LYNGBY, Denmark - Hempel has acquired Schaepman’s Lakfabrieken B.V, a leading Dutch supplier of specialized industrial, protective and decorative coatings. The acquisition is part of Hempel’s five-year growth strategy and supports its goal of becoming one of the world’s top-10 largest coatings suppliers by the end of 2015.
The acquisition will enable Hempel to benefit from Schaepman's expertise in protective coatings. At the same time, existing Schaepman customers will gain access to Hempel's broad 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 commented, “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.”
Hempel acquired the U.S.-based protective coatings manufacturer Blome International Inc. in 2012. The company expects to continue increasing its market presence through strategic acquisitions within its key segments.