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Farrow & Ball sold to Danish paint group Hempel in £500m deal


 
Farrow & Ball, the upmarket British paint company known for its eccentrically-named hues, is being sold to the Danish coatings manufacturer Hempel in a £500 million (€580 million) deal that is set to trigger a sales push outside the UK.
The company, whose paints include ‘Skimmed Milk White’, ‘Broccoli Brown’ and ‘Dead Salmon’, has been owned by Los Angeles-based private equity firm Ares since 2014. Ares paid £275 million for the acquisition.
The deal comes after a year in which protracted lockdowns and a shift to working from home have made some consumers more willing to spend on high-end interior design.
Anthony Davey, chief executive of Farrow & Ball, said revenues had risen more than 30 per cent in the year to March 2021. ....

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