The Sherwin-Williams Company (NYSE:SHW) agreed to acquire Oskar Nolte GmbH/Klumpp Coatings GmbH from Peter Möhrle Holding and Gp Capital UG (Haftungsbeschränkt) on November 8, 2022. The business has approximately 220 employees and annual sales of more than €91.5 million and will become part of the Sherwin-Williams Performance Coatings Group reportable segment. The transaction is subject to regulatory approvals and customary closing conditions. The transaction is expected to close by early 2023. As of February 22, 2023, the transaction is subject to customary closing conditions and is expected to close in 2023.

Alan Granberg, Volker Seekamp, Jonathan Lee of EC Mergers & Acquisitions acted as financial advisors for The Sherwin-Williams Company. Kai-Steffen Scholz, Christoph Wilken, Fabian Quast, Jan Bonhage, Markus Ernst, Alexander Bekier, Erasmus Hoffmann and Andrea Schlaffge of Hengeler Mueller Partnerschaft von Rechtsanwälten mbB of legal advisor to Peter Möhrle and Gp Capital UG.