CLEVELAND - The Sherwin-Williams Co. announced a definitive agreement for the purchase of 100% of the stock of privately held Paint Sundry Brands Corp., a manufacturer of paint brushes and rollers for professional contractors and do-it-yourself (DIY) users.

The transaction was valued at approximately $295 million, and will be completed following regulatory approvals, Sherwin-Williams said.

Sherwin-Williams Chairman and CEO Christopher M. Connor said Paint Sundry Brands' highly recognizable Purdy and Bestt Liebco brands "will give us a strong branded presence in the important coatings applicator category."

Paint Sundry Brands, a holding company for a variety of assets, manufactures and sells paint brushes and rollers under several brands, and also offers a range of other paint applicators.