Sherwin-Williams to acquire ICA wood coatings

The Sherwin-Williams Co. announced it will acquire Industria Chimica Adriatica SpA (ICA), an Italian designer, manufacturer and distributor of industrial wood coatings used for kitchen cabinets, furniture and décor, building products, flooring and other specialty applications.

The transaction is expected to close by the end of 2022 following customary regulatory approvals, and ICA will become part of Sherwin-Williams’ performance coatings group operating segment.

ICA brings with it 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.

ICA has annual sales of more than €150 million and has an interest in the India-based joint venture, ICA Pidilite. 

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