The Sherwin-Williams Company has completed the acquisition of AquaSurTech, a Canada-based company specializing in the development, manufacturing, and sale of environmentally friendly coatings for the vinyl/PVC building products industry, which is one of the fastest growing subsegments of the industry.
AquaSurTech has a manufacturing footprint in the greater Toronto area and color blending facilities in both the United States and Canada.
“This transaction helps accelerate our growth into one of the most important segments of the building products industry,” said Karl Jorgenrud, president and general Manager, General Industrial Division, Sherwin-Williams.
“AquaSurTech’s unique technology and strong product platform will help us advance our growth strategy and better serve the strong demand of Sherwin-Williams customers.”
In other Sherwin-Williams news, the company has signed an agreement with the state of North Carolina, Iredell County, and the city of Statesville to significantly expand its architectural paint and coatings manufacturing capacity and establish a larger distribution facility in Statesville. Sherwin-Williams says it plans to invest a minimum of $300 million in the project and add more than 180 full-time jobs at the site over the next three years, which would essentially double the existing workforce.
The project will include a 36,000-square-foot extension of its existing 200,000-square-foot manufacturing facility, the addition of four new rail spurs, as well as the construction of a new 800,000-square-foot distribution and fleet transportation center, which has an additional 200,000 square feet available for future expansion.
The post The Sherwin-Williams Company Acquires Aquasurtech appeared first on American Coatings Association.
from American Coatings Association https://www.paint.org/sherwin-aquasurtech/
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