Leading paints manufacturer Hempel has announced the acquisition of Lacor, which will further add to the volumes to the company’s production.

The deal, which came into effect earlier this year, will complement Hempel’s geographical coverage of the German market, and enable Hempel to enhance and expand the services it offers to new and existing clients, says a spokesman.
“Lacor brings a competitive product range, a strong market position and access to interesting markets and customers in Germany and surrounding countries. With the combined strengths of the two companies, Hempel foresees significant business expansion possibilities. The deal represents a positive step forward in Hempel’s newly adopted One Hempel – Everywhere strategy, which aims to strengthen Hempel’s market presence in selected areas and segments,” he adds.
Founded in 1989, Lacor is a leading national and international supplier of protective coatings and industrial paints. Lacor will be incorporated into Hempel Germany.
The Hempel Group is a leader in the production and sales of protective coatings within the marine, container, yacht, decorative and protective market segments.