PRIVATE COMPANY; YEAR ESTABLISHED: 1915
REVENUE: $1.553 billion t (2015: $1.575 billion)
Architectural; Marine and Protective coatings; Container coatings; Yacht coatings; Decorative coatings
Henrik Andersen, group president & CEO; Anders Boyer-Søgaard, EVP & CFO; Lars Petersson, EVP & COO; Michael Hansen, EVP & CCO; Peter Kirkegaard, EVP & CPCO; Marketing directors: Klaus Moeller (Protective), Christian Ottosen (Marine), Thomas C. Olsen (Yacht); Signe Muck (Group R&D).
Protective coatings supplier Hempel recorded sales of $1.553 billion in 2016. Hempel employs approximately 5,787 people, is present in more than 80 countries and has 28 factories, R&D centers and more than150 stockpoints around the globe.
Hempel A/S recently signed an agreement to acquire 65 percent of one of Germany’s leading manufacturers of decorative paint, J.W. Ostendorf. Following closing of the transaction, JWO becomes part of the worldwide Hempel family.
The investment in JWO is a significant reinforcement in Hempel’s third strategic business area – the decorative business.
“Our decorative business is relatively new and has therefore naturally been a bit overshadowed by the company’s two other strategic business areas, Marine and Protective. This is now over,” Hempel Group President and CEO Henrik Andersen said. “With the investment in JWO, one of the world’s leading manufacturers of decorative paint, we have grown our decorative business significantly and sent a signal that we are ready to do more – in Europe and globally.”
JWO has approximately 750 employees and is located in Coesfeld, North Rhine Westphalia, Germany, and in Cestas, France.
JWO is certified by LGA (derived hygiene standards for paint as for the food industry). Among other things, the production is primarily water-based, but JWO also produces solvent-based products.
JWO is a family-owned company. The former CEO and majority shareholder Michael Ostendorf and his sons Jan and Jens Ostendorf will continue to be involved in the business as shareholders.
Going forward, JWO will be managed on a daily basis by Jan and Jens Ostendorf, who will be responsible for the North and South European markets respectively.
Hempel’s investment in JWO is one of many made during recent years. Besides Crown Paints, Hempel has successfully acquired and integrated companies such as Schaepman (The Netherlands) and Jones Blair (U.S.) into the Hempel family.