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.