• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Pigments Market

    The Architectural Paint Market Enjoys a Strong 2022

    The Buyers’ Guide

    Auto Refinish Market

    The 2022 Protective Additives Directory
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Raw Materials & Equipment
    Video Bites
    Suppliers News
    Live From Shows
    Top News
    Epoxytec Announces New Website Launch

    Paints and Coatings Market Worth $212B by 2026: MarketsandMarkets

    Axalta Releases Fourth Quarter and Full Year 2022 Results

    AkzoNobel Using 100% Renewable Electricity in North America

    Program for BIG IDEAS for UV+EB Technology 2023 Announced
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    Epoxytec Announces New Website Launch

    Advanced Polymer Coatings Lands Multiple Turkish Tanker Deals

    Rust-Oleum Names Gloss Grape as Spray Paint Color of the Year

    Cortec Launches EcoAir Biobased Outdoor Coating

    Chrome Alternative from AkzoNobel Saves Turkish Bike Manufacturer 40% on Energy Costs
    Additives
    Binders
    Pigments
    Solvents

    Univar Solutions Announces New Distribution Relationship

    OQ Chemicals Invests in Capacity Expansion to Support Carboxylic Acids Market

    Solvay to Relocate to New Headquarters

    Peninsula Polymers Awarded Bronze Sustainability Rating from EcoVadis

    Project Air to Receive €97 Million Under Agreement with Innovation Fund
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Active Minerals

    Shepherd Color Company, The

    Clariant Additives

    Siltech Corporation

    EPS
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    Saudi Arabia Coatings Show

    Southern Society for Coatings Technology Annual Meeting and Technology Conference

    Eastern Coatings Show

    CPCA Annual Conference

    66th Annual Sink or Swim
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Active Minerals

    Shepherd Color Company, The

    Clariant Additives

    Siltech Corporation

    EPS
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Glossary
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Hempel Acquiring Wattyl Australia, New Zealand

    "We are now taking the first large, visible step in our ambition of doubling Hempel by 2025," Hempel CEO Lars Petersson said.

    Hempel Acquiring Wattyl Australia, New Zealand
    Related CONTENT
    • Nippon Paint Marine Registers Spike in Turkish Drydockings Amid Asia Capacity Concerns
    • Sherwin-Williams Announces 2022 Color of the Year
    • IM Group Wins Award for Best Industrial Tinting System in Brazil
    • International Celebrates 140 Years As A Global Leader In Marine, Protective And Yacht Coatings
    • HGTV Home by Sherwin-Williams Announces Its 2022 Color Collection of the Year
    02.18.21
    Hempel A/S said it signed a purchase agreement to acquire Wattyl – one of Australia and New Zealand’s leading manufacturers of paint for the decorative and protective segments with a turnover of €150 million and 750 employees – from The Sherwin-Williams Company. 
     
    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,” Hempel Group President & CEO Lars Petersson said. 
     
    “The acquisition is in line with our Double Impact strategy and the growth ambitions for our decorative and protective segments. Furthermore, the acquisition of Wattyl clearly highlights key points of the Hempel strategy: We are going for leadership positions in selected segments and geographies, and we aim to double our revenue within five years to €3 billion. Doubling our revenue will allow us to double our positive impact by investing in more sustainable coating solutions, innovation and digitalization.” 
     
    Wattyl's business model is similar to the Hempel company Crown Paints in the UK, with a portfolio of branded products and nearly 100 company-owned stores across Aus-tralia and New Zealand, and strategic distribution partnerships servicing the DIY and trade consumers. 
     
    “Hempel and Wattyl working together, not only within decorative paints but also within protective coatings solutions, will put us in a great position to deliver our strategic ambition, particularly in our Decorative, Infrastructure and Energy segments, through combined expertise, industry knowledge and quality products," Petersson said. "Consequently, our expectations for Wattyl as part of our family are high, and together, Wattyl and Hempel will create a strong platform for continued growth for our entire South & East Asia region."
     
    Going forward, Wattyl will still be managed by current Managing Director Matt Crossingham.
     
    “The entire team and I are pleased to join the Hempel family, and we are looking forward to contributing to Hempel’s growth and development – not only in Australia and New Zealand – but throughout the South & East Asia region. We will gain access to increased know-how, experience and innovation as well as a broader product portfolio, which will benefit our customers," he said. "With Hempel’s ownership, I am certain that Wattyl will raise to the next level.” 
     
     
    From a branding perspective, Hempel intends to use the endorsement “A part of Hempel” in branding and communication.
    Suggested For You
    Nippon Paint Marine Registers Spike in Turkish Drydockings Amid Asia Capacity Concerns Nippon Paint Marine Registers Spike in Turkish Drydockings Amid Asia Capacity Concerns
    Sherwin-Williams Announces 2022 Color of the Year Sherwin-Williams Announces 2022 Color of the Year
    IM Group Wins Award for Best Industrial Tinting System in Brazil IM Group Wins Award for Best Industrial Tinting System in Brazil
    International Celebrates 140 Years As A Global Leader In Marine, Protective And Yacht Coatings International Celebrates 140 Years As A Global Leader In Marine, Protective And Yacht Coatings
    HGTV Home by Sherwin-Williams Announces Its 2022 Color Collection of the Year HGTV Home by Sherwin-Williams Announces Its 2022 Color Collection of the Year
    HGTV Home by Sherwin-Williams Announces 2022 Color Collection of the Year HGTV Home by Sherwin-Williams Announces 2022 Color Collection of the Year
    Sika to Divest European Industrial Coatings Business to Sherwin-Williams Sika to Divest European Industrial Coatings Business to Sherwin-Williams
    Sherwin-Williams: Embracing Discovery and Expression in Design for 2022 Sherwin-Williams: Embracing Discovery and Expression in Design for 2022
    Sherwin-Williams Issues 2020 Sustainability Report Sherwin-Williams Issues 2020 Sustainability Report
    WEG WEG
    Tohpe Tohpe
    Industrias Titan Industrias Titan
    Asahipen Asahipen
    Top Companies Report Top Companies Report
    BCF CEO Blog: Further Consolidation in the UK Coatings Industry BCF CEO Blog: Further Consolidation in the UK Coatings Industry

    Related Breaking News

    • Breaking News | Marine Coatings | Paint & Coatings Manufacturer News
      Nippon Paint Marine Registers Spike in Turkish Drydockings Amid Asia Capacity Concerns

      Nippon Paint Marine Registers Spike in Turkish Drydockings Amid Asia Capacity Concerns

      Nippon Paint Marine has registered a significant spike in Turkish drydockings as operators of small- to mid-size tonnage redirect vessels from Asia.
      09.22.21

    • Architectural Coatings | Breaking News | Color Trends & Forecast | Paint & Coatings Manufacturer News
      Sherwin-Williams Announces 2022 Color of the Year

      Sherwin-Williams Announces 2022 Color of the Year

      Sherwin-Williams revealed today that the 2022 Color of the Year is Evergreen Fog SW 9130, a nourishing and sophisticated gray-green.
      09.21.21

    • Breaking News
      IM Group Wins Award for Best Industrial Tinting System in Brazil

      IM Group Wins Award for Best Industrial Tinting System in Brazil

      Honored during the “25th Premio Paint & Pintura” award ceremony.
      09.17.21


    • Breaking News | Marine Coatings
      International Celebrates 140 Years As A Global Leader In Marine, Protective And Yacht Coatings

      International Celebrates 140 Years As A Global Leader In Marine, Protective And Yacht Coatings

      ...
      09.16.21

    • Architectural Coatings | Breaking News | Color Trends & Forecast
      HGTV Home by Sherwin-Williams Announces Its 2022 Color Collection of the Year

      HGTV Home by Sherwin-Williams Announces Its 2022 Color Collection of the Year

      Softened Refuge Color Collection encourages simplicity and comfort with color.
      09.14.21

    Loading, Please Wait..
    Trending
    • Sherwin-Williams Announces And Celebrates 2022 Vendor Of The Year Award Winners
    • Axalta Releases Fourth Quarter And Full Year 2022 Results
    • PPG Names New Packaging Coatings Global Technical Director
    • PPG Reports Fourth Quarter, Full-Year 2022 Financial Results
    • Paints And Coatings Market Worth $212B By 2026: MarketsandMarkets
    Breaking News
    • Epoxytec Announces New Website Launch
    • Paints and Coatings Market Worth $212B by 2026: MarketsandMarkets
    • Axalta Releases Fourth Quarter and Full Year 2022 Results
    • AkzoNobel Using 100% Renewable Electricity in North America
    • Program for BIG IDEAS for UV+EB Technology 2023 Announced
    View Breaking News >
    CURRENT ISSUE

    January 2023

    • Pigments Market
    • The Architectural Paint Market Enjoys a Strong 2022
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Nutrasource Rebrands Clinical Trial Site to Apex Trials
    Kerry Sponsors Upcycled Food Foundation Research Fellowship
    Probiotics Supplementation Reduces Complications in Colorectal Cancer Patients
    Coatings World

    Latest Breaking News From Coatings World

    Epoxytec Announces New Website Launch
    Paints and Coatings Market Worth $212B by 2026: MarketsandMarkets
    Axalta Releases Fourth Quarter and Full Year 2022 Results
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    MPO's Most-Read Stories This Week—Jan. 28
    Alleviant Medical Closes $75M Financing Round
    Know Labs Founder Ron Erickson Named CEO
    Contract Pharma

    Latest Breaking News From Contract Pharma

    SK bioscience Introduces New Global Partnership Model for Vaccines
    Merck's KEYTRUDA Wins Expanded Approval in Non-Small Cell Lung Cancer
    Bone Biologics Engages Avania for NB1 Clinical Trial
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    LVMH Reports Record 2022
    Haircare Brand Uncle Funky’s Daughter Announces Retail Expansion
    TRESemmé Introduces New Pro Infusion Collection
    Happi

    Latest Breaking News From Happi

    Good Chemistry Launches New Coffee Fragrance
    Kobo Supports Itiah Angels for Learning
    Fenty Beauty Introduces Show Stopp’r Kit Ahead of Super Bowl LVII
    Ink World

    Latest Breaking News From Ink World

    Weekly Recap: Sustainability and Pigments, TSCA and Raw Materials Top This Week’s Stories
    Roland DGA Announces Major Expansion of TrueVIS Printer Family
    Neos Expands Production Capacity, European Market Presence
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Label industry mourns CCL's Alan Horn, Baldwin focuses on narrow web and more
    Channeled Resources launches blank labels with PET liner
    Infigo partners with Four Pees in Benelux region
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Weekly Recap: Thinx Settles Class Action Lawsuit, Abena, Finess Hygiene Announce Merger & More
    Essity’s Sales Grow
    Thinx to Pay up to $5 million to Settle Class Action Suit
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    ODT's Most-Read Stories This Week—Jan. 28
    Roche, Sysnav Partner on Movement Tracking Tech for Neuromuscular Disorders
    Orthopedic Braces/Support, Casting/Splints Market to Top $12B by 2030
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Weekly Recap: Avery Dennison, CES 2023 and Canatu’s LiDAR Deicing Top This Week’s Stories
    Celanese Launches Nine New Conductive Inks
    NREL Develops Thin, Lightweight Layer for Radiation Barrier for Perovskites in Space

    Copyright © 2023 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login