• Adds a leading producer of architectural paints in Brazil and the
  
  highly-recognized Suvinil brand to Sherwin-Williams portfolio
• Expands and accelerates existing profitable growth opportunity in Brazil with comprehensive product
  
  offering and extensive distribution through paint stores and regional home centers
• Annual sales of approximately $525 million; significant growth and operational synergy opportunities
• Sherwin-Williams resulting net-debt to EBITDA ratio following financing to remain
  
  in targeted range of 2.0 to 2.5 times
• Expected to close in the second half of 2025 subject to customary closing conditions,
  
  including Brazilian regulatory approval

CLEVELAND, Feb. 17, 2025 /PRNewswire/ -- The Sherwin-Williams Company (NYSE:SHW) today announced it has entered into a definitive agreement with BASF Group (ISIN: DE000BASF111) to acquire BASF's Brazilian architectural paints business ("Suvinil") for $1.15 billion in an all-cash transaction. 

The business is a leading provider of architectural paints in Brazil and had sales of approximately $525 million for the year ended December 31, 2024. The business develops, manufactures and sells a comprehensive portfolio of innovative products under the well-known Suvinil and Glasu! brand names to professional painters, designers, architects, general contractors and consumers across the country. The company employs approximately 1,000 employees and operates two production facilities strategically located in the Northeast and Southeast regions of Brazil.