Sherwin Williams (Cleveland) will buy its United States paint rival Valspar Corp. (High Point, N.C.) in a $9.3 billion deal, according to Reuters.
The combined company would have had 2015 revenues of $15.6 billion and about 58,000 employees.
"The combination expands our brand portfolio and customer relationships in North America, significantly strengthens our global finishes business and extends our capabilities into new geographies and applications, including a scale platform to grow in the Asia-Pacific and in Europe, the Middle East and Africa," Sherwin-Williams Chief Executive John Morikis said in a statement.
The companies do not think the merger will raise any flags with antitrust regulators, and expect they will not have to sell any businesses, according to Reuters.
