International. Hempel recently reported the acquisition of Schaepman Lakfabrieken B.V, a leading Dutch supplier of specialized industrial coatings, protective and decorative. 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 ten largest coating suppliers by the end of 2015.
The acquisition will allow Hempel to benefit from Schaepman's proven expertise in protective coatings. At the same time, existing Schaepman customers will have access to a wide range of products and global support from Hempel experts, whose global presence will also ensure specialized Schaepman products available to a wider customer base.
Hempel Group President and CEO Pierre-Yves Jullien commented: "We are focused on developing or acquiring new solutions that bring real benefits to our customers. Schaepman represents what we were looking for. It has a strong position in the local market, a strong, innovative R&D brand and specialized products that will enrich our global assortment. In addition, Schaepman's expertise in the industrial coatings segment will help open up new business possibilities for Hempel in this market."
Hempel expects to continue to increase its market presence through strategic acquisitions within its key segments.
