NPRA ‘O7: Sherwin Williams to expand after Bruder

26 March 2007 23:49  [Source: ICIS news]

SAN ANTONIO, Texas (ICIS news)--Global paint producer Sherwin Williams will expand its operations following the acquisition of US paint manufacturer and distributor M.A. Bruder and Sons, the company said on Monday.

Headquartered in Philadelphia, Bruder posted $146m in sales through 132 stores last year. Bruder’s niche is primarily the professional contractor market and most sales were in the Eastern and Southeastern United States.

Analysts at Citigroup recently predicted consolidation would be ripe in the $85m global paints and coatings industry with ICI and Valspar the most likely acquisition targets.

“Strong balance sheets, acquisition-driven growth, strategies and the current fragmented status of the paint market mean major deals are very likely,” the analysts said in a note to clients.

The analysts added that small decorative paint and Asian industrial coatings producers were also likely targets. SigmaKalon with a 17% European market share was also mentioned as a possible option.

Paints and coatings are a large downstream consumer of the chemicals industry for raw materials such as acrylate esters, methyl methacrylate and acetates.

 

 Citigroup: http://www.icis.com/Articles/2007/03/20/9014647/global-paints-coatings-consolidation-ripe-citigroup.html

 

 

By: Heather McGuire Doyle
+1 713 525 2653

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