Hempel has completed the acquisition of the Cap Couleurs Group’s store network in Southeast France, supporting its strategy to double Hempel by 2025. This acquisition complements Hempel’s existing network of 10 Renaulac stores in France. Cap Couleurs’ network in the Var region includes stores in La Seyne sur Mer, Brignoles, Fréjus, La Garde, and Grimaud.
Following the acquisition, Francois Herisson, former owner, will retire. Cap Couleurs’ management team (Gilles Herisson, Pascal Le Tenoux, and Jean-Philippe Burtschy) will stay on board under Hempel’s ownership.
“It is a great milestone in our expansion plan of our store network,” said Joe Devitt, executive vice president of Decorative at Hempel, “and I am pleased to welcome our 32 new colleagues to the Hempel family.”
“Cap Couleurs is a great fit from a footprint perspective as we will hold a segment leadership position in the Var region and further increase our presence on the French market,” continued Devitt, “Furthermore, the transaction supports our growth initiatives on our own stores, supporting our double impact strategy for Southern Europe.”
Pascal Le Tenoux, head of Store Operations at Cap Couleurs Group added, “We are very excited to join the Hempel family, as this will ensure a prosperous future for all Cap Couleurs employees, and we are proud to be the pioneers of Hempel’s growth strategy for its Decorative segment in France.”
For more information, visit: www.hempel.com.