Hempel has acquired Schaepman’s Lakfabrieken B.V, a Dutch supplier of specialized industrial, protective and decorative coatings. The acquisition is part of Hempel’s five-year growth strategy. Terms of the sale are undisclosed.
According to Hempel , the acquisition will enable the company to benefit from Schaepman's expertise in protective coatings. Addtionally, existing Schaepman customers will gain access to Hempel's range of products and global support. Hempel's global presence will also ensure Schaepman's specialist products are available to a wider customer base.
Hempel’s Group President and CEO Pierre-Yves Jullien
, said, “We are focused on developing or acquiring new solutions that add real benefits to our customers. Schaepman represents what we were looking for. It has a solid position on the local market, a strong brand, innovative R&D and specialist products that will enrich our global assortment. In addition, Schaepman’s expertise in the industrial coatings segment will help open new business possibilities for Hempel in this market.”
Berend ten Doeschate, Schaepman’s CEO, said, “With Hempel we have found the perfect match. Like Schaepman, Hempel, has many years of experience and a strong focus on R&D. Furthermore, Hempel’s solid global presence will allow us to broaden our customer, geographical and technological base.”
He continued, “Schaepman will continue, under the ownership of Hempel, to provide reliable and high quality solutions to our customers, focusing on the individual needs and continuous operation of our customers’ production processes. Our own production will continue in Kampen and I am sure our customers will soon see benefits from Hempel’s global expertise.”
Hempel acquired the U.S.-based protective coatings manufacturer Blome International Inc. in 2012. Hempel said it has seen significant growth in the Americas
as a result and many Blome products are now available to Hempel’s global customers. Hempel expects
to continue increasing its market presence through strategic acquisitions within its key segments, the company said.