Sherwin-Williams better prepared for a recession than it was ahead of previous recession, CEO says

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Sherwin-Williams better prepared for a recession than it was ahead of previous recession, CEO says
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That is in large part because the Cleveland-based paint maker has grown its “residential repaint” business — mostly professional painters who repaint existing houses or apartments — to be a larger percentage of its overall business.

CLEVELAND, Ohio - Sherwin-Williams Co. is better prepared to weather a recession today than it was during the latest recession more than a decade ago, the company’s CEO,That is in large part because the Cleveland-based paint maker has grown its “residential repaint” business — mostly professional painters who repaint existing houses or apartments — to be a larger percentage of its overall business, Morikis said.

His company’s performance during the COVID-19 pandemic is “a great demonstration of what we do in really difficult times,” he said.Get the best in local business news sent straight to your inbox with the Cleveland Business Journal. If you purchase a product or register for an account through one of the links on our site, we may receive compensation.

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