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.