CIN acquires Hempel Industrial
CIN has acquired Hempel Industrial B.V., based in the Netherlands. This acquisition is intended to bolster CIN’s position in the European market and to broadens its product portfolio.
The transaction adds a new industrial unit to CIN’s group, contributing to an annual turnover of approximately €15 million, according to company information. 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.
11 factories in seven countries
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 underscores the company’s commitment to becoming a global paint and coatings industry leader.
