Sherwin-Williams Acquires Euronavy

Tuesday, December 16, 2008

The Sherwin-Williams Company (NYSE: SHW) announced it has closed a definitive agreement to acquire Euronavy-Tintas Maritimas e Industriais S.A. of Portugal.

Headquartered in Lisbon, Portugal, Euronavy is an producer of marine and protective coatings applied to ships, off shore platforms, storage tanks, steel, concrete, and flooring.  Euronavy became the first company in the world to receive approval for a solvent-free epoxy coating system. Groundbreaking R&D has also produced pioneering products for underwater application.

Founded in 1981, Euronavy has 40 employees across its manufacturing and distribution platform with sales of less than $25m. Euronavy's best in class coatings are sold in Brazil, Singapore, China, Vietnam, Dubai, Europe, Portugal, Canada and the U.S.

Peter J. Ippolito, President and General Manager of Sherwin-Williams Protective & Marine Coatings Division, stated, "The acquisition of Euronavy is a logical step in our efforts to strengthen our growing global platform to better serve customer needs around the world with outstanding R&D, products, and people."

The Sherwin-Williams Protective & Marine Coatings Division, part of the company's Global Finishes Group, manufactures and distributes coating systems for the world market through 14 manufacturing locations across the U.S., Mexico, Brazil, Argentina, Uruguay and China.

(www.euronavy.net)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

NASSCO Lays Keel for Jones Act Tanker Liberty

U.S. shipbuilder General Dynamics NASSCO hosted a keel laying ceremony on Thursday, May 26 for the Liberty, one of three new ECO Class Jones Act tankers under a

DSC Dredge Receives President’s E-Star Award

DSC Dredge, LLC, based in Reserve, La., has received the 2016 President’s “E-Star” Award for exports.   In a ceremony held on May 16, 2016, at the U.S. Department

TT Club Reports Robust Financial Results for 2015

TT Club has announced its financial results for the year ended December 31, 2015, and AM Best affirms its A- (Excellent) rating for the 10th consecutive year.   Knud Pontoppidan,

Coatings & Corrosion

WSS: Post-combustion Fuel Treatment Cuts Vessel Costs, Risk

Wilhelmsen Ships Service, a provider of products and services to the shipping industry, is advising vessel operators to wage war on soot. According to WSS, soot

Industry Group Developing New Hull Coating System

PPG’s protective and marine business has received EU Funding for a project which aims to produce a new fouling protection system for commercial vessels.   A project development group including PPG,

Petronas Chooses Jotun Antifoulings

Petronas has selected Jotun’s Hull Performance Solutions (HPS) antifouling system for two LNG vessels chartered from MISC.   The advanced antifouling coatings

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Salvage Ship Electronics Ship Repair
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0842 sec (12 req/sec)