15.02.2022 • News
Hempel Enters Middle East with Khimji Paints Buy
Following exclusive talks, Denmark's Hempel has acquired Oman's Khimji Paints for an undisclosed sum. The move marks the Lyngby group’s first acquisition in the Middle East's decorative paints sector, supporting its strategy to double revenue to €3 billion by 2025.
Khimji Paints is a leading paints and coatings manufacturer in Oman, with more than 70 employees and a distribution network of more than 50 of its own and independent retailers.
"This transaction marks a significant milestone for Hempel in our global growth journey. We will now be better equipped to meet the needs of our customers with an extensive offering of products and services," said Hempel executive vice president of decorative Joe Devitt.
Last September, Hempel completed its purchase of UK luxury paint company Farrow & Ball and last March, the company acquired Wattyl Australia and New Zealand from major US paints firm Sherwin-Williams.
Author: Elaine Burridge, Freelance Journalist
(c) Hempel
