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Hempel expands with Lacor acquisition

By Tim Wright | January 30, 2007

Extending coverage of the German market Hempel has acquired Lacor. Founded in 1989 and based in Merzig, Germany, Lacor is a leading national and international supplier of protective coatings and industrial paints. Lacor will be incorporated into Hempel Germany.

Lacor brings a competitive product range, a strong market position and access to interesting markets and customers in Germany and surrounding countries, according to Hempel. With the combined strengths of the two companies, Hempel foresees significant business expansion possibilities. The deal represents a positive step forward in Hempel’s newly adopted "One Hempel – Everywhere" strategy, which aims to strengthen Hempel’s market presence in selected areas and segments.