Canadian Finishing and Coatings Manufacturing

May 11, 2021

FarrowHallCoatings manufacturer Hempel has signed a purchase agreement for the acquisition of Farrow & Ball, a luxury decorative paint and wallpaper company.

“Farrow & Ball is an iconic, luxury, decorative paint and wallpaper company. It is used by consumers, designers and cultural institutions around the world – all who have a passion for rich colours in an eco-friendly paint,” says Hempel Group President & CEO Lars Petersson. “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.”

Hempel is taking the step in order to double its revenue to EUR 3 billion by 2025. The company considers the acquisition a good strategic match, supporting Hempel’s growth ambitions within the decorative segment.

“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,” Petersson says.

Using Hempel’s global presence, the intention is also to grow and expand Farrow & Ball globally.

“We are looking forward to taking our growth journey to the next level as part of the Hempel Group with whom we share strong sustainability principles,” says Anthony Davey, CEO of Farrow & Ball. “As part of the Hempel Group, we have an exciting opportunity to extend our brand in new markets through a strong global distribution network and longstanding trade relationships.”

The transaction is expected to close in the second half of 2021.

www.hempel.com

Product News

  • Prev
The Sherwin-Williams Company has introduced a new universal clearcoat: Aerospace Clearcoat ...
Paul N. Gardner USA has launched its new offering of Cross Hatch Adhesion Testers—three kits in ...
IFS Coatings recently launched IFS Puroplaz PE16, a tough thermoplastic modified polyolefin powder ...
BYK-Gardner USA is now offering a self-calibration option for its byko-visc RT Rotational ...
The global market for conductive pressure-sensitive adhesives (PSAs) is forecast to reach $12.5 ...
BYK-Gardner USA announced its new premium line of dry film thickness gauges, the byko-test 9500 ...
PPG announced the launch of PPG DP7000 Air-Dry Primer and a range of dedicated ancillaries across ...
AkzoNobel recently launched Interpon D1036 Low-E, an architectural powder coating that can be cured ...
DYRUP paint by PPG has introduced a new “bag-in-a-box” packaging for its Dyrup Wall Extra Covering ...
Evonik’s Coating Additives business line is expanding its TEGO Foamex product range with a new ...


Acquaduro ad 400x275

Presenting our latest waterborne system that won’t dilute performance. 

Acquaduro™, our innovative waterborne coating system featuring 2K polyurethane technology. 

Designed to meet evolving regulations, sustainability goals, and dynamic needs of customers, our Acquaduro coating system offers durability and chemical resistance on par with solvent-borne technology, providing a comprehensive and dependable solution for professional wood coating needs. 

For more information, contact your Chemcraft representative or local distributor. 

Chemcraft - a great finish is only the beginning 

Read More

Kerrwil Media Limited

538 Elizabeth Street, Midland,Ontario, Canada L4R2A3 +1 705 527 7666
©2024 All rights reserved
Funded by the Government of Canada | Finance par le gouvernement du Canada
Use of this Site constitutes acceptance of our Privacy Policy (effective 1.1.2016)
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Kerrwil.