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PPG selling US-Canada architectural paints business, Sudarshan to acquire Heubach among the latest moves.
October 31, 2023
By: David Savastano
Editor, Ink World Magazine
#content.strong{ font-family: sans-serif !important; } The paint and coatings industry has seen a lot of merger and acquisition activity, most notably PPG entering into an agreement to sell its US and Canada architectural paints business to American Industrial Partners and Sudarshan Chemical looking to add Heubach Group. Here are some of the key moves we are watching, beginning with the most recent; we will add to the list as new acquisitions are reported: Acquiring Company: CIN Acquired Company: Hempel Industrial B.V. Date of Acquisition: January 2025 Comments: CIN acquired Hempel Industrial B.V., based in the Netherlands. The transaction adds a new industrial unit to CIN’s group, contributing to an annual turnover of approximately €15 million. Established in 1830, Schaepman Lakfabrieken B.V. earned a reputation for innovation in the industrial coatings sector, becoming a trusted name in the Netherlands and beyond. In 2014, Hempel acquired the company, retiring the Schaepman brand. With this acquisition, CIN plans to revive the historic Schaepman name as part of its strategy. Link to More Information: CIN Acquires Hempel Industrial B.V.
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