Linklaters and Jones Day are advising on Sherwin-Williams acquisition of BASF’s Brazilian decorative paints business for $1.15 billion in a cash and debt-free deal with completion expected in late 2025 pending regulatory approval.

Sherwin-Williams (NYSE:SHW) has entered into a definitive agreement to acquire BASF’s Brazilian architectural paints business, including the well-known Suvinil brand, for $1.15B in an all-cash transaction.

Sherwin-Williams (SHW) announced it has entered into a definitive agreement with BASF Group (BASFY) to acquire BASF’s Brazilian architectural paints business, “Suvinil,” for $1.15B in an all-cash transaction.

Paint manufacturer and retailer Sherwin-Williams (SHW) has agreed to acquire the Brazilian architectural paints business of BASF, which

BASF SE will sell its Brazilian paints unit to Sherwin-Williams Company for $1.15 billion, as part of the German company’s wider strategy to focus on its main chemicals, industrial and nutrition divisions.