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Hempel to acquire Wattyl Australia and New Zealand

Hempel
On 18 February, world-leading coatings manufacturer Hempel A/S signed a purchase agreement for the acquisition of Wattyl, one of Australia and New Zealand’s leading and highly distinguished manufacturers of paint for the decorative and protective segments with a turnover of EUR 150 million and 750 employees.
The seller is The Sherwin-Williams Company, the world’s largest paint and coatings company and headquartered in the United States. The transaction is now pending customary approval from the authorities, which is expected in the first quarter of 2021.
“We are now taking the first large, visible step in our ambition of doubling Hempel by 2025, and the acquisition will have a major, positive impact on our footprint and development in our South & East Asia region,” Hempel Group President & CEO Lars Petersson says. ....

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Business Scoop » Hempel To Acquire Wattyl Australia And New Zealand

Business Scoop provides news and views on Business and Markets from New Zealand ....

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