Sherwin-Williams Acquires Euronavy
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.
Heavy Metal Free Antifoulant
Sherwin-Williams Protective and Marine Coatings Division announces new SeaGuard Heavy Metal Free Antifoulant, an environmentally responsible alternative to copper-based hull coatings that prevents the growth of marine organisms on commercial and military ships. The new product received U.S. EPA approval on June 30, 2008. SeaGuard Heavy Metal Free Antifoulant is a solvent-based ablative coating that utilizes a metal-free organic biocide agent and provides the same effective antifouling protection as traditional copper-based coatings.