Sherwin-Williams is an American and company based in Cleveland. It is primarily engaged in the manufacture, distribution, and sale of paints, coatings, floorcoverings, and related products with operations in over 120 countries. As of 2024, it is the largest coatings company in the world by revenue.
Sherwin-Williams was incorporated in Ohio on July 16, 1884, two years after Osborn sold his interest in the company while retaining the retail operations. The company grew through acquisitions and expansions in the late 19th and early 20th century. In the early 1920s, the company became the largest coatings manufacturer in the U.S.
Sherwin-Williams experienced a downturn in the 1970s, and Gulf and Western Industries unsuccessfully attempted to take over. The company recovered by fending off the raid and undergoing a series of acquisitions in the 1980s and 1990s, as well as divesting its non-coatings businesses. On July 5, 2011, Sherwin-Williams acquired Leighs Paints based in Bolton UK, a manufacturer of intumescent paints and high-performance coatings. In 1995, it employed 18,000 people, including 3,200 in Ohio. By 2002, the company operated more than 2,500 stores.
In November 2024, the company was added to the Dow Jones Industrial Average.
In September 2019, the company announced that it would move its headquarters to a larger site, and in February 2020, confirmed it would remain in the Cleveland area. That month, the company also began work on a new R&D center in Brecksville, OH. The new headquarters's location was clarified in March 2020, with the company committing to constructing a new building complex, also in Downtown Cleveland. The downtown HQ was originally projected to open in 2023, but a construction pause due to the COVID-19 pandemic delayed the projected opening until 2024. The company is investing $600 million (US) in its new facilities, providing working space for 3,500 employees.
In the 1940s, Sherwin-Williams introduced Kem-Tone, a water-based fast-drying interior paint. In 1996, the American Chemical Society named the product a National Historic Chemical Landmark.
In 2016, the first paint registered as microbicidal with the United States Environmental Protection Agency was brought to market by Sherwin-Williams.
In June 2007, Sherwin-Williams announced that it had completed an acquisition of M.A. Bruder & Sons, a manufacturer and distributor of paints and coatings.
On July 6, 2011, Sherwin-Williams acquired Leighs Paints, based in Bolton UK, manufacturers of intumescent and high performance industrial coatings.
On June 4, 2012, Sherwin-Williams acquired Geocel Holdings Corp for an undisclosed amount. Sherwin-Williams acquired the Valspar Corporation on March 20, 2016, for $11.3billion.
In April 2022, the company announced that it had completed an acquisition of the European industrial coatings business of Sika AG. In June 2022, the company agreed to acquire Gross & Perthun GmbH. This Germany-based distributor primarily manufactures and distributes coatings for the heavy equipment and transportation industries.
Sherwin-Williams has created more than 35,000 color names for paint over its history, and as of 2023, it has nearly 200 distinct shades of white classified as either warm or cool.
On August 28, 2007, Sherwin Williams purchased Columbia Paint & Coatings. On July 6, 2011, Sherwin-Williams acquired Leighs Paints, based in Bolton UK, manufacturers of intumescent and high performance industrial coatings. In late 2012, Sherwin Williams began the process of purchasing the Comex Group. Comex was the 4th largest paint manufacturer in North America. After Mexican antitrust regulators voted against the deal twice, Sherwin-Williams bought Comex's US and Canadian divisions for $165 million on September 16, 2013. PPG, US-based paint and coating company, acquired Comex's Mexican division for $2.3 billion. In March 2016, it was announced that Valspar would be acquired for $9.3 billion. The merger was finalized 1 June 2017.
In November 2020, the company fired employee Tony Piloseno, who'd amassed over 1.4 million viewers on his TikTok paint mixing channel, Tonesterpaints, for alleged misconduct. The company was criticized for their perceived mishandling of the situation with critics believing the company failed to realize the marketing opportunity they'd just lost. Piloseno received multiple offers of employment from Sherwin-Williams' industry rivals and took up a position with Florida Paints where he will have his own art studio and develop his own custom range of paints. Commentators pointed out the differing reaction the company had after going viral when compared to other companies such as Ocean Spray, who had positively reacted to going viral on the TikTok platform.
In 2018, multiple counties in Pennsylvania sued Sherwin-Williams over lead paint matters. Sherwin-Williams attempted to counter-sue, but that attempt was denied in October 2019, and the denial was upheld in July 2020.
In December 2019, Sherwin-Williams was sued by New Jersey for discharging industrial waste from three sites and failing to disclose the pollution to the New Jersey Department of Environmental Protection.
In July 2020, Sherwin-Williams was sued in Ohio for breaching the Fair Labor Standards Act by underpaying staff. The case was dismissed in December 2020.
+ Sherwin-Williams Co's annual Total e Emissions - Location-Based Scope 1 + Scope 2 (in kilotonnes) |
621 |
In 2015, Sherwin-Williams was recognized as the most used brand as well as the winner for brand familiarity and quality rating in the Paints category by Builder magazine.
As of 2018, Sherwin-Williams was ranked 190th on the Fortune 500 list of the largest United States corporations by revenue.
In 2023, Sherwin-Williams was recognized as supplier of the year by Our Services, LLC of Michigan.
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