Hempel has acquired Schaepman’s Lakfabrieken B.V, a leading Dutch supplier of specialised industrial, protective and decorative coatings. The acquisition is[ds_preview] part of Hempel’s five-year growth strategy, and supports its goal of becoming one of the world’s top-10 largest coatings suppliers by the end of 2015, the company said.
The acquisition will enable Hempel to benefit from Schaepman´s expertise in protective coatings. President and CEO Pierre-Yves Jullien comments: »We are focused on developing or acquiring new solutions that add real benefits to our customers. Schaepman represents what we were looking for. It has a solid position on the local market, a strong brand, innovative R&D and specialist products that will enrich our global assortment. In addition, Schaepman’s expertise in the industrial coatings segment will help open new business possibilities for Hempel in this market.« Also Schaepman´s management is satisfied: »With Hempel we have found the perfect match. Furthermore, Hempel’s solid global presence will allow us to broaden our customer, geographical and technological base,« sayd Berend ten Doeschate, Schaepman’s CEO. He continued: »Schaepman will continue, under the ownership of Hempel, to provide reliable and high quality solutions to our customers, focusing on the individual needs and continuous operation of our customers’ production processes. Our own production will continue in Kampen and I am sure our customers will soon see benefits from Hempel’s global expertise.«
Hempel acquired the US-based protective coatings manufacturer Blome International Inc. in 2012. The company has seen significant growth in the Americas as a result and many Blome products are now available to Hempel’s global customers. The management expects to continue increasing its market presence through strategic acquisitions within its key segments.
Per mutual agreement, terms of the sale are undisclosed.
