Hempel acquires Australian coatings manufacturer

Hempel's plan to reach a revenue of EUR 3 billion by 2025 now leads the coatings manufacturer to acquire an Australian company with 750 employees. "We have taken the first major step on our growth journey," says chief executive.

Lars Pettersson is CEO of Hempel, which has just acquired company Wattyl. | Photo: PR-FOTO

Hempel has just finalized its acquisition of Australian coatings manufacturer Wattyl as part of its growth plans for the years to come.

The acquisition has been approved by all relevant authorities in Australia and New Zealand after Hempel reached agreement to acquire the company from US-based Sherwin-Williams Company in February.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

For Coca-Cola, chartering vessels is by no means a foreign concept

It made a splash when a Coca-Cola exec recently informed that the company had chartered three dry bulk vessels as a result of the strained supply chains. It's a frequently used method, the company tells ShippingWatch. Nike expects shortages of products in coming quarters.

Further reading

Related articles

Trial banner

Latest news

See all jobs