The company said it completed the acquisition of all issued and outstanding equity of Suvinil Coatings S.A. on October 1, 2025 through its wholly owned subsidiary Sherwin-Williams do Brasil Indústria e Comércio Ltda. The purchase price was $1.15 billion, subject to customary working capital and post-closing adjustments.

1. 01

   The company said it completed the acquisition of all issued and outstanding equity of Suvinil Coatings S.A. on October 1, 2025 through its wholly owned subsidiary Sherwin-Williams do Brasil Indústria e Comércio Ltda. The purchase price was $1.15 billion, subject to customary working capital and post-closing adjustments.

2. 02

   The company said the acquisition target, Suvinil Coatings S.A. (formerly BASF Coatings S.A.), is BASF's Brazilian architectural paints business, including the Suvinil and Glasu! brands. The transaction was carried out under a Purchase Agreement dated February 15, 2025.

3. 03

   The company said it borrowed $750 million under the USD DDTL Tranche on September 25, 2025, and SW Luxembourg borrowed €250 million under the EUR DDTL Tranche, to fund a portion of the transaction.

4. 04

   The company said it and SW Luxembourg entered into a 364-day senior unsecured delayed draw Term Loan Credit Agreement with Citibank, N.A. as administrative agent on August 8, 2025. The agreement consists of a USD tranche of $750 million and a EUR tranche of €250 million.

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Original filing

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