Hempel acquires Omani coatings company Khimji Paints
Hempel has completed the acquisition of Khimji Paints. This is Hempel’s first acquisition in the Decorative segment in the Middle East.
Khimji Paints is a leading paint and coatings manufacturer in Oman, with a strong distribution network of more than 50 own and independent retailers.
“This transaction marks a significant milestone for Hempel in our global growth journey,” says Joe Devitt, Executive Vice President of Decorative at Hempel. “We will now be better equipped to meet the needs of our customers with an extensive offering of products and services.”
“Much bigger foothold in the Omani market”
“With this acquisition, I am thrilled to welcome the entire Khimji team – over 70 new employees – into the Hempel family and a production facility, enabling us to increase capacity in the region,” continues Joe. “This gives Hempel a much bigger foothold in the Omani market.”
