Hempel Recognized for Leadership in the Protective Coatings Market
MOUNTAIN VIEW, CA - Based on its recent analysis of the North American protective and marine coatings market, Frost & Sullivan has recognized Hempel with the 2013 Growth Excellence Leadership Award. In 2012, Hempel exhibited double-digit revenue growth well in excess of 20 percent and increased its overall market share in North America to 9.5 percent.
Hempel's successful acquisition of Blome International in 2012 complemented its existing product lines, especially for the oil and gas industry. Its success stems from getting the sales force of both companies to sell the newly combined offering. The company also focused on fine-tuning operational synergies to promote faster delivery, improving research and development, and reinventing the company to overcome new market challenges.