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February 3, 2016
By: Catherine Diamon
Global coatings supplier Hempel has announced the divestment of Blome International, a US-based corrosion control products manufacturer. Danish-based Hempel acquired Blome International in 2012 in order to gain technologies and linings critical to its business, including products that are now a part of Hempel’s Versiline range of high performance linings for aggressive industrial environments. Hempel has now integrated these linings into its global product assortment especially within its focus segments of Rail, Oil & Gas and Power Generation. Hempel is now divesting the other brand, Blome International, while keeping the Versiline range of linings. Blome International will be re-launched as a standalone independent company, under the leadership of Andy Bernard, former Vice President of Blome International. The new arrangement allows Blome International to focus on its core business of engineered high performance corrosion control products within their key segments of Power Generation, Pulp & Paper, and Chemical Production. This divestiture enables Hempel to focus on its global “Journey to Excellence” strategy while retaining the key lining technologies for its business that were acquired from Blome. Hempel will continue to deliver these linings under the Versiline brand. Under the terms of the transaction, there will be a transition period of six months. By mutual agreement, the terms of the deal will not be disclosed.
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