Sherwin Williams has acquired Tennant Coatings, they design and manufacture indoor and outdoor coating systems, approximately 70 of its current employees will join the new company.
“The sale of Tennant's coatings business is our latest move in the ongoing implementa-tion of our enterprise strategy—specifically, winning where we have competitive ad-vantage,” said Tennant CEO Chris Killingstad. “By divesting a business that is not central to our core strengths in industrial and commercial floor cleaning, we can redirect re-sources toward more strategic and profitable activities.”