Hempel Acquires Crown Paints

Friday, June 10, 2011
Photo courtesy Hempel A/S

Danish-based Hempel announced today the acquisition of Crown Paints Ltd. This is a result of its One Hempel – One Ambition growth strategy. 

The Decorative segment represents a significant part of the global coatings industry and is expected to keep growing. Therefore, the acquisition of a company strong in the Decorative market is an important part of Hempel’s strategy. 
 
“Crown Paints represents everything we were looking for – a solid position in the market, a sound financial situation, as well as innovative R&D and marketing,” said Hempel’s CEO Pierre-Yves Jullien.
 
The acquisition will not change Crown Paints’ brands’ identities, and the daily management and decision power will also remain local. Hempel will also continue to carry out Crown Paints’ existing objectives.
 
Crown Paints’ management is excited about the acquisition. “With Hempel we have succeeded in finding the perfect new owner,” says Brian Davidson, CEO of Crown Paints. “An owner who, like Crown Paints, has many years of experience. There is no doubt that Hempel will contribute significantly to the continued development of Crown Paints.”
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Coatings & Corrosion

Chloropac Anti-Fouling Selected for Largest Decommissioning Vessel

Allseas Group S.A., a global offshore pipe installation and subsea construction company, has selected Evoqua Water Technologies’ Chloropac electrochlorination system

Ecospeed Fuel and Cost Saving Solutions at SMM

Ecospeed announced it will exhibit its line of fuel and cost saving solutions at SMM in Hamburg. Ecospeed and fuel savings Routine in-water cleaning results

Report: Ports Lack Maintenance Support

The latest Barometer Report from Trelleborg has revealed a huge gap in the maintenance requirements of port owners and operators, and the support that suppliers are able to provide.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2309 sec (4 req/sec)