Hempel to acquire Farrow & Ball
Hempel has signed a purchase agreement to acquire Farrow & Ball, a manufacturer of decorative paints and wallpapers with an annual turnover of over EUR 100 million.
Hempel’s planned acquisition of Farrow & Ball from the private equity group of Ares Management Corporation marks another step toward its self-imposed goal of doubling sales to more than EUR three billion by 2025.
“Farrow & Ball is an iconic”
“Farrow & Ball is an iconic, luxury, decorative paint and wallpaper company. It is used by consumers, designers and cultural institutions around the world – all who have a passion for rich colours in an eco-friendly paint. I am very proud to welcome our new colleagues to the Hempel family. Together we will ensure that Farrow & Ball continues its strong growth journey,” says Hempel Group President & CEO Lars Petersson.
The transaction is subject to customary regulatory approvals and is expected to close in the second half of 2021.
