Hempel A/S has reached an agreement to acquire Hempel-Hai Hong in China, with completion expected to take place on 5 January 2009. This latest acquisition means that Hempel A/S will have invested nearly DKK one billion in 2008, in line with its strategy for global growth, OneHempel – Everywhere. Increasing its share in Hempel-Hai Hong from 36 percent to 100 percent will give Hempel A/S full control of its activities in China. Hempel-Hai Hong has a strong brand identity and is already responsible for 25 percent of Hempel A/S’s global turnover, making it one of the leading companies in the Hempel Group. Hempel-Hai Hong is the latest in a series of acquisitions following the implementation of the Hempel Group’s global strategy for growth, One Hempel – Everywhere.