Global coatings business Hempel has acquired Crown Paints as ‘one of the market leading businesses’ in the decorative coatings sector in the UK and Eire, for an undisclosed sum.
Crown Paints was a loss-making business in 2008 that went on to achieve profits of £20 million on sales of £180 million in 2010, backed by investment company Endless.
Hempel recorded profits of €92 million on revenues of €889 million in 2010.
