The Sherwin-Williams Company recently solidified an agreement with BASF group to acquire Suvinil, BASF’s Brazilian architectural paints business, for a $1.15 billion.

Suvinil develops, manufactures and sells a comprehensive portfolio of products known under Suvinil and Glasu! brand names to professionals in the paint and contracting industries. With production facilities in the Northeast and Southeast regions of Brazil, Suvinil employs around 1,000 employees.

“Suvinil is a premier provider of architectural paints in Brazil and will accelerate our commitment to provide industry-leading solutions for our customers while delivering profitable above-market growth in the region,” says Heidi G. Petz, Sherwin-Williams chair, president and CEO. “The business is highly complementary to Sherwin-Williams in Latin America, as the Suvinil brand is well-known and highly-trusted by purchasing influencers and specifiers across the value chain. We have tremendous respect for the expertise and dedication of the Suvinil team, and we are excited about the opportunities that this combination will provide to customers and employees.”

The transaction is expected to close during the second half of 2025 and is subject to Brazilian regulatory approval among other customary closing conditions.

“The signing marks an important step in unlocking the value of our standalone businesses, and I am delighted that we have made such rapid progress in finding a new home for Suvinil,” says Anup Kothari, member of the board of executive directors of BASF SE. “We are convinced that the decorative paints business will continue to thrive as part of Sherwin-Williams. We are deeply grateful to our employees for their hard work and dedication, which have made Suvinil the most recognized brand for decorative paints in Brazil.”