Hempel to buy luxury decorative paint brand Farrow & Ball
DUBAI, 2 days
ago
World-leading coatings manufacturer Hempel said it has reached an agreement with Ares Management Corporation, a leading global alternative investment manager, to acquire Farrow & Ball, a luxury decorative paint and wallpaper company with an annual turnover of over euro 100 million, from one of its private equity groups.
With Hempel’s strong global presence and long-term trade credentials, the intention is to grow and expand Farrow & Ball globally, said its top official.
"Farrow & Ball is an iconic, luxury, decorative paint and wallpaper company. It is used by consumers, designers and cultural institutions around the world – all who have a passion for rich colours in an eco-friendly paint," remarked Hempel Group President & CEO Lars Petersson.