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 Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Vestas Profit Beats Forecast

Danish wind turbine maker Vestas Wind Systems posted much higher than expected second-quarter earnings and slightly increased its guidance for the full year, signaling

MV Cape Ray Signals DTRA 'Mission Complete'

The Defense Threat Reduction Agency announces the successful completion of the Cape Ray's mission to destroy Syria's chemical weapons components at sea. The Defense Threat Reduction Agency/U.

HK's COSCO International Reports Strong Profit Growth

For the  six months ended 30th June 2014, shipping services provider COSCO International has announced that its 2014 Interim Results show strong profit growth with Net Profit up 45% YOY.

Coatings & Corrosion

HK's COSCO International Reports Strong Profit Growth

For the  six months ended 30th June 2014, shipping services provider COSCO International has announced that its 2014 Interim Results show strong profit growth with Net Profit up 45% YOY.

Ecoshield Rudder Protection Generates Savings

Over the last couple of months a number of vessels have had their rudders coated with Ecoshield at shipyards in China. These include several container vessels and a car carrier.

Emergency On-site Repairs Keeps Vessel Sailing

Hydrex offers fast on-site repairs in emergency situations. Its fast response team are ready to mobilize immediately to locations around the world for a wide range of operations.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Pod Propulsion Port Authority Ship Electronics Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.2545 sec (4 req/sec)