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CLEVELAND, OHIO, March 19, 2007 – The Sherwin-Williams Company (NYSE: SHW) announced that it has entered into a definitive agreement for the purchase of 100% of the stock of M. A. Bruder & Sons Incorporated, headquartered in the Philadelphia, PA area. With sales of approximately $146 million, M. A. Bruder is a leading manufacturer and distributor of paints and coatings in the eastern and southeastern portions of the United States. M. A. Bruder services the professional painting contractor, builder and do-it-yourself markets through 132 company-owned stores. The transaction will be completed upon receipt of all regulatory approvals.
Christopher M. Connor, Chairman and Chief Executive Officer of The Sherwin-Williams Company, said "We are pleased to have reached an agreement to bring an organization and business that we have long respected into the Sherwin-Williams family. After the transaction is completed, M. A. Bruder's customers will continue to be supported by the existing stores and manufacturing facilities of M. A. Bruder. The M. A. Bruder facilities will also bring additional manufacturing capacity to Sherwin-Williams while Sherwin-Williams will bring additional resources to enhance M. A. Bruder's strengths that have made it successful over the years. We are excited about working with the M. A. Bruder organization and we believe we will improve our service to professional painting contractors, builders and do-it-yourself customers."
The Sherwin-Williams Company, founded in 1866, is one of the worlds' leading companies engaged in the manufacture, distribution and sale of coatings and related products to professional, industrial, commercial and retail customers.
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