In a significant development in the paint and coatings industry, Linklaters and Jones Day are providing legal counsel for Sherwin-Williams in its acquisition of BASF’s Brazilian decorative paints division. The deal is valued at $1.15 billion, structured as a cash and debt-free transaction. This acquisition, which still awaits regulatory approval, includes two production sites in Brazil and encompasses well-known brands such as Suvinil and Glasu!, along with approximately 1,000 employees. Completion is anticipated in late 2025, following competition authorities’ endorsement.
For further details, read more on Law.com.