Specialised niche Sika has agreed to sell its European industrial coatings business to Sherwin-Williams. The transaction is expected to close in the beginning of 2022. The business offers a wide portfolio of products and solutions primarily sold to specialised customer groups. These customer segments provide little synergy potential on a Group-wide level and the business is therefore considered a specialised niche within the Sika Group. The transaction includes the main location and manufacturing facility in Vaihingen, Germany. Leading supplier Lanxess ...