Brazilian firms act on the acquisition of BASF by Sherwin-Williams
BMA advised the U.S.-based company Sherwin-Williams on Brazilian law aspects related to the acquisition, through its subsidiary Sherwin-Williams do Brasil Indústria e Comércio, of the decorative paint business of the German company BASF, including the Suvinil and Glasu! brands. Machado Meyer advised BASF.
The transaction will be carried out through an all-cash purchase for US$1.15 billion and is expected to be completed in the second half of 2025, after the satisfaction of customary conditions precedent, including the approval by the Brazilian Antitrust Authority – CADE.
BMA advised Sherwin-Williams and relied on partners Monique Mavignier (pictured left), Barbara Rosenberg, Marcos Exposto, Adriana Dib Fuzinato, Luis Henrique Costa and Fernanda Nasciutti; associates Maria Donati, Manuela Bertocci, Julia Krein, Estêvão Nascimento Orcini, Thais Maria Dias de Oliveira, Marina Pettinelli, Guilherme Quinoneiro Gothardo and Ana Luisa Nascimento Dantas.
Jones Day was international counsel to Sherwin-Williams.
Machado Meyer advised BASF and relied on led partners Eduardo Boldrin Camara (pictured right), Guilherme Malouf, Diana Pacifico Henne and Arthur Bardawil Penteado, partner Fernando Tonanni and lawyers Antonio Augusto Colucci Miranda, Jacqueline Roberta Silva De Godoy, Lais Silveira De Deus Lopes, Marina Ourives Garcia, Victor Goulart Lazarini.
Linklaters, Todorov, Giannini & Nisiyama also advised the same partie.
