Sika has agreed to sell its European industrial coatings business,based in Germany,to Sherwin-Williams.In 2020,the business segment generated sales of approximately CHF 75 million.The transaction is expected to close in the beginning of 2022.Sika has hence taken the strategic decision to divest its European industrial coatings business.The business offers a wide portfolio of innovative products and solutions primarily sold to specialised customer groups such as steel construction companies or anti-corrosion experts.
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