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Hempel Acquires UK Decorative Paint Company

Wednesday, May 12, 2021

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Global coatings company Hempel recently announced that it has signed a purchase agreement for the acquisition of Farrow & Ball, a luxury decorative paint and wallpaper company.

The company notes that this is the next step to double its revenue to 3 billion euros by 2025 and supports Hempel’s growth ambitions for the decorative paints segment.

Hempel

Global coatings company Hempel recently announced that it has signed a purchase agreement for the acquisition of Farrow & Ball, a luxury decorative paint and wallpaper company.

According to the company, Farrow & Ball is based in Dorset, England, has an annual turnover of over 100 million euros, and the goal is to globally grow and expand the company.

“I am very proud to welcome our new colleagues to the Hempel family. Together we will ensure that Farrow & Ball continues its strong growth journey,” said Hempel Group President and CEO Lars Petersson.

“I am proud that we have already taken the next step on our journey to double our business. The addition of Farrow & Ball to our branded portfolio is another proof point that we are going for leadership positions in key segments and geographies.”

Hempel is acquiring Farrow & Ball from the Private Equity Group of Ares Management Corporation, a leading global alternative investment manager. The transaction is subject to customary regulatory approval and is expected to close in the second half of 2021.

   

Tagged categories: Acquisitions; Asia Pacific; Decorative painting; EMEA (Europe, Middle East and Africa); Farrow & Ball; Good Technical Practice; Hempel; Latin America; Mergers; North America; Z-Continents

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