{"slug":"sherwin-williams","name":"셔윈-윌리엄스","name_en":"The Sherwin-Williams Company","ticker":"SHW","updated_at":"2026-09-24T12:56:00.454167+00:00","canonical":"https://valuechain.wiki/sherwin-williams","citable":"밸류체인 그래프 기준 셔윈-윌리엄스의 직접 연결 기업은 3곳(관계 기준 공급 1·매출 2)이고, 사슬을 2차까지 넓히면 7곳에 닿는다. 링크의 근거 출처는 11건이며 그중 1차공시가 1건이다 (valuechain.wiki, 2026-09-24 기준).","citable_en":"Per the valuechain.wiki graph, The Sherwin-Williams Company is directly linked to 3 companies (1 supply, 2 revenue relationships) and reaches 7 companies within two hops; the links are backed by 11 dated sources, 1 of them primary filings (as of 2026-09-24).","kicker":"세계 최대 도료 유통망","kicker_en":"Global coatings leader","lead":"건축용 페인트와 산업용 코팅을 직영 전문점과 홈센터 유통망을 통해 판매한다. 원재료, 물류, 기업용 소프트웨어에 비용을 쓰며, 2025년 수비닐을 인수해 브라질 건축용 도료 사업을 넓혔다.","lead_en":"Sherwin-Williams sells architectural paints and industrial coatings through company-operated specialty stores and home-center channels. Its cost base includes raw materials, logistics and enterprise software, while the 2025 Suvinil acquisition expanded its Brazilian architectural-paints business.","categories":[{"key":"general-chemicals","ko":"종합·특수화학","en":"Diversified & Specialty Chemicals","theme":"materials-chemicals","theme_ko":"산업 소재·화학","theme_en":"Industrial Materials & Chemicals","theme_kind":"sector","primary":true}],"segments":{"parts":[{"name":"페인트 스토어 그룹","note":"FY2025 순매출 13,605,900,000달러"},{"name":"소비자 브랜드 그룹","note":"FY2025 순매출 3,166,400,000달러"},{"name":"퍼포먼스 코팅 그룹","note":"FY2025 순매출 6,795,200,000달러"}],"total":"FY2025 총매출 23,574,300,000달러","track":"C"},"segments_en":{"parts":[{"name":"Paint Stores Group","note":"FY2025 net sales of $13,605,900,000"},{"name":"Consumer Brands Group","note":"FY2025 net sales of $3,166,400,000"},{"name":"Performance Coatings Group","note":"FY2025 net sales of $6,795,200,000"}],"total":"FY2025 total revenue of 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한다.","analysis_en":"The Sherwin-Williams Company operates across Global coatings leader. It is +3.7% in 2026. Demand side (avg -13.9%), the stock (+3.7%) and supply side (avg -17.8%) are moving in step. Propagation has completed a lap, so the next leg depends on individual results more than chain direction. Among connected nodes the furthest ahead is Lowe's Companies, Inc. (-13.9%) and the furthest behind is Oracle (-17.8%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Its cost base includes raw materials, logistics and enterprise software, while the 2025 Suvinil acquisition expanded its Brazilian architectural-paints business.","analysis_asof":"2026-09-04"},"edges":[{"direction":"investment","counterparty":"수비닐 코팅","counterparty_slug":null,"confidence":"high","metric":{"type":"contract_value","unit":"USD","as_of":"2026-02-19","basis":"BASF 브라질 건축용 페인트 사업 수비닐의 현금 인수 발표가","value":1150000000,"period":"2025 acquisition","basis_en":"Announced all-cash purchase price for BASF's Brazilian architectural-paints business, Suvinil","qualifier":"approximate_subject_to_working_capital_adjustment"},"note":"셔윈-윌리엄스는 BASF의 브라질 건축용 페인트 사업인 수비닐 코팅 지분 전부를 현금으로 인수했다. SEC 공시와 매도자 발표, 한국어 기사, 신용평가 분석이 거래를 교차확인한다.","note_en":"Sherwin-Williams acquired all shares of Suvinil Coatings, BASF's Brazilian architectural-paints business, for cash. The transaction is cross-verified by the SEC filing, the seller's announcement, Korean coverage and credit analysis.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-19","url":"https://www.sec.gov/Archives/edgar/data/89800/000008980026000008/shw-20251231.htm","title":"SHERWIN WILLIAMS CO 10-K (2026-02-19)","title_en":"SHERWIN WILLIAMS CO 10-K (2026-02-19)","excerpt":"회사는 2025년 10월 BASF의 브라질 건축용 페인트 사업 수비닐을 약 11억5천만달러에 인수했다.","excerpt_en":"In October 2025, the Company completed the acquisition of BASF SE's Brazilian decorative paints business for approximately $1.15 billion."},{"stance":"confirms","publisher":"인베스팅닷컴 코리아","publisher_en":"Investing.com Korea","kind":"news","lang":"ko","published_at":"2025-10-02","url":"https://kr.investing.com/news/sec-filings/article-93CH-1655016","title":"셔윈-윌리엄스, BASF 브라질 페인트 사업 11.5억 달러에 인수 완료","title_en":"Sherwin-Williams Completes Acquisition of BASF's Brazilian Paint Business for $1.15 Billion","excerpt":"셔윈-윌리엄스는 수비닐 코팅의 발행 및 미발행 지분 전부를 11억5천만달러의 구매 가격으로 인수했습니다.","excerpt_en":"Sherwin-Williams acquired all issued and outstanding shares of Suvinil Coatings for a purchase price of $1.15 billion."},{"stance":"confirms","publisher":"Moody's Ratings 제공, 인베스팅닷컴","publisher_en":"Moody's Ratings via Investing.com","kind":"analysis","lang":"en","published_at":"2025-02-19","url":"https://www.investing.com/news/stock-market-news/sherwinwilliams-ratings-unaltered-by-115-billion-basf-brazilian-business-buyout--moodys-93CH-3878391","title":"Sherwin-Williams' ratings unaltered by $1.15 billion BASF Brazilian business buyout - Moody's","title_en":"Sherwin-Williams' Ratings Unaltered by $1.15 Billion BASF Brazilian Business Buyout - Moody's","excerpt":"Moody's는 이 인수가 셔윈-윌리엄스의 신용도에 지속적인 영향을 주지 않을 것으로 분석했다.","excerpt_en":"The acquisition is not expected to have a lasting impact on Sherwin-Williams' credit profile."},{"stance":"confirms","publisher":"BASF","publisher_en":"BASF SE","kind":"ir","lang":"en","published_at":"2025-02-17","url":"https://www.basf.com/dam/jcr:9cc6b131-6348-4a8f-81cf-40f615013eda/basf/www/global/documents/en/investor-relations/basf-at-a-glance/strategy/portfolio-optimization/press-releases/P029e_Suvinil_Signing.pdf","title":"BASF to sell Brazilian decorative paints business to Sherwin-Williams","title_en":"BASF to Sell Brazilian Decorative Paints Business to Sherwin-Williams","excerpt":"BASF는 현금과 부채를 제외한 기준의 매각 가격이 11억5천만달러라고 밝혔다.","excerpt_en":"The purchase price on a cash and debt-free basis is $1.15 billion."},{"stance":"confirms","publisher":"셔윈-윌리엄스","publisher_en":"The Sherwin-Williams Company","kind":"ir","lang":"en","published_at":"2025-02-17","url":"https://investors.sherwin-williams.com/press-releases/press-release-details/2025/Sherwin-Williams-to-Acquire-BASFs-Brazilian-Architectural-Paints-Business-for-1.15-Billion-in-All-Cash-Transaction/default.aspx","title":"Sherwin-Williams to Acquire BASF's Brazilian Architectural Paints Business for $1.15 Billion in All-Cash Transaction","title_en":"Sherwin-Williams to Acquire BASF's Brazilian Architectural Paints Business for $1.15 Billion in All-Cash Transaction","excerpt":"셔윈-윌리엄스는 BASF의 브라질 건축용 페인트 사업 수비닐을 현금 11억5천만달러에 인수하는 최종 계약을 발표했다.","excerpt_en":"Sherwin-Williams announced a definitive agreement to acquire BASF's Brazilian architectural paints business for $1.15 billion in an all-cash transaction."}]},{"direction":"cost","counterparty":"ITS Logistics","counterparty_slug":null,"confidence":"mid","metric":{"type":"amount","unit":"pounds","as_of":"2024-11-12","basis":"ITS Logistics 통합 이후 전년 대비 증가한 셔윈-윌리엄스 출하 물량","value":18400000,"period":"last seven months of 2023","basis_en":"Year-over-year increase in Sherwin-Williams outbound volume after integrating ITS Logistics","qualifier":null},"note":"ITS Logistics는 셔윈-윌리엄스의 서부 지역 운송, 트레일러 풀 관리, 임시 화물 운송을 맡는 제3자 물류 파트너다. 셔윈-윌리엄스 운송관리자는 이 통합이 출하 능력 증가에 기여했다고 설명했다.","note_en":"ITS Logistics supports Sherwin-Williams with West Coast transportation, trailer-pool management and ad hoc freight. A Sherwin-Williams transportation manager attributed higher outbound capacity to the integration.","sources":[{"stance":"confirms","publisher":"DC Velocity","publisher_en":"DC Velocity","kind":"analysis","lang":"en","published_at":"2024-11-12","url":"https://www.dcvelocity.com/supply-chain/transportation-challenges-solved","title":"Transportation challenges, solved","title_en":"Transportation Challenges, Solved","excerpt":"ITS의 물류 통합은 2023년 마지막 7개월간 전년 대비 출하량을 1,840만파운드 늘리는 데 기여했다.","excerpt_en":"ITS integrating themselves into our fleet was instrumental in helping increase our outbound volume by 18.4 million pounds."}]},{"direction":"cost","counterparty":"Oracle","counterparty_slug":"oracle","confidence":"mid","metric":{"type":"amount","unit":"USD","as_of":"2025-05-05","basis":"Oracle 구매 시스템 및 관련 서비스 지출액","value":null,"period":"FY2025","basis_en":"Spend on Oracle purchasing systems and related services","qualifier":"confirmed_no_disclosed_value"},"note":"셔윈-윌리엄스는 Oracle 구매 시스템의 Redwood 화면을 활성화해 사용 중이라고 Oracle 고객 커뮤니티에서 밝혔다. 계약 금액과 사용 범위는 공개되지 않았다.","note_en":"Sherwin-Williams stated in Oracle's customer community that it had enabled the Redwood page in Oracle's purchasing system. Contract value and deployment scope were not disclosed.","sources":[{"stance":"confirms","publisher":"Oracle Cloud Customer Connect","publisher_en":"Oracle Cloud Customer Connect","kind":"news","lang":"en","published_at":"2025-05-05","url":"https://community.oracle.com/customerconnect/discussion/869491/ability-to-customize-purchase-orders-redwood-page-add-custom-button","title":"Ability to customize Purchase Orders Redwood page - Add Custom Button","title_en":"Ability to Customize Purchase Orders Redwood Page - Add Custom Button","excerpt":"셔윈-윌리엄스는 25A에서 출시된 Purchase Orders Redwood 화면을 활성화했다고 밝혔다.","excerpt_en":"We have enabled Purchase Orders Redwood page released in 25A."}]},{"direction":"revenue","counterparty":"로우스","counterparty_slug":"lowes","confidence":"mid","metric":{"type":"revenue_share","unit":"percent","as_of":"2025-11-19","basis":"로우스향 매출 비중","value":null,"period":"FY2025","basis_en":"Share of revenue attributable to Lowe's","qualifier":"confirmed_no_disclosed_value"},"note":"소비자 브랜드 그룹은 로우스를 핵심 홈센터 파트너로 두고 HGTV HOME 제품을 독점 유통한다. 로우스도 셔윈-윌리엄스를 핵심 공급사라고 확인했지만 상대별 매출은 공개하지 않았다.","note_en":"The Consumer Brands Group uses Lowe's as a key home-center partner and distributes HGTV HOME products there exclusively. Lowe's also identifies Sherwin-Williams as a key supplier, but counterparty revenue is undisclosed.","sources":[{"stance":"confirms","publisher":"로우스","publisher_en":"Lowe's Companies, Inc.","kind":"ir","lang":"en","published_at":"2025-11-19","url":"https://corporate.lowes.com/sites/lowes-corp/files/low-usq-transcript-2025-11-19.pdf","title":"Q3 2025 Lowe's Companies Inc Earnings Call Transcript","title_en":"Q3 2025 Lowe's Companies Inc Earnings Call Transcript","excerpt":"신제품 프라이머는 로우스와 셔윈-윌리엄스 매장에서만 판매되며 양사가 처음 공동 출시한 제품이다.","excerpt_en":"This new primer is available only at Lowe's and Sherwin Williams locations, marking the first time that we have co-launched a product."},{"stance":"confirms","publisher":"셔윈-윌리엄스","publisher_en":"The Sherwin-Williams Company","kind":"ir","lang":"en","published_at":"2024-08-29","url":"https://s2.q4cdn.com/918177852/files/doc_events/2024/Aug/CORRECTED-TRANSCRIPT-The-Sherwin-Williams-Co-SHW-US-Investor-Meeting-Financial-Community-29-August-2024-1-30-PM-ET.pdf","title":"The Sherwin-Williams Co. Investor Meeting - Financial Community","title_en":"The Sherwin-Williams Co. Investor Meeting - Financial Community","excerpt":"HGTV HOME by Sherwin-Williams는 전략 파트너인 로우스에서 독점 판매된다.","excerpt_en":"HGTV HOME by Sherwin-Williams is exclusive to our strategic partner Lowe's."}]},{"direction":"revenue","counterparty":"Menards","counterparty_slug":null,"confidence":"mid","metric":{"type":"revenue_share","unit":"percent","as_of":"2024-08-29","basis":"Menards향 매출 비중","value":null,"period":"FY2024","basis_en":"Share of revenue attributable to Menards","qualifier":"confirmed_no_disclosed_value"},"note":"셔윈-윌리엄스는 Menards를 홈센터 파트너로 지목했고 자사 Dutch Boy 브랜드의 판매 범위가 이 채널에서 확대되고 있다고 밝혔다. Dutch Boy의 제품 발표도 Menards 독점 판매를 확인한다.","note_en":"Sherwin-Williams identifies Menards as a home-center partner and says its Dutch Boy brand is expanding within the channel. A Dutch Boy product announcement also confirms exclusive availability at Menards.","sources":[{"stance":"confirms","publisher":"셔윈-윌리엄스","publisher_en":"The Sherwin-Williams Company","kind":"ir","lang":"en","published_at":"2024-08-29","url":"https://s2.q4cdn.com/918177852/files/doc_events/2024/Aug/CORRECTED-TRANSCRIPT-The-Sherwin-Williams-Co-SHW-US-Investor-Meeting-Financial-Community-29-August-2024-1-30-PM-ET.pdf","title":"The Sherwin-Williams Co. Investor Meeting - Financial Community","title_en":"The Sherwin-Williams Co. Investor Meeting - Financial Community","excerpt":"Menards의 Dutch Boy 브랜드는 새로운 범주와 부문으로 계속 확장되고 있다.","excerpt_en":"Our Dutch Boy brand at Menards continues to expand into new categories and segments."},{"stance":"confirms","publisher":"Dutch Boy Paints","publisher_en":"Dutch Boy Paints","kind":"ir","lang":"en","published_at":"2024-08-28","url":"https://www.dutchboy.com/content/dam/cbg-dutchboy/press-room/2024/Dutch-Boy-2025-Color-of-the-Year-Mapped-Blue-Press-Release.pdf","title":"Chart Your Course to Mindful Living with Dutch Boy Paints' 2025 One-Coat Color of the Year: Mapped Blue","title_en":"Chart Your Course to Mindful Living with Dutch Boy Paints' 2025 One-Coat Color of the Year: Mapped Blue","excerpt":"Mapped Blue와 관련 단일도장 색상 팔레트는 Menards에서 독점 판매된다.","excerpt_en":"Mapped Blue, and its complementing one-coat color palettes, are available exclusively at Menards."}]},{"direction":"revenue","counterparty":"풀트그룹","counterparty_slug":"pultegroup","confidence":"mid","metric":{"type":"amount","unit":"USD","as_of":"2023-08-04","basis":"Sherwin-Williams 도료 조달액","value":null,"period":"2023","basis_en":"Procurement value for Sherwin-Williams paint","qualifier":"confirmed_no_disclosed_value"},"note":"셔윈-윌리엄스는 PulteGroup의 공식 주택 가이드에 전국 브랜드 파트너십 품목으로 명시된 도료를 공급하며, 구매액과 계약 조건은 공개되지 않았다.","note_en":"The Sherwin-Williams Company supplies paint identified in PulteGroup's official home guide as a national brand partnership product, while the purchase value and contract terms are not disclosed.","sources":[{"stance":"confirms","publisher":"PulteGroup","publisher_en":"PulteGroup","kind":"ir","lang":"en","published_at":"2023-08-04","url":"https://digitalbrochure.pulte.com/view/333906338","title":"PulteGroup DFW 신규 주택 가이드","title_en":"PulteGroup DFW New Home Guide","excerpt":"공식 가이드는 Moen 수도설비, Whirlpool 가전, Shaw 바닥재, Sherwin-Williams 도료, Lennox HVAC를 전국 브랜드 파트너십으로 제시한다.","excerpt_en":"NATIONAL BRAND PARTNERSHIPS: Premium design and details for your home through our national partnerships with Moen faucets, Whirlpool appliances, Shaw flooring, Sherwin-Williams paints, and Lennox HVAC equipment."}]}]}