PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Paint and Coatings Industry News

Main News Page


Hempel A/S Buys Out Hai-Hong

Thursday, November 20, 2008

Comment | More

Hempel A/S has reached an agreement to acquire all shares of Hempel-Hai Hong in China, with completion of the deal expected to take place January 5, 2009, according to a November 17 announcement from the Lyngby, Denmark-based coatings manufacturer.

 

Increasing its share in Hempel-Hai Hong from 36% to 100% will give Hempel A/S full control of its activities in China. Hempel A/S is part of the Hempel Group. The acquisition is an important step  in the Group’s global growth strategy, according to Pierre-Yves Jullien Hempel Group president and CEO

 

Hempel-Hai Hong started in 1991 as a joint venture between the Hempel Group and China Merchants Holdings (International) Co. Ltd. With Hempel A/S’s full ownership, both companies will focus on their respective core businesses—ports and port-related activities for China Merchants Holdings (International) Co. Ltd., and worldwide marine, protective and decorative coatings for Hempel A/S.

 

The Hempel Group manufactures marine, protective, container, yacht, and decorative coatings. It has 20 factories, 47 sales offices, three research and development centers, and more than 130 stock points located strategically around the world.

 

Headquartered in Hong Kong, Hempel-Hai Hong has three factories, 10 major offices, 13 strategically located stock points in China, and more than 1,000 employees.

   

Tagged categories: Acquisitions

Comment Join the Conversation:

Sign in to our community to add your comments.

Spider, a Division of SafeWorks, LLC
Complete Suspended Access Solutions

Need access? From platforms & hoists to rigging & fall protection, Spider leads the industry in rentals, sales & service. Call 877-774-3370 or click today.


Termarust Technologies
Termarust (HR CSA) Chemically Stops
Active Corrosion

Pipeline Utility Aerial crossings coated since 1992. Termarust's (HR CSA) was used to overcoat lead paint and preserve cables, pipes and support towers.


Axxiom Manufacturing
Schmidt Improves
Portable Blasters

Schmidt's VBS System reduces blowdown intensity, prevents exhaust from damaging floor while using no screens or filters. Reduces sound; Increasing safety.
Call 1-800-231-2085


Sauereisen, Inc.
Experts in Corrosion

A Leader in the manufacture of speciality cements and corrosion-resistant materials of construction. www.sauereisen.com


Atlantic Design, Inc.
GOING PLACES YOU ONLY DREAM ABOUT!

We custom design.
We sell new & used.
We upgrade.
We retrofit.
We rent.
What are your equipment needs?
Cleverly simple. Clearly ADI. 866.Call.ADI


SAFE Systems, Inc.
Portable Blast &
Recovery Equipment

Trailer or skid mounted blast and recovery equipment. Systems designed for maximum versatility, environmental compliance
and overall cost savings.
Call 1-800-634-7278


Polygon
POLYGON - Temporary Humidity Control

We specialize in innovative climate control solutions for industrial painting, utilizing alternative energy sources and combining desiccants with heating or cooling.

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker JPCL Europe

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2014, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com