Hempel has bought Dutch coating specialist Schaepman as part of its drive to become one of the top 10 coating suppliers in the world by the end of 2015.
Schaepman, which specialises in industrial, protective and decorative coatings, will provide Hempel with a range of expertise, while exisitng Schaepman customers will benefit from Hempel's broad range of products and expert global support. Hempel's global presence will also ensure Schaepman's specialist products are available to a wider customer base, according to a statement on the company's site.
Hempel’s Group President and CEO Pierre-Yves Jullien comments: “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.”
Schaepman’s management is excited about the acquisition. “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,” says Berend ten Doeschate, Schaepman’s CEO.
He continues: “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 US-based protective coatings manufacturer Blome International Inc. in 2012. Hempel has seen significant growth in the Americas as a result and many Blome products are now available to Hempel’s global customers.