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Hempel announced today that it has acquired Schaepman鈥檚 Lakfabrieken B.V, a leading Dutch supplier of specialised industrial, protective and decorative coatings. The acquisition is part of Hempel鈥檚 five-year growth strategy, and supports its goal of becoming one of the world鈥檚 top-10 largest coatings suppliers by the end of 2015.

The acquisition will enable Hempel to benefit from Schaepman's proven expertise in protective coatings. At the same time, existing Schaepman customers will gain access to 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.

Hempel鈥檚 Group President and CEO Pierre-Yves Jullien comments, 鈥淲e are focused on developing or acquiring new solutions that add real benefits to our customers. Schaepmann 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鈥檚 expertise in the industrial coatings segment will help open new business possibilities for Hempel in this market.鈥�

Schaepman鈥檚 management is excited about the acquisition. 鈥淲ith Hempel we have found the perfect match. Like Schaepman, Hempel, has many years of experience and a strong focus on R&D. Furthermore, Hempel鈥檚 solid global presence will allow us to broaden our customer, geographical and technological base,鈥� says Berend ten Doeschate, Schaepman鈥檚 CEO. 鈥淪chaepman 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鈥� production processes. Our own production will continue in Kampen and I am sure our customers will soon see benefits from Hempel鈥檚 global expertise.鈥�

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鈥檚 global customers.

Hempel expects to continue increasing its market presence through strategic acquisitions within its key segments.

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