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Business
Arch Divests Industrial Coatings
by Marc S. Reisch
February 22, 2010
| A version of this story appeared in
Volume 88, Issue 8
Arch Chemicals has signed a definitive agreement to sell its industrial coatings business to paint maker Sherwin-Williams for $40 million in cash. With headquarters in Pianoro, Italy, the Arch coatings business had sales of $147 million in 2009, mostly to furniture makers. Arch says the sale will allow it to focus on its core biocides businesses.
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