Announced
Financials
Tags
Australia
Majority
Acquisition
Cross Border
Single Bidder
Private
Friendly
New Zealand
decorative paints
architectural coatings
protective coatings
Pending
Paints and Coatings
Synopsis
Hempel, a supplier of coating products, agreed to acquire Wattyl, a brand of architectural, decorative paints, special purpose and protective coatings, from Sherwin-Williams Company, a manufacturer of paint and coating. Financial terms were not disclosed. The transaction is now pending customary approval from the authorities, which is expected in the first quarter of 2021. “We are now taking the first large, visible step in our ambition of doubling Hempel by 2025, and the acquisition will have a major, positive impact on our footprint and development in our South & East Asia region,” Lars Petersson, Hempel Group President & CEO.
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