture and flooring markets directly and through distributors.
Becker Acroma has more than 900 employees; annual sales of about $300 million; and currently operates nine manufacturing facilities, 19 mixing sites and 13 technical centers around the world.
"The acquisition of Becker Acroma is another important step in our efforts to strengthen our growing global platform to better serve our customers around the world with outstanding assets, technology, and people," said George E. Heath, president of Sherwin-Williams Global Finishes Group.
Jenny Linden Urnes, owner and chairman of AB Wilh. Becker, said she was “very pleased” by the sale. “Becker Acroma and its committed employees around the world have been a very much appreciated part of Beckers, and I wish them the best of luck in the future.”