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Kgs, Lyngby, Denmark, 2014/12/15 - With the acquisition of Netherlands-based coatings manufacturer Schaepman's Lakfabrieken B.V, Hempel takes a step towards achieving its growth ambition: to increase its presence in the protective and industrial coatings markets - Schaepman.nl / Hempel.com.
Hempel announced today that it has acquired Schaepman’s Lakfabrieken B.V, a leading Dutch supplier of specialised industrial, protective and decorative coatings. The acquisition is part of Hempel’s five-year growth strategy, One Hempel One Ambition, and supports its goal of becoming one of the world’s top-10 largest coatings suppliers by the end of 2015.
The acquisition will enable Hempel to benefit from Schaepman's proven expertise in protective coatings. At the same time, existing Schaepman customers will gain access to Hempel's broad range of products and expert global support. Hempel's global presence will also ensure Schaepman's specialist products are available to a wider customer base.
Hempel’s Group 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.”
Schaepman’s management is excited about the acquisition. “With Hempel we have found the perfect match. Like Schaepman, Hempel, has many years of experience and a strong focus on R&D. Furthermore, Hempel’s solid global presence will allow us to broaden our customer, geographical and technological base,” says Berend ten Doeschate, Schaepman’s CEO.
He continues: “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 (hempel.com) acquired the US-based protective coatings manufacturer Blome International Inc. in 2012. Hempel has seen significant growth in the Americas as a result and many Blome products are now available to Hempel’s global customers.
Hempel expects to continue increasing its market presence through strategic acquisitions within its key segments.
Per mutual agreement, terms of the sale are undisclosed.