Thursday, December 29, 2022
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The Sherwin-Williams company recently announced that it has completed the acquisition of Industria Chimica Adriatica S.p.A. (ICA). Based in Italy, ICA is a designer, manufacturer and distributor of industrial wood coatings used for kitchen cabinets, furniture and décor, building products, flooring and other specialty applications. ICA has approximately 600 employees in sales and operations globally, including production facilities in Italy, Poland and India.
ICA is now part of the Sherwin-Williams Industrial Wood Division in the Performance Coatings Group operating segment. The combination of our businesses provides a platform for growth in Europe and beyond, that will provide customers with a broader portfolio of brands and technologies. Multiple product specification and approval positions, strategically located manufacturing and distribution, and an outstanding commercial team focused on delivering innovative and value-added solutions complement ICA’s strong technical expertise.
“ICA has a 50-year track record of building excellent relationships with multi-national and local customers in a rapidly evolving market. This acquisition strengthens our wood coatings offerings, with innovative, high-quality and eco-suitable solutions in a strategic focus market where we look to grow our already solid presence.” Pete Ippolito, President & General Manager Global Industrial Wood Division
Sherwin-Williams and ICA offer highly complementary product offerings and together will provide an even greater portfolio of solutions to customers. Sherwin-Williams will position ICA to continue global excellence in wood coatings and drive cutting-edge product research and development, while building upon the company’s heritage and values.
“This wonderful company brings us innovative waterborne and solvent liquid coatings technology, including an award-winning range of ultra-matt protective coatings and a growing portfolio of BIO water-based coatings products, which are made with recycled raw materials,” said Sherwin-Williams Chairman and Chief Executive Officer, John G. Morikis. “In addition to this strong technical expertise, ICA has excellent relationships with multi-national and local customers, multiple product specification and approval positions, strategically located manufacturing and distribution, and an outstanding commercial team focused on delivering innovative and value-added solutions. The combination of our businesses provides numerous opportunities to accelerate profitable growth in the region and beyond. The outstanding leadership and talented employees of ICA have built an admirable track record of success over the last 50 years, and we look forward to welcoming them to the Sherwin-Williams family upon the close of the transaction.”
Tags: finishing, Industria Chimica Adriatica S.p.A. (ICA), Sherwin-Williams company, wood, wood and panel, wood coating, woodworking and manufacturing, woodworking event, woodworking industry, woodworking UK
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