06.2018: Hempel A/S has signed an agreement to acquire 65 percent of one of Germany’s leading manufacturers of decorative paint, J.W. Ostendorf (JWO). Following closing of the transaction, JWO becomes part of the worldwide Hempel family, and is thus an evident factor for Hempel’s continuing ambition to grow and for leading participation in the ongoing global consolidation of the industry. Branding-wise JWO becomes ‘A part of Hempel’.
The investment in JWO is a significant reinforcement in Hempel’s third strategic business area – the decorative business.