Columbia Paint & Coatings Co. to Merge with Sherwin-Williams
Leading Washington State Paint & Coatings Company will become a subsidiary of Sherwin-Williams
CLEVELAND, OHIO.– The Sherwin-Williams Company (NYSE: SHW) and Columbia Paint & Coatings Co. announced that they have entered into a definitive merger agreement. Following the consummation of the merger, Columbia Paint & Coatings Co. will become a subsidiary of Sherwin-Williams.
Columbia Paint & Coatings Co., headquartered in Spokane, Washington, is a leading manufacturer and distributor of paints and coatings in the western and pacific northwestern portions of the United States. Columbia services the professional painting contractor, builder and do-it-yourself markets through 41 company-owned stores. The transaction will be completed upon the receipt of all regulatory approvals.
H. H. (Larry) Larison, Chief Executive Officer of Columbia Paint & Coatings Co., said, “Columbia Paint & Coatings has built a respected and admired company with 60 years of history in the paint and coatings industry. Sherwin Williams is a very well managed and highly respected multi-national company and we at Columbia Paint are very excited about this merger and are confident that it will allow us to provide a stronger level of service and support to our customers, both now and in the future.”
Christopher M. Connor, Chairman and Chief Executive Officer of The Sherwin-Williams Company, said, “We are pleased to have reached an agreement with Columbia Paint. Sherwin-Williams has great respect for the Columbia Paint organization and we are excited about bringing Columbia Paint into the Sherwin-Williams family. After the transaction is completed, Columbia’s paints and coatings will continue to be provided through Columbia’s existing stores. We are looking forward to working with the Columbia organization and we believe we will improve our service to professional painting contractors, builders and do-it-yourself customers.”
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