BASF SE will sell its Brazilian paints unit to Sherwin-Williams Company for $1.15 billion, as part of the German company’s wider strategy to focus on its main chemicals, industrial and nutrition divisions.

Linklaters and Jones Day are advising on Sherwin-Williams acquisition of BASF’s Brazilian decorative paints business for $1.15 billion in a cash and debt-free deal with completion expected in late 2025 pending regulatory approval.

Williams, an American company, will acquire the unit, which has about 1,000 employees, said the world's largest chemicals group.

Paint manufacturer and retailer Sherwin-Williams (SHW) has agreed to acquire the Brazilian architectural paints business of BASF, which

The Sherwin-Williams Company SHW entered into a definitive agreement with BASF Group to acquire the latter’s Brazilian architectural paints business (‘Suvinil”) for $1.15 billion in an all-cash transaction.