April 1, 2010 (FinancialWire) — The Sherwin-Williams Co. (NYSE: SHW) said it has closed a definitive agreement to acquire the Industrial Wood Coatings business of Arch Chemicals, Inc. (NYSE: ARJ).

Italy-based Arch Industrial Wood Coatings trades under the Sayerlack brand name and is a coatings supplier in the joinery, furniture, and cabinets markets. According o SHW, it posted net sales in 2009 of $147 million.

Sayerlack operates several manufacturing sites across Western Europe along with a network of sales, technical, and distributor representatives serving clients in Asia and the U.S.

Sayerlack joins S-W's Global Chemical Coatings Division following the acquisitions of Inchem and Becker Powder Coatings U.S. in 2008.

Ohio-based Sherwin-Williams sells coatings and related products to professional, industrial, commercial, and retail customers.

The company manufactures products under brands such as Sherwin-Williams, Dutch Boy, Krylon, Minwax, Thompson's WaterSeal, among others.

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