top of page
  • irl

Hempel A/S has Declared its Plan to Sell J.W. Ostendorf and Renaulac, Marking the Next Phase in its Strategic Progression.


Hempel A/S, a global leader in paint and coatings, announced that it has entered into an agreement to sell its J.W. Ostendorf and Renaulac operations in France and Germany to Fidelium Partners, pending necessary approvals.


The divestiture of Hempel's primarily private label operations represents a significant move in its aggressive growth strategy and sharpens its strategic emphasis on expanding the branded business within its Decorative customer segment.


In 2018, Hempel purchased the largely private label operations J.W. Ostendorf and Renaulac. Since acquiring these companies, Hempel has expanded its decorative brands portfolio through additional acquisitions. This growing collection now forms the bulk of Hempel’s Decorative segment and includes notable brands such as Farrow & Ball, Crown Paints, Hempel, and Wattyl.


“In pursuit of achieving Hempel’s ambitious Double Impact strategy, we have made the strategic decision to focus on our full-service Deco brands within our Decorative segment,” says Ana Henriques, Executive Vice President and Head of Decorative at Hempel A/S. “The consequence of that focus is the sale of J.W. Ostendorf and Renaulac. In Fidelium Partners, we have found a committed new prospective owner with a long-term interest in growing the business. We believe that we have found a good new home for our around 500 colleagues from J.W. Ostendorf and Renaulac.”


The sale is expected to be completed in Q3 2024, pending relevant approvals. Transactional details will remain confidential, according to the terms of the purchase agreement.


Source: HEMPEL



8 views

Comments


bottom of page