Hempel to acquire Wattyl from Sherwin-Williams Company.

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.