Sherwin‑Williams announced on Oct 1, 2025 that it has completed the acquisition of BASF’s Brazilian architectural paints business, Suvinil, in a transaction valued at $1.15 billion in cash. The deal adds a $525 million‑sales operation, 1,000 employees, and two production facilities in Brazil’s Northeast and Southeast regions to the company’s Consumer Brands Group.
The acquisition expands Sherwin‑Williams’ footprint in Latin America, where it has operated for more than 80 years, and immediately enhances its ability to offer industry‑leading solutions to professional painters, designers, architects, and general contractors. CEO Heidi G. Petz said the addition of Suvinil’s brands, technology, distribution network, and talent aligns directly with the company’s long‑term growth strategy.
Financially, Sherwin‑Williams expects the new business to increase consolidated sales by a low single‑digit percentage in the fourth quarter of 2025 compared with the same period in 2024, while the impact on diluted earnings per share will be immaterial due to transaction closing costs and purchase‑accounting amortization. The company also reiterated its target net‑debt to EBITDA ratio of 2.0‑2.5× for the year, indicating that the acquisition will fit within its existing capital structure and leverage framework.
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