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CIN has acquired Hempel Industrial B.V., based in the Netherlands. This acquisition bolsters CIN’s position in the European market, broadens its product portfolio, and underscores its commitment to becoming a global paint and coatings industry leader. 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 distinguished 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 and operating the business as part of the Hempel Group. With this acquisition, CIN plans to revive the historic Schaepman name as part of its strategy to honour the company’s bicentennial legacy while enhancing its connection to local markets and customers.
João Luís Serrenho, Vice President of CIN, stated: “The acquisition of Hempel Industrial B.V. in the Netherlands represents another important step in CIN’s European growth strategy, solidifying our presence in a key region and laying a strong foundation for future expansion and competitiveness. Reviving the Schaepman brand reflects our respect for its historic legacy and aligns with our vision for innovation and delivering high-quality, specialized solutions. These shared values will continue to guide CIN as we expand our footprint across Europe.”
This acquisition increases CIN’s production capacity, including 11 factories operating across seven countries: Portugal, Spain, France, Italy, the Netherlands, Angola, and Mozambique. It also reinforces CIN’s growth and internationalization strategy, strengthening its position as a key player in the global paints and coatings market.
Established in 1830, Schaepman Lakfabrieken B.V. earned a distinguished 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 and operating the business as part of the Hempel Group. With this acquisition, CIN plans to revive the historic Schaepman name as part of its strategy to honour the company’s bicentennial legacy while enhancing its connection to local markets and customers.
João Luís Serrenho, Vice President of CIN, stated: “The acquisition of Hempel Industrial B.V. in the Netherlands represents another important step in CIN’s European growth strategy, solidifying our presence in a key region and laying a strong foundation for future expansion and competitiveness. Reviving the Schaepman brand reflects our respect for its historic legacy and aligns with our vision for innovation and delivering high-quality, specialized solutions. These shared values will continue to guide CIN as we expand our footprint across Europe.”
This acquisition increases CIN’s production capacity, including 11 factories operating across seven countries: Portugal, Spain, France, Italy, the Netherlands, Angola, and Mozambique. It also reinforces CIN’s growth and internationalization strategy, strengthening its position as a key player in the global paints and coatings market.